Douglas Emmett, Inc. (NYSE:DEI) Stock Holdings Lessened by First Trust Advisors LP

First Trust Advisors LP reduced its stake in shares of Douglas Emmett, Inc. (NYSE:DEI - Free Report) by 38.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 113,904 shares of the real estate investment trust's stock after selling 70,118 shares during the quarter. First Trust Advisors LP owned 0.07% of Douglas Emmett worth $2,114,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Smartleaf Asset Management LLC increased its holdings in shares of Douglas Emmett by 222.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 4,252 shares of the real estate investment trust's stock worth $79,000 after acquiring an additional 2,933 shares during the last quarter. GAMMA Investing LLC raised its position in Douglas Emmett by 19.7% in the fourth 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 last quarter. Raleigh Capital Management Inc. raised its position in Douglas Emmett by 30.4% in the fourth quarter. Raleigh Capital Management Inc. now owns 5,028 shares of the real estate investment trust's stock valued at $93,000 after purchasing an additional 1,172 shares during the last quarter. Sterling Capital Management LLC raised 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 acquiring an additional 4,529 shares during the last quarter. Finally, FIL Ltd increased its holdings in Douglas Emmett by 19.0% in the fourth 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 in the last quarter. Institutional investors own 97.37% of the company's stock.

Douglas Emmett Price Performance

Shares of DEI stock traded down $0.01 during mid-day trading on Friday, hitting $14.48. 2,100,111 shares of the stock were exchanged, compared to its average volume of 1,702,543. Douglas Emmett, Inc. has a 52-week low of $12.39 and a 52-week high of $20.50. The company has a quick ratio of 4.09, a current ratio of 4.32 and a debt-to-equity ratio of 1.50. The firm has a fifty day moving average of $14.93 and a 200 day moving average of $17.01. The company has a market cap of $2.42 billion, a PE ratio of 111.39 and a beta of 1.21.

Douglas Emmett (NYSE:DEI - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The real estate investment trust reported $0.40 earnings per share (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 the consensus estimate of $246.49 million. During the same quarter last year, the firm earned $0.45 EPS. The business's revenue was up 2.9% compared to the same quarter last year. Research analysts anticipate that Douglas Emmett, Inc. will post 1.45 earnings per share for the current year.

Douglas Emmett Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders 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 payout ratio is 584.62%.

Analyst Ratings Changes

Several brokerages recently issued reports on DEI. StockNews.com cut Douglas Emmett from a "hold" rating to a "sell" rating in a research report on Thursday, February 6th. Piper Sandler upgraded Douglas Emmett from a "neutral" rating to an "overweight" rating and set a $20.00 target price for the company in a research report on Monday, January 13th. Jefferies Financial Group started coverage on Douglas Emmett in a report on Monday, March 17th. They issued a "hold" rating and a $16.00 price objective for the company. Finally, Janney Montgomery Scott reaffirmed a "neutral" rating on shares of Douglas Emmett in a research report on Wednesday, January 15th. One research analyst has rated the stock with a sell rating, five have issued 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 price target 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.