Rhumbline Advisers Sells 17,147 Shares of Douglas Emmett, Inc. (NYSE:DEI)

Rhumbline Advisers lowered its position in shares of Douglas Emmett, Inc. (NYSE:DEI - Free Report) by 3.2% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 510,755 shares of the real estate investment trust's stock after selling 17,147 shares during the quarter. Rhumbline Advisers owned about 0.31% of Douglas Emmett worth $8,172,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Summit Investment Advisors Inc. raised its position in Douglas Emmett by 4.6% during the fourth 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 in the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its stake in Douglas Emmett by 0.5% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 182,461 shares of the real estate investment trust's stock valued at $3,386,000 after buying an additional 860 shares in the last quarter. FIL Ltd grew its position in Douglas Emmett by 19.0% in the fourth quarter. FIL Ltd now owns 5,546 shares of the real estate investment trust's stock valued at $103,000 after acquiring an additional 884 shares during the last quarter. Xponance Inc. raised its stake in Douglas Emmett by 8.6% during the fourth quarter. Xponance Inc. now owns 11,634 shares of the real estate investment trust's stock worth $216,000 after acquiring an additional 920 shares in the last quarter. Finally, HighTower Advisors LLC lifted its holdings in shares of Douglas Emmett by 6.9% in the fourth quarter. HighTower Advisors LLC now owns 14,257 shares of the real estate investment trust's stock worth $265,000 after acquiring an additional 922 shares during the last quarter. Institutional investors own 97.37% of the company's stock.

Douglas Emmett Trading Up 0.5%

Shares of NYSE DEI traded up $0.08 during midday trading on Thursday, reaching $15.04. The stock had a trading volume of 309,934 shares, compared to its average volume of 1,752,869. The company's 50 day moving average price is $14.21 and its 200 day moving average price is $16.40. The company has a debt-to-equity ratio of 1.50, a quick ratio of 4.09 and a current ratio of 4.32. Douglas Emmett, Inc. has a twelve month low of $12.39 and a twelve month high of $20.50. The firm has a market cap of $2.52 billion, a price-to-earnings ratio of 115.70 and a beta of 1.22.

Douglas Emmett (NYSE:DEI - Get Free Report) last released 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 net margin of 2.38% and a return on equity of 0.63%. The business had revenue of $251.54 million for the quarter, compared to analyst estimates of $246.49 million. During the same quarter in the previous year, the business earned $0.45 earnings per share. Douglas Emmett's revenue for the quarter was up 2.9% on a year-over-year basis. As a group, sell-side analysts expect that Douglas Emmett, Inc. will post 1.45 EPS for the current year.

Douglas Emmett Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be paid a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 5.05%. The ex-dividend date is Monday, June 30th. Douglas Emmett's dividend payout ratio (DPR) is presently 237.50%.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on DEI. Jefferies Financial Group began coverage on shares of Douglas Emmett in a research report on Monday, March 17th. They set a "hold" rating and a $16.00 price objective for the company. Piper Sandler decreased their target price on shares of Douglas Emmett from $20.00 to $18.00 and set an "overweight" rating on the stock in a research note on Friday, May 23rd. Wall Street Zen upgraded Douglas Emmett from a "sell" rating to a "hold" rating in a research note on Monday, May 12th. Finally, Wells Fargo & Company cut their price objective on Douglas Emmett from $20.00 to $16.00 and set an "overweight" rating on the stock in a report on Monday, May 19th. Six investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $18.13.

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.