New Age Alpha Advisors LLC Decreases Stake in Douglas Emmett, Inc. (NYSE:DEI)

Key Points

• New Age Alpha Advisors LLC reduced its stake in Douglas Emmett, Inc. by 26.3%, selling 26,934 shares, and now owns 75,298 shares valued at approximately $1.2 million.
• Several institutional investors have significantly increased their positions in Douglas Emmett, with FMR LLC growing its holdings by 59.6%, now owning nearly 7.8 million shares.
• Douglas Emmett has a current average stock rating of "Hold" and a consensus price target of $17.78, with recent dividend announcements reflecting a yield of 5.2% based on a quarterly payout of $0.19 per share.

New Age Alpha Advisors LLC lessened its holdings in shares of Douglas Emmett, Inc. (NYSE:DEI - Free Report) by 26.3% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 75,298 shares of the real estate investment trust's stock after selling 26,934 shares during the quarter. New Age Alpha Advisors LLC's holdings in Douglas Emmett were worth $1,205,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. FMR LLC grew its stake in shares of Douglas Emmett by 59.6% during the fourth quarter. FMR LLC now owns 7,794,304 shares of the real estate investment trust's stock valued at $144,662,000 after acquiring an additional 2,910,490 shares in the last quarter. Jefferies Financial Group Inc. increased its holdings in shares of Douglas Emmett by 4,052.8% in the first quarter. Jefferies Financial Group Inc. now owns 682,841 shares of the real estate investment trust's stock valued at $10,925,000 after buying an additional 666,398 shares in the last quarter. Northern Trust Corp increased its holdings in shares of Douglas Emmett by 29.3% in the fourth quarter. Northern Trust Corp now owns 2,268,759 shares of the real estate investment trust's stock valued at $42,108,000 after buying an additional 514,034 shares in the last quarter. Marshall Wace LLP bought a new position in shares of Douglas Emmett in the fourth quarter valued at $9,045,000. Finally, Raymond James Financial Inc. purchased a new position in Douglas Emmett during the 4th quarter worth approximately $7,829,000. 97.37% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

DEI has been the topic of several research analyst reports. Wall Street Zen cut shares of Douglas Emmett from a "hold" rating to a "sell" rating in a report on Saturday. 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 report on Wednesday, July 16th. Wells Fargo & Company dropped their price objective on shares of Douglas Emmett from $20.00 to $16.00 and set an "overweight" rating for the company in a report on Monday, May 19th. Scotiabank cut their price target on Douglas Emmett from $21.00 to $19.00 and set a "sector outperform" rating for the company in a report on Monday, July 14th. Finally, Piper Sandler lowered their price target on shares of Douglas Emmett from $20.00 to $18.00 and set an "overweight" rating for the company in a report on Friday, May 23rd. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $17.78.

Douglas Emmett Trading Up 2.2%

Shares of NYSE:DEI traded up $0.31 during midday trading on Tuesday, hitting $14.37. 244,707 shares of the stock traded hands, compared to its average volume of 1,937,496. The stock has a market capitalization of $2.41 billion, a PE ratio of 65.30 and a beta of 1.26. The company has a quick ratio of 3.89, a current ratio of 3.49 and a debt-to-equity ratio of 1.55. Douglas Emmett, Inc. has a one year low of $12.39 and a one year high of $20.50. The business's 50 day moving average is $15.19 and its two-hundred day moving average is $15.40.

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

Douglas Emmett Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders 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 dividend on an annualized basis and a yield of 5.3%. Douglas Emmett's dividend payout ratio is presently 345.45%.

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.