Two Sigma Advisers LP Sells 76,700 Shares of Douglas Emmett, Inc. (NYSE:DEI)

Two Sigma Advisers LP decreased its holdings in shares of Douglas Emmett, Inc. (NYSE:DEI - Free Report) by 65.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 39,700 shares of the real estate investment trust's stock after selling 76,700 shares during the quarter. Two Sigma Advisers LP's holdings in Douglas Emmett were worth $737,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of DEI. Massachusetts Financial Services Co. MA grew its holdings in Douglas Emmett by 1.6% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 7,943,811 shares of the real estate investment trust's stock worth $147,437,000 after acquiring an additional 125,727 shares during the period. 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 worth $144,662,000 after purchasing an additional 2,910,490 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in Douglas Emmett by 0.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,812,708 shares of the real estate investment trust's stock valued at $70,764,000 after purchasing an additional 14,886 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in Douglas Emmett by 130.6% in the fourth quarter. JPMorgan Chase & Co. now owns 2,684,597 shares of the real estate investment trust's stock valued at $49,826,000 after purchasing an additional 1,520,348 shares during the last quarter. Finally, Hsbc Holdings PLC lifted its stake in Douglas Emmett by 0.4% in the fourth quarter. Hsbc Holdings PLC now owns 2,508,153 shares of the real estate investment trust's stock valued at $46,265,000 after buying an additional 9,876 shares during the period. Institutional investors and hedge funds own 97.37% of the company's stock.

Wall Street Analyst Weigh In

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

Douglas Emmett Trading Up 0.2%

Shares of NYSE:DEI traded up $0.03 during midday trading on Thursday, hitting $14.42. 422,504 shares of the stock were exchanged, compared to its average volume of 1,738,962. The business's 50-day moving average price is $14.29 and its 200 day moving average price is $16.54. 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 $2.41 billion, a price-to-earnings ratio of 110.89 and a beta of 1.21. 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 (NYSE:DEI - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The real estate investment trust reported $0.40 EPS 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 during the quarter, compared to analysts' expectations of $246.49 million. During the same period last year, the company posted $0.45 earnings per share. The business's quarterly revenue was up 2.9% on a year-over-year basis. Analysts predict that Douglas Emmett, Inc. will post 1.45 earnings per share 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 given a dividend of $0.19 per share. The ex-dividend date of this dividend is Monday, June 30th. This represents a $0.76 dividend on an annualized basis and a yield of 5.27%. Douglas Emmett's dividend payout ratio is presently 237.50%.

Douglas Emmett Company 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.