Wellington Management Group LLP Sells 1,437,980 Shares of Douglas Emmett, Inc. (NYSE:DEI)

Wellington Management Group LLP lessened its position in shares of Douglas Emmett, Inc. (NYSE:DEI) by 12.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,692,738 shares of the real estate investment trust’s stock after selling 1,437,980 shares during the period. Wellington Management Group LLP owned approximately 5.79% of Douglas Emmett worth $179,897,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in DEI. Pictet Asset Management Holding SA grew its holdings in Douglas Emmett by 8.9% in the 4th quarter. Pictet Asset Management Holding SA now owns 53,832 shares of the real estate investment trust’s stock valued at $999,000 after buying an additional 4,413 shares in the last quarter. Nomura Asset Management Co. Ltd. boosted its position in shares of Douglas Emmett by 4.8% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 221,500 shares of the real estate investment trust’s stock valued at $4,111,000 after acquiring an additional 10,100 shares during the period. New Age Alpha Advisors LLC acquired a new position in shares of Douglas Emmett in the fourth quarter valued at about $1,897,000. Norges Bank acquired a new stake in Douglas Emmett in the 4th quarter worth about $23,526,000. Finally, JPMorgan Chase & Co. raised its stake in Douglas Emmett by 130.6% in the 4th quarter. JPMorgan Chase & Co. now owns 2,684,597 shares of the real estate investment trust’s stock worth $49,826,000 after purchasing an additional 1,520,348 shares in the last quarter. Institutional investors and hedge funds own 97.37% of the company’s stock.

Douglas Emmett Price Performance

DEI stock opened at $16.31 on Thursday. Douglas Emmett, Inc. has a 1 year low of $12.50 and a 1 year 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 stock has a market cap of $2.73 billion, a price-to-earnings ratio of 125.47 and a beta of 1.13. The company has a 50 day simple moving average of $16.80 and a 200 day simple moving average of $17.78.

Douglas Emmett (NYSE:DEI) last announced its quarterly earnings results on Tuesday, February 4th. The real estate investment trust reported $0.38 EPS for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.44. Douglas Emmett had a return on equity of 0.63% and a net margin of 2.38%. Research analysts anticipate that Douglas Emmett, Inc. will post 1.45 EPS for the current fiscal year.

Douglas Emmett Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be paid a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 4.66%. The ex-dividend date of this dividend is Monday, March 31st. Douglas Emmett’s dividend payout ratio is currently 584.62%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on DEI. Janney Montgomery Scott reaffirmed a “neutral” rating on shares of Douglas Emmett in a report on Wednesday, January 15th. StockNews.com cut Douglas Emmett from a “hold” rating to a “sell” rating in a report on Thursday, February 6th. Piper Sandler upgraded Douglas Emmett from a “neutral” rating to an “overweight” rating and set a $20.00 price target on the stock in a research report on Monday, January 13th. Wedbush raised shares of Douglas Emmett from a “neutral” rating to an “outperform” rating and upped their price objective for the stock from $19.00 to $21.00 in a research report on Thursday, January 2nd. Finally, Jefferies Financial Group began coverage on shares of Douglas Emmett in a report on Monday, March 17th. They issued a “hold” rating and a $16.00 target price on the stock. One 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 MarketBeat, Douglas Emmett presently has an average rating of “Hold” and an average price target of $18.50.

About Douglas Emmett

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.