Douglas Emmett, Inc. (NYSE:DEI) Stock Holdings Trimmed by First Manhattan CO. LLC.

First Manhattan CO. LLC. lowered its stake in Douglas Emmett, Inc. (NYSE:DEI - Free Report) by 2.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor 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 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the stock. Summit Investment Advisors Inc. grew its stake in shares of Douglas Emmett by 4.6% in the fourth quarter. Summit Investment Advisors Inc. now owns 16,895 shares of the real estate investment trust's stock valued at $314,000 after buying an additional 738 shares in the last quarter. GAMMA Investing LLC grew its stake in Douglas Emmett by 19.7% during 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 in the last quarter. Sumitomo Mitsui Trust Group Inc. grew its stake in Douglas Emmett by 0.5% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 182,461 shares of the real estate investment trust's stock valued at $3,386,000 after purchasing an additional 860 shares in the last quarter. FIL Ltd grew its stake in Douglas Emmett by 19.0% during the 4th quarter. FIL Ltd now owns 5,546 shares of the real estate investment trust's stock valued at $103,000 after purchasing an additional 884 shares in the last quarter. Finally, Xponance Inc. grew its stake in Douglas Emmett by 8.6% during the 4th quarter. Xponance Inc. now owns 11,634 shares of the real estate investment trust's stock valued at $216,000 after purchasing an additional 920 shares in the last quarter. Institutional investors and hedge funds own 97.37% of the company's stock.

Analysts Set New Price Targets

DEI has been the subject of a number of recent analyst reports. Jefferies Financial Group initiated coverage on Douglas Emmett in a research note on Monday, March 17th. They set a "hold" rating and a $16.00 price objective for the company. Piper Sandler upgraded Douglas Emmett from a "neutral" rating to an "overweight" rating and set a $20.00 price objective for the company in a research note on Monday, January 13th. StockNews.com lowered Douglas Emmett from a "hold" rating to a "sell" rating in a research note on Thursday, February 6th. Finally, Janney Montgomery Scott restated a "neutral" rating on shares of Douglas Emmett in a research note on Wednesday, January 15th. One research analyst has rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, Douglas Emmett presently has an average rating of "Hold" and an average price target of $18.50.

Douglas Emmett Stock Performance

Shares of DEI traded down $0.01 during mid-day trading on Friday, hitting $14.48. The stock had a trading volume of 2,100,111 shares, compared to its average volume of 1,702,543. The company has a market cap of $2.42 billion, a PE ratio of 111.39 and a beta of 1.21. The company's fifty day simple moving average is $14.93 and its two-hundred day simple moving average is $17.01. The company has a quick ratio of 4.09, a current ratio of 4.32 and a debt-to-equity ratio of 1.50. Douglas Emmett, Inc. has a fifty-two week low of $12.39 and a fifty-two week high of $20.50.

Douglas Emmett (NYSE:DEI - Get Free Report) last issued its earnings results on Tuesday, May 6th. The real estate investment trust reported $0.40 EPS for the quarter, topping the consensus estimate of $0.39 by $0.01. The company had revenue of $251.54 million during the quarter, compared to analyst estimates of $246.49 million. Douglas Emmett had a return on equity of 0.63% and a net margin of 2.38%. The business's revenue was up 2.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.45 EPS. On average, equities analysts expect 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, April 15th. Investors of record on Monday, March 31st were issued a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 5.25%. The ex-dividend date was Monday, March 31st. Douglas Emmett's dividend payout ratio (DPR) is 584.62%.

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.