Douglas Emmett, Inc. (NYSE:DEI) Given Average Rating of “Hold” by Brokerages

Douglas Emmett, Inc. (NYSE:DEI) has earned an average recommendation of “Hold” from the five research firms that are covering the company, MarketBeat.com reports. Five research analysts have rated the stock with a hold recommendation. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $14.00.

Separately, StockNews.com upgraded Douglas Emmett from a “sell” rating to a “hold” rating in a report on Monday, May 20th.

Insider Buying and Selling

In related news, Director William E. Simon, Jr. purchased 45,000 shares of the business’s stock in a transaction that occurred on Monday, June 10th. The shares were bought at an average cost of $13.15 per share, with a total value of $591,750.00. Following the acquisition, the director now owns 45,000 shares of the company’s stock, valued at $591,750. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 14.70% of the stock is currently owned by corporate insiders.

Institutional Trading of Douglas Emmett

A number of hedge funds and other institutional investors have recently made changes to their positions in DEI. Vanguard Group Inc. grew its holdings in Douglas Emmett by 0.9% during the 4th quarter. Vanguard Group Inc. now owns 26,187,297 shares of the real estate investment trust’s stock valued at $379,716,000 after buying an additional 229,301 shares in the last quarter. Wellington Management Group LLP boosted its position in shares of Douglas Emmett by 1.7% in the fourth quarter. Wellington Management Group LLP now owns 9,358,733 shares of the real estate investment trust’s stock valued at $135,702,000 after acquiring an additional 156,761 shares during the period. Massachusetts Financial Services Co. MA grew its stake in Douglas Emmett by 2.1% during the second quarter. Massachusetts Financial Services Co. MA now owns 8,090,198 shares of the real estate investment trust’s stock valued at $107,681,000 after acquiring an additional 165,425 shares in the last quarter. First Pacific Advisors LP lifted its stake in Douglas Emmett by 10.5% in the 4th quarter. First Pacific Advisors LP now owns 5,546,488 shares of the real estate investment trust’s stock worth $80,424,000 after purchasing an additional 527,036 shares in the last quarter. Finally, Centersquare Investment Management LLC lifted its stake in Douglas Emmett by 20.8% in the 1st quarter. Centersquare Investment Management LLC now owns 4,363,009 shares of the real estate investment trust’s stock worth $59,817,000 after purchasing an additional 751,419 shares in the last quarter. 97.37% of the stock is currently owned by institutional investors.

Douglas Emmett Trading Down 2.9 %

DEI opened at $14.82 on Monday. The company has a market cap of $2.48 billion, a P/E ratio of -47.81 and a beta of 1.09. The company has a fifty day moving average price of $14.14 and a two-hundred day moving average price of $13.77. The company has a current ratio of 4.42, a quick ratio of 4.42 and a debt-to-equity ratio of 1.45. Douglas Emmett has a 1-year low of $10.76 and a 1-year high of $16.57.

Douglas Emmett Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 16th. Stockholders of record on Friday, June 28th were issued a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 5.13%. The ex-dividend date of this dividend was Friday, June 28th. Douglas Emmett’s dividend payout ratio is presently -245.16%.

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.