308,655 Shares in Douglas Emmett, Inc. (NYSE:DEI) Acquired by Universal Beteiligungs und Servicegesellschaft mbH

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH acquired 308,655 shares of Douglas Emmett, Inc. (NYSE:DEI), valued at approximately $4.94 million, representing 0.18% of the company's stock.
• Douglas Emmett recently reported a quarterly EPS of $0.40, beating estimates, with revenue of $251.54 million, a 2.9% increase from the previous year.
• The company declared a quarterly dividend of $0.19 per share, which translates to an annual yield of 4.89%, despite a high dividend payout ratio of 237.50%.

Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in Douglas Emmett, Inc. (NYSE:DEI - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 308,655 shares of the real estate investment trust's stock, valued at approximately $4,938,000. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.18% of Douglas Emmett at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the business. Tower Research Capital LLC TRC boosted its position in shares of Douglas Emmett by 203.9% during the fourth quarter. Tower Research Capital LLC TRC now owns 2,927 shares of the real estate investment trust's stock worth $54,000 after buying an additional 1,964 shares during the period. GF Fund Management CO. LTD. acquired a new position in shares of Douglas Emmett during the fourth quarter worth about $56,000. Sterling Capital Management LLC boosted its position in shares of Douglas Emmett by 808.8% during the fourth quarter. Sterling Capital Management LLC now owns 5,089 shares of the real estate investment trust's stock worth $94,000 after buying an additional 4,529 shares during the period. FIL Ltd boosted its position in shares of Douglas Emmett by 19.0% during the fourth quarter. FIL Ltd now owns 5,546 shares of the real estate investment trust's stock worth $103,000 after buying an additional 884 shares during the period. Finally, KBC Group NV boosted its position in shares of Douglas Emmett by 39.6% during the first quarter. KBC Group NV now owns 9,669 shares of the real estate investment trust's stock worth $155,000 after buying an additional 2,743 shares during the period. 97.37% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. Scotiabank reduced their price objective on Douglas Emmett from $21.00 to $19.00 and set a "sector outperform" rating for the company in a research report on Monday, July 14th. Piper Sandler reduced their price target on Douglas Emmett from $20.00 to $18.00 and set an "overweight" rating for the company in a research report on Friday, May 23rd. BMO Capital Markets set a $17.00 price target on Douglas Emmett and gave the company a "market perform" rating in a research report on Wednesday, July 16th. Wells Fargo & Company reduced their price target on Douglas Emmett from $20.00 to $16.00 and set an "overweight" rating for the company in a research report on Monday, May 19th. Finally, Wall Street Zen raised Douglas Emmett from a "sell" rating to a "hold" rating in a research report on Monday, May 12th. Seven equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, Douglas Emmett has a consensus rating of "Hold" and a consensus price target of $17.78.

Douglas Emmett Price Performance

Shares of DEI stock traded down $0.09 during trading hours on Thursday, reaching $15.31. The company's stock had a trading volume of 310,661 shares, compared to its average volume of 1,933,276. The company has a market capitalization of $2.56 billion, a price-to-earnings ratio of 47.80 and a beta of 1.23. Douglas Emmett, Inc. has a fifty-two week low of $12.39 and a fifty-two week high of $20.50. The company has a quick ratio of 3.89, a current ratio of 3.89 and a debt-to-equity ratio of 1.54. The firm's 50 day simple moving average is $15.11 and its 200-day simple moving average is $15.57.

Douglas Emmett (NYSE:DEI - Get Free Report) last issued its quarterly earnings data 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. The business had revenue of $251.54 million for the quarter, compared to analyst estimates of $246.49 million. Douglas Emmett had a return on equity of 1.48% and a net margin of 5.48%. Douglas Emmett's quarterly revenue was up 2.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.45 EPS. Sell-side 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 given a $0.19 dividend. The ex-dividend date of this dividend was Monday, June 30th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 4.97%. Douglas Emmett's dividend payout ratio (DPR) 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.