Swedbank AB Has $795,000 Stock Holdings in Douglas Emmett, Inc. (NYSE:DEI)

Swedbank AB boosted its holdings in shares of Douglas Emmett, Inc. (NYSE:DEI) by 23.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 45,255 shares of the real estate investment trust’s stock after buying an additional 8,468 shares during the period. Swedbank AB’s holdings in Douglas Emmett were worth $795,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Manning & Napier Advisors LLC purchased a new stake in shares of Douglas Emmett in the second quarter valued at about $3,825,000. SG Americas Securities LLC raised its holdings in shares of Douglas Emmett by 623.3% in the second quarter. SG Americas Securities LLC now owns 157,156 shares of the real estate investment trust’s stock valued at $2,092,000 after purchasing an additional 135,428 shares during the last quarter. The Manufacturers Life Insurance Company raised its holdings in shares of Douglas Emmett by 3.6% in the second quarter. The Manufacturers Life Insurance Company now owns 91,554 shares of the real estate investment trust’s stock valued at $1,219,000 after purchasing an additional 3,183 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Douglas Emmett by 8.1% in the second quarter. Dimensional Fund Advisors LP now owns 2,495,263 shares of the real estate investment trust’s stock valued at $33,212,000 after purchasing an additional 186,385 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Douglas Emmett by 34.8% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 6,497 shares of the real estate investment trust’s stock valued at $114,000 after purchasing an additional 1,677 shares during the last quarter. Institutional investors and hedge funds own 97.37% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the stock. Evercore ISI raised their price objective on shares of Douglas Emmett from $16.00 to $19.00 and gave the stock an “in-line” rating in a report on Thursday, November 7th. Piper Sandler raised their price objective on shares of Douglas Emmett from $15.00 to $16.00 and gave the stock a “neutral” rating in a report on Monday, August 12th. JPMorgan Chase & Co. raised their price objective on shares of Douglas Emmett from $15.00 to $18.00 and gave the stock a “neutral” rating in a report on Monday, September 9th. Wells Fargo & Company raised their price objective on shares of Douglas Emmett from $15.00 to $17.00 and gave the stock an “overweight” rating in a report on Wednesday, September 11th. Finally, Citigroup increased their target price on shares of Douglas Emmett from $14.00 to $16.00 and gave the stock a “neutral” rating in a research report on Thursday, September 12th. Six equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, Douglas Emmett presently has an average rating of “Hold” and a consensus target price of $17.43.

Douglas Emmett Price Performance

DEI stock opened at $19.58 on Thursday. The firm has a 50 day moving average of $18.22 and a 200-day moving average of $15.86. The company has a current ratio of 4.09, a quick ratio of 4.09 and a debt-to-equity ratio of 1.51. Douglas Emmett, Inc. has a 12 month low of $11.09 and a 12 month high of $19.80. The firm has a market capitalization of $3.28 billion, a P/E ratio of -195.80 and a beta of 1.10.

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 firm had revenue of $250.75 million during the quarter, compared to the consensus estimate of $242.75 million. During the same quarter last year, the business posted $0.45 earnings per share. Douglas Emmett’s revenue was down 1.8% compared to the same quarter last year. As a group, sell-side analysts predict that Douglas Emmett, Inc. will post 1.7 earnings per share for the current fiscal year.

Douglas Emmett Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 16th. Investors of record on Monday, September 30th were paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 3.88%. The ex-dividend date of this dividend was Monday, September 30th. Douglas Emmett’s dividend 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.