Rhumbline Advisers Decreases Stock Holdings in Douglas Emmett, Inc. (NYSE:DEI)

Rhumbline Advisers reduced its stake in shares of Douglas Emmett, Inc. (NYSE:DEI - Free Report) by 3.2% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 510,755 shares of the real estate investment trust's stock after selling 17,147 shares during the period. Rhumbline Advisers owned approximately 0.31% of Douglas Emmett worth $8,172,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. grew its position in Douglas Emmett by 130.6% during the 4th quarter. JPMorgan Chase & Co. now owns 2,684,597 shares of the real estate investment trust's stock worth $49,826,000 after purchasing an additional 1,520,348 shares during the period. Bank of America Corp DE grew its position in shares of Douglas Emmett by 42.5% during the 4th quarter. Bank of America Corp DE now owns 609,662 shares of the real estate investment trust's stock valued at $11,315,000 after acquiring an additional 181,909 shares during the period. Empowered Funds LLC acquired a new stake in shares of Douglas Emmett during the 4th quarter valued at about $412,000. Principal Financial Group Inc. grew its position in shares of Douglas Emmett by 2.9% during the 4th quarter. Principal Financial Group Inc. now owns 811,655 shares of the real estate investment trust's stock valued at $15,064,000 after acquiring an additional 22,878 shares during the period. Finally, Cibc World Markets Corp acquired a new stake in shares of Douglas Emmett during the 4th quarter valued at about $281,000. 97.37% of the stock is owned by institutional investors and hedge funds.

Douglas Emmett Price Performance

Douglas Emmett stock traded down $0.22 during midday trading on Friday, reaching $14.92. The company had a trading volume of 1,796,939 shares, compared to its average volume of 1,762,398. The company has a debt-to-equity ratio of 1.50, a current ratio of 4.32 and a quick ratio of 4.09. The firm's fifty day simple moving average is $14.28 and its 200-day simple moving average is $16.34. Douglas Emmett, Inc. has a 12-month low of $12.39 and a 12-month high of $20.50. The company has a market capitalization of $2.50 billion, a P/E ratio of 114.74 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 for the quarter, topping analysts' consensus estimates 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 period last year, the company posted $0.45 EPS. The business's revenue was up 2.9% on a year-over-year basis. As a group, equities analysts anticipate that Douglas Emmett, Inc. will post 1.45 EPS for the current year.

Douglas Emmett Dividend Announcement

The firm also recently announced 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 dividend on an annualized basis and a yield of 5.10%. The ex-dividend date is Monday, June 30th. Douglas Emmett's dividend payout ratio (DPR) is 237.50%.

Wall Street Analysts Forecast Growth

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

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.