Vident Advisory LLC Lowers Holdings in Douglas Emmett, Inc. (NYSE:DEI)

Vident Advisory LLC reduced its stake in Douglas Emmett, Inc. (NYSE:DEI - Free Report) by 38.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 30,384 shares of the real estate investment trust's stock after selling 19,219 shares during the period. Vident Advisory LLC's holdings in Douglas Emmett were worth $564,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Tower Research Capital LLC TRC increased its stake in Douglas Emmett by 203.9% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,927 shares of the real estate investment trust's stock worth $54,000 after purchasing an additional 1,964 shares during the period. Smartleaf Asset Management LLC increased its stake in Douglas Emmett by 222.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 4,252 shares of the real estate investment trust's stock worth $79,000 after purchasing an additional 2,933 shares during the period. Sterling Capital Management LLC increased its stake in Douglas Emmett by 808.8% in the 4th quarter. Sterling Capital Management LLC now owns 5,089 shares of the real estate investment trust's stock worth $94,000 after purchasing an additional 4,529 shares during the period. FIL Ltd increased its stake in Douglas Emmett by 19.0% in the 4th quarter. FIL Ltd now owns 5,546 shares of the real estate investment trust's stock worth $103,000 after purchasing an additional 884 shares during the period. Finally, KBC Group NV grew its position in shares of Douglas Emmett by 41.1% in the 4th quarter. KBC Group NV now owns 6,926 shares of the real estate investment trust's stock worth $129,000 after buying an additional 2,018 shares during the last quarter. 97.37% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have recently weighed in on DEI. Jefferies Financial Group began coverage on Douglas Emmett in a research report on Monday, March 17th. They issued a "hold" rating and a $16.00 price objective on the stock. 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 research report on Monday, May 19th. Wall Street Zen upgraded Douglas Emmett from a "sell" rating to a "hold" rating in a research report on Monday, May 12th. Finally, Piper Sandler cut their price objective on Douglas Emmett from $20.00 to $18.00 and set an "overweight" rating on the stock in a research report on Friday, May 23rd. Six 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.com, Douglas Emmett presently has a consensus rating of "Hold" and an average price target of $18.13.

Douglas Emmett Stock Down 2.3%

Shares of NYSE DEI traded down $0.34 during mid-day trading on Friday, hitting $14.20. 2,006,859 shares of the stock traded hands, compared to its average volume of 1,744,065. 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 52 week low of $12.39 and a 52 week high of $20.50. The company has a market cap of $2.38 billion, a price-to-earnings ratio of 109.24 and a beta of 1.21. The stock has a fifty day moving average price of $14.40 and a 200-day moving average price of $16.61.

Douglas Emmett (NYSE:DEI - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The real estate investment trust reported $0.40 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.39 by $0.01. The business had revenue of $251.54 million during the quarter, compared to analysts' expectations of $246.49 million. Douglas Emmett had a return on equity of 0.63% and a net margin of 2.38%. The firm's quarterly revenue was up 2.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.45 earnings per share. Research analysts anticipate that Douglas Emmett, Inc. will post 1.45 EPS for the current year.

Douglas Emmett Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be paid a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 5.35%. The ex-dividend date is Monday, June 30th. Douglas Emmett's payout ratio is 237.50%.

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.