Charles Schwab Investment Management Inc. Sells 72,373 Shares of Douglas Emmett, Inc. $DEI

Key Points

• Charles Schwab Investment Management Inc. reduced its stake in Douglas Emmett, Inc. by 1.9%, owning approximately 3.74 million shares worth $59.8 million at the end of the first quarter.
• Douglas Emmett reported an EPS of $0.37 for the last quarter, matching analysts' consensus estimates, and had a revenue increase of 2.4% year-over-year.
• The company declared a quarterly dividend of $0.19, representing an annualized yield of 5.2%, although the dividend payout ratio is notably high at 345.45%.

Charles Schwab Investment Management Inc. lessened its stake in Douglas Emmett, Inc. (NYSE:DEI - Free Report) by 1.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,740,335 shares of the real estate investment trust's stock after selling 72,373 shares during the period. Charles Schwab Investment Management Inc. owned about 2.23% of Douglas Emmett worth $59,845,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Summit Investment Advisors Inc. raised its position in Douglas Emmett by 4.6% during the 4th quarter. Summit Investment Advisors Inc. now owns 16,895 shares of the real estate investment trust's stock valued at $314,000 after purchasing an additional 738 shares during the last quarter. Cetera Investment Advisers raised its position in Douglas Emmett by 7.6% during the 1st quarter. Cetera Investment Advisers now owns 11,454 shares of the real estate investment trust's stock valued at $183,000 after purchasing an additional 809 shares during the last quarter. Nissay Asset Management Corp Japan ADV raised its position in Douglas Emmett by 4.0% during the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 25,333 shares of the real estate investment trust's stock valued at $472,000 after purchasing an additional 978 shares during the last quarter. Stifel Financial Corp raised its position in Douglas Emmett by 6.7% during the 4th quarter. Stifel Financial Corp now owns 18,976 shares of the real estate investment trust's stock valued at $352,000 after purchasing an additional 1,193 shares during the last quarter. Finally, State of Wyoming raised its position in Douglas Emmett by 5.1% during the 4th quarter. State of Wyoming now owns 29,297 shares of the real estate investment trust's stock valued at $544,000 after purchasing an additional 1,428 shares during the last quarter. Institutional investors own 97.37% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on DEI. Wells Fargo & Company decreased their target price on Douglas Emmett from $20.00 to $16.00 and set an "overweight" rating for the company in a research report on Monday, May 19th. BMO Capital Markets set a $17.00 target price on Douglas Emmett and gave the stock a "market perform" rating in a research report on Wednesday, July 16th. Wall Street Zen lowered Douglas Emmett from a "hold" rating to a "sell" rating in a research report on Saturday, August 9th. Scotiabank decreased their target price on Douglas Emmett from $21.00 to $19.00 and set a "sector outperform" rating for the company in a research report on Monday, July 14th. Finally, Piper Sandler decreased their target price on Douglas Emmett from $20.00 to $18.00 and set an "overweight" rating for the company in a research report on Friday, May 23rd. Four research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $17.78.

Douglas Emmett Stock Down 0.9%

Shares of Douglas Emmett stock traded down $0.1380 during midday trading on Wednesday, hitting $14.8920. The company had a trading volume of 1,248,386 shares, compared to its average volume of 1,602,397. The company has a debt-to-equity ratio of 1.55, a quick ratio of 3.49 and a current ratio of 3.49. The stock has a market capitalization of $2.49 billion, a P/E ratio of 67.69 and a beta of 1.26. The company has a 50 day moving average of $15.21 and a 200 day moving average of $15.28. Douglas Emmett, Inc. has a 52-week low of $12.39 and a 52-week high of $20.50.

Douglas Emmett (NYSE:DEI - Get Free Report) last issued its earnings results on Tuesday, August 5th. The real estate investment trust reported $0.37 EPS for the quarter, meeting the consensus estimate of $0.37. Douglas Emmett had a return on equity of 1.04% and a net margin of 3.77%.The business had revenue of $252.43 million for the quarter, compared to the consensus estimate of $250.98 million. During the same period last year, the business posted $0.46 EPS. The company's revenue was up 2.4% compared to the same quarter last year. Douglas Emmett has set its FY 2025 guidance at 1.430-1.470 EPS. On average, equities analysts predict that Douglas Emmett, Inc. will post 1.45 earnings per share for the current fiscal year.

Douglas Emmett Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th were issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 5.1%. The ex-dividend date of this dividend was Monday, June 30th. Douglas Emmett's dividend payout ratio is presently 345.45%.

Douglas Emmett Company Profile

Douglas Emmett, Inc (DEI) is a fully integrated, self-administered and self-managed real estate investment trust (REIT), and one of the largest owners and operators of high-quality office and multifamily properties located in the premier coastal submarkets of Los Angeles and Honolulu. Douglas Emmett focuses on owning and acquiring a substantial share of top-tier office properties and premier multifamily communities in neighborhoods that possess significant supply constraints, high-end executive housing and key lifestyle amenities.