New Age Alpha Advisors LLC Sells 26,934 Shares of 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 cut its stake in shares of Douglas Emmett, Inc. (NYSE:DEI - Free Report) by 26.3% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund 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 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in DEI. FMR LLC grew its holdings in shares of Douglas Emmett by 59.6% during 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 during the last quarter. Jefferies Financial Group Inc. grew its holdings in shares of Douglas Emmett by 4,052.8% during the 1st quarter. Jefferies Financial Group Inc. now owns 682,841 shares of the real estate investment trust's stock valued at $10,925,000 after purchasing an additional 666,398 shares during the last quarter. Northern Trust Corp grew its holdings in shares of 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. Marshall Wace LLP bought a new stake in shares of Douglas Emmett during the 4th quarter valued at approximately $9,045,000. Finally, Raymond James Financial Inc. bought a new stake in shares of Douglas Emmett during the 4th quarter valued at approximately $7,829,000. 97.37% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on DEI shares. BMO Capital Markets set a $17.00 price target on shares of Douglas Emmett and gave the company a "market perform" rating in a report on Wednesday, July 16th. Wells Fargo & Company reduced their target price on shares of Douglas Emmett from $20.00 to $16.00 and set an "overweight" rating on the stock in a report on Monday, May 19th. Scotiabank reduced their target price on shares of Douglas Emmett from $21.00 to $19.00 and set a "sector outperform" rating on the stock in a report on Monday, July 14th. Wall Street Zen raised shares of Douglas Emmett from a "sell" rating to a "hold" rating in a report on Monday, May 12th. Finally, Piper Sandler reduced their target price 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. Seven equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $17.78.

Douglas Emmett Stock Down 1.1%

Shares of NYSE DEI opened at $14.53 on Friday. The company has a market capitalization of $2.43 billion, a P/E ratio of 66.03 and a beta of 1.26. Douglas Emmett, Inc. has a 52-week low of $12.39 and a 52-week high of $20.50. The company has a debt-to-equity ratio of 1.55, a quick ratio of 3.89 and a current ratio of 3.49. The company's 50 day moving average price is $15.19 and its 200-day moving average price is $15.47.

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

Douglas Emmett Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th were given a $0.19 dividend. The ex-dividend date was Monday, June 30th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 5.2%. Douglas Emmett's payout ratio is 237.50%.

Douglas Emmett 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.

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