First Manhattan CO. LLC. Sells 30,644 Shares of Douglas Emmett, Inc. (NYSE:DEI)

First Manhattan CO. LLC. reduced its stake in shares of Douglas Emmett, Inc. (NYSE:DEI - Free Report) by 2.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,157,256 shares of the real estate investment trust's stock after selling 30,644 shares during the quarter. First Manhattan CO. LLC. owned about 0.69% of Douglas Emmett worth $21,699,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. Barclays PLC lifted its position in shares of Douglas Emmett by 3.8% during the 3rd quarter. Barclays PLC now owns 293,446 shares of the real estate investment trust's stock valued at $5,155,000 after acquiring an additional 10,653 shares during the last quarter. Franklin Resources Inc. lifted its holdings in shares of Douglas Emmett by 6.1% during the third quarter. Franklin Resources Inc. now owns 103,493 shares of the real estate investment trust's stock valued at $1,866,000 after purchasing an additional 5,965 shares during the last quarter. GAMMA Investing LLC boosted its position in shares of Douglas Emmett by 19.7% in the 4th quarter. GAMMA Investing LLC now owns 4,561 shares of the real estate investment trust's stock valued at $85,000 after purchasing an additional 750 shares during the period. Nordea Investment Management AB increased its stake in Douglas Emmett by 4.0% in the 4th quarter. Nordea Investment Management AB now owns 663,262 shares of the real estate investment trust's stock worth $12,317,000 after purchasing an additional 25,737 shares in the last quarter. Finally, Aspire Private Capital LLC raised its holdings in Douglas Emmett by 73.4% during the 4th quarter. Aspire Private Capital LLC now owns 20,303 shares of the real estate investment trust's stock worth $377,000 after buying an additional 8,591 shares during the period. Institutional investors own 97.37% of the company's stock.

Douglas Emmett Price Performance

Shares of Douglas Emmett stock traded down $0.32 during trading on Wednesday, hitting $14.49. 1,038,631 shares of the company's stock traded hands, compared to its average volume of 2,105,251. Douglas Emmett, Inc. has a twelve month low of $12.39 and a twelve month high of $20.50. 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 company has a market cap of $2.43 billion, a PE ratio of 111.47 and a beta of 1.21. The firm's fifty day moving average price is $14.86 and its 200 day moving average price is $16.97.

Douglas Emmett (NYSE:DEI - Get Free Report) last posted its earnings results on Tuesday, May 6th. The real estate investment trust reported $0.40 earnings per share for the quarter, topping the consensus estimate 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 net margin of 2.38% and a return on equity of 0.63%. The firm's quarterly revenue was up 2.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.45 EPS. Analysts forecast that Douglas Emmett, Inc. will post 1.45 earnings per share for the current year.

Douglas Emmett Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were given a dividend of $0.19 per share. The ex-dividend date was Monday, March 31st. This represents a $0.76 dividend on an annualized basis and a dividend yield of 5.24%. Douglas Emmett's payout ratio is currently 237.50%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Janney Montgomery Scott reaffirmed a "neutral" rating on shares of Douglas Emmett in a research note on Wednesday, January 15th. StockNews.com raised Douglas Emmett from a "sell" rating to a "hold" rating in a research note on Monday. Finally, Jefferies Financial Group assumed coverage on Douglas Emmett in a research note on Monday, March 17th. They set a "hold" rating and a $16.00 target price on the stock. Six research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, Douglas Emmett presently has a consensus rating of "Hold" and a consensus target price of $18.50.

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.