Massachusetts Financial Services Co. MA Cuts Stock Holdings in Douglas Emmett, Inc. (NYSE:DEI)

Massachusetts Financial Services Co. MA reduced its position in Douglas Emmett, Inc. (NYSE:DEI - Free Report) by 38.0% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,925,176 shares of the real estate investment trust's stock after selling 3,018,635 shares during the period. Massachusetts Financial Services Co. MA owned approximately 2.94% of Douglas Emmett worth $78,803,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Tower Research Capital LLC TRC lifted its holdings in shares of Douglas Emmett by 203.9% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,927 shares of the real estate investment trust's stock worth $54,000 after purchasing an additional 1,964 shares in the last quarter. GF Fund Management CO. LTD. bought a new position in shares of Douglas Emmett in the 4th quarter worth $56,000. Sterling Capital Management LLC lifted its holdings in shares of Douglas Emmett by 808.8% in the 4th quarter. Sterling Capital Management LLC now owns 5,089 shares of the real estate investment trust's stock worth $94,000 after purchasing an additional 4,529 shares in the last quarter. FIL Ltd lifted its holdings in shares of Douglas Emmett by 19.0% in the 4th quarter. FIL Ltd now owns 5,546 shares of the real estate investment trust's stock worth $103,000 after purchasing an additional 884 shares in the last quarter. Finally, Quantbot Technologies LP lifted its holdings in shares of Douglas Emmett by 89.6% in the 4th quarter. Quantbot Technologies LP now owns 9,429 shares of the real estate investment trust's stock worth $175,000 after purchasing an additional 4,455 shares in the last quarter. 97.37% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

DEI has been the topic of several recent analyst reports. Piper Sandler dropped their price objective on Douglas Emmett from $20.00 to $18.00 and set an "overweight" rating on the stock in a research note on Friday, May 23rd. Scotiabank dropped their price objective on Douglas Emmett from $21.00 to $19.00 and set a "sector outperform" rating on the stock in a research note on Monday, July 14th. Wall Street Zen upgraded Douglas Emmett from a "sell" rating to a "hold" rating in a research note on Monday, May 12th. BMO Capital Markets set a $17.00 price objective on Douglas Emmett and gave the company a "market perform" rating in a research note on Wednesday. Finally, Wells Fargo & Company dropped their price objective on Douglas Emmett from $20.00 to $16.00 and set an "overweight" rating on the stock in a research note on Monday, May 19th. Seven research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $17.78.

Douglas Emmett Stock Performance

Shares of Douglas Emmett stock traded down $0.25 during trading hours on Friday, hitting $15.44. 1,142,077 shares of the company's stock traded hands, compared to its average volume of 1,774,790. Douglas Emmett, Inc. has a 12-month low of $12.39 and a 12-month high of $20.50. The stock has a market capitalization of $2.59 billion, a price-to-earnings ratio of 48.25 and a beta of 1.23. The company has a fifty day simple moving average of $14.97 and a 200-day simple moving average of $15.69. The company has a debt-to-equity ratio of 1.54, a current ratio of 3.89 and a quick ratio of 3.89.

Douglas Emmett (NYSE:DEI - Get Free Report) last announced its earnings results on Tuesday, May 6th. The real estate investment trust reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.01. Douglas Emmett had a return on equity of 1.48% and a net margin of 5.48%. The firm had revenue of $251.54 million during the quarter, compared to analyst estimates of $246.49 million. During the same period last year, the firm posted $0.45 EPS. The business's revenue was up 2.9% compared to the same quarter last year. Equities research analysts anticipate that Douglas Emmett, Inc. will post 1.45 EPS for the current fiscal year.

Douglas Emmett Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Monday, June 30th were issued a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 4.92%. The ex-dividend date of this dividend was Monday, June 30th. Douglas Emmett's dividend payout ratio (DPR) is currently 237.50%.

About Douglas Emmett

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.