Douglas Emmett, Inc. (NYSE:DEI) Shares Sold by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. lessened its holdings in Douglas Emmett, Inc. (NYSE:DEI) by 3.4% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 181,601 shares of the real estate investment trust’s stock after selling 6,408 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in Douglas Emmett were worth $3,191,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of DEI. Wolverine Asset Management LLC acquired a new position in shares of Douglas Emmett in the 2nd quarter valued at $32,000. Venturi Wealth Management LLC purchased a new stake in shares of Douglas Emmett in the 3rd quarter valued at $48,000. Quarry LP raised its holdings in shares of Douglas Emmett by 155.0% in the 2nd quarter. Quarry LP now owns 4,121 shares of the real estate investment trust’s stock valued at $55,000 after buying an additional 2,505 shares during the period. Blue Trust Inc. raised its holdings in shares of Douglas Emmett by 1,081.5% in the 3rd quarter. Blue Trust Inc. now owns 3,710 shares of the real estate investment trust’s stock valued at $65,000 after buying an additional 3,396 shares during the period. Finally, GAMMA Investing LLC raised its holdings in shares of Douglas Emmett by 44.6% in the 3rd quarter. GAMMA Investing LLC now owns 3,811 shares of the real estate investment trust’s stock valued at $67,000 after buying an additional 1,175 shares during the period. Institutional investors and hedge funds own 97.37% of the company’s stock.

Wall Street Analysts Forecast Growth

DEI has been the topic of several research analyst reports. Piper Sandler boosted their price objective on Douglas Emmett from $15.00 to $16.00 and gave the company a “neutral” rating in a report on Monday, August 12th. Scotiabank upgraded Douglas Emmett from a “sector perform” rating to a “sector outperform” rating and boosted their price objective for the company from $16.00 to $21.00 in a report on Thursday, November 14th. Evercore ISI boosted their price objective on Douglas Emmett from $16.00 to $19.00 and gave the company an “in-line” rating in a report on Thursday, November 7th. JPMorgan Chase & Co. upped their price target on Douglas Emmett from $15.00 to $18.00 and gave the stock a “neutral” rating in a report on Monday, September 9th. Finally, Citigroup upped their price target on Douglas Emmett from $14.00 to $16.00 and gave the stock a “neutral” rating in a report on Thursday, September 12th. Six analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $17.43.

Douglas Emmett Trading Down 1.8 %

DEI opened at $18.05 on Tuesday. Douglas Emmett, Inc. has a one year low of $11.08 and a one year high of $19.59. The company has a market cap of $3.02 billion, a P/E ratio of -183.90 and a beta of 1.10. The company has a debt-to-equity ratio of 1.51, a quick ratio of 5.11 and a current ratio of 4.09. The business’s 50-day simple moving average is $17.79 and its 200-day simple moving average is $15.58.

Douglas Emmett (NYSE:DEI) last released its quarterly earnings data on Monday, November 4th. The real estate investment trust reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.38). Douglas Emmett had a negative net margin of 1.68% and a negative return on equity of 0.43%. The business had revenue of $250.75 million during the quarter, compared to analysts’ expectations of $242.75 million. During the same quarter in the previous year, the company posted $0.45 EPS. The company’s revenue was down 1.8% compared to the same quarter last year. As a group, equities research analysts expect that Douglas Emmett, Inc. will post 1.7 EPS for the current fiscal year.

Douglas Emmett Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 16th. Stockholders of record on Monday, September 30th were issued a $0.19 dividend. The ex-dividend date of this dividend was Monday, September 30th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 4.21%. Douglas Emmett’s payout ratio is currently -760.00%.

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.