First Trust Advisors LP Lowers Position in Douglas Emmett, Inc. (NYSE:DEI)

First Trust Advisors LP trimmed its stake in Douglas Emmett, Inc. (NYSE:DEI - Free Report) by 38.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 113,904 shares of the real estate investment trust's stock after selling 70,118 shares during the period. First Trust Advisors LP owned about 0.07% of Douglas Emmett worth $2,114,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of DEI. FMR LLC raised its holdings in shares of Douglas Emmett by 59.6% during the fourth quarter. FMR LLC now owns 7,794,304 shares of the real estate investment trust's stock valued at $144,662,000 after purchasing an additional 2,910,490 shares during the period. JPMorgan Chase & Co. increased its position in shares of Douglas Emmett by 130.6% during the fourth quarter. JPMorgan Chase & Co. now owns 2,684,597 shares of the real estate investment trust's stock worth $49,826,000 after acquiring an additional 1,520,348 shares in the last quarter. Norges Bank acquired a new stake in shares of Douglas Emmett in the 4th quarter worth about $23,526,000. Marshall Wace LLP acquired a new stake in shares of Douglas Emmett in the 4th quarter worth about $9,045,000. Finally, Raymond James Financial Inc. acquired a new position in Douglas Emmett during the 4th quarter valued at about $7,829,000. 97.37% of the stock is owned by institutional investors.

Douglas Emmett Stock Performance

Shares of Douglas Emmett stock traded down $0.01 on Friday, reaching $14.48. 2,100,111 shares of the company traded hands, compared to its average volume of 1,699,965. Douglas Emmett, Inc. has a 52 week low of $12.39 and a 52 week 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 50 day moving average of $14.98 and a 200 day moving average of $17.05. The firm has a market capitalization of $2.42 billion, a PE ratio of 111.39 and a beta of 1.21.

Douglas Emmett (NYSE:DEI - Get Free Report) last released its quarterly earnings data 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 the consensus estimate of $246.49 million. Douglas Emmett had a net margin of 2.38% and a return on equity of 0.63%. Douglas Emmett's revenue for the quarter was up 2.9% on a year-over-year basis. During the same period last year, the firm earned $0.45 EPS. Equities analysts forecast that Douglas Emmett, Inc. will post 1.45 earnings per share for the current year.

Douglas Emmett Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 5.25%. The ex-dividend date of this dividend was Monday, March 31st. Douglas Emmett's payout ratio is presently 584.62%.

Wall Street Analysts Forecast Growth

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

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.