Fiduciary Family Office LLC Invests $522,000 in Douglas Emmett, Inc. (NYSE:DEI)

Key Points

• Fiduciary Family Office LLC purchased a new stake in Douglas Emmett, Inc. valued at approximately $522,000, acquiring 32,611 shares during the 1st quarter.
• Several analysts have downgraded their ratings on Douglas Emmett, with Piper Sandler lowering its price target from $20.00 to $18.00 and a mix of hold, sell, and buy ratings from others.
• Douglas Emmett recently declared a quarterly dividend of $0.19, with a dividend yield of 5.3% and a payout ratio of 345.45%.

Fiduciary Family Office LLC acquired a new stake in shares of Douglas Emmett, Inc. (NYSE:DEI - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 32,611 shares of the real estate investment trust's stock, valued at approximately $522,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. FMR LLC boosted its stake in shares of Douglas Emmett by 59.6% in the 4th quarter. FMR LLC now owns 7,794,304 shares of the real estate investment trust's stock valued at $144,662,000 after purchasing an additional 2,910,490 shares in the last quarter. Hsbc Holdings PLC increased its stake in shares of Douglas Emmett by 0.4% in the 4th quarter. Hsbc Holdings PLC now owns 2,508,153 shares of the real estate investment trust's stock worth $46,265,000 after acquiring an additional 9,876 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Douglas Emmett by 1.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,437,150 shares of the real estate investment trust's stock worth $45,234,000 after acquiring an additional 34,460 shares in the last quarter. Northern Trust Corp grew its position in Douglas Emmett by 29.3% during the 4th quarter. Northern Trust Corp now owns 2,268,759 shares of the real estate investment trust's stock valued at $42,108,000 after purchasing an additional 514,034 shares during the last quarter. Finally, Victory Capital Management Inc. grew its position in Douglas Emmett by 9.7% during the 1st quarter. Victory Capital Management Inc. now owns 1,747,751 shares of the real estate investment trust's stock valued at $27,964,000 after purchasing an additional 153,842 shares during the last quarter. Hedge funds and other institutional investors own 97.37% of the company's stock.

Wall Street Analyst Weigh In

DEI has been the subject of a number of research analyst reports. BMO Capital Markets set a $17.00 price target on shares of Douglas Emmett and gave the stock a "market perform" rating in a research note on Wednesday, July 16th. Piper Sandler lowered their price target on shares of Douglas Emmett from $20.00 to $18.00 and set an "overweight" rating on the stock in a report on Friday, May 23rd. Scotiabank reduced their price objective on shares of Douglas Emmett from $21.00 to $19.00 and set a "sector outperform" rating on the stock in a research report on Monday, July 14th. Wall Street Zen cut shares of Douglas Emmett from a "hold" rating to a "sell" rating in a research report on Saturday, August 9th. Finally, Wells Fargo & Company reduced their price target on shares of Douglas Emmett from $20.00 to $16.00 and set an "overweight" rating on the stock in a research report on Monday, May 19th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, Douglas Emmett has an average rating of "Hold" and an average target price of $17.78.

Douglas Emmett Price Performance

Douglas Emmett stock traded down $0.25 during trading on Thursday, reaching $14.71. The company had a trading volume of 458,929 shares, compared to its average volume of 1,930,099. The firm's 50-day simple moving average is $15.20 and its 200 day simple moving average is $15.39. Douglas Emmett, Inc. has a 1-year low of $12.39 and a 1-year high of $20.50. The firm has a market capitalization of $2.46 billion, a PE ratio of 66.84 and a beta of 1.26. The company has a debt-to-equity ratio of 1.55, a quick ratio of 3.89 and a current ratio of 3.49.

Douglas Emmett (NYSE:DEI - Get Free Report) last posted its quarterly earnings results on Tuesday, August 5th. The real estate investment trust reported $0.37 EPS for the quarter, hitting the consensus estimate of $0.37. The business had revenue of $252.43 million for the quarter, compared to analyst estimates of $250.98 million. Douglas Emmett had a return on equity of 1.04% and a net margin of 3.77%. The company's quarterly revenue was up 2.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.46 EPS. As a group, equities research analysts anticipate that Douglas Emmett, Inc. will post 1.45 earnings per share for the current fiscal year.

Douglas Emmett Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Monday, June 30th were paid a dividend of $0.19 per share. The ex-dividend date was Monday, June 30th. This represents a $0.76 annualized dividend and a yield of 5.2%. Douglas Emmett's 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.