Teachers Advisors LLC boosted its stake in Douglas Emmett, Inc. (NYSE:DEI) by 3.3% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 200,090 shares of the real estate investment trust’s stock after buying an additional 6,471 shares during the period. Teachers Advisors LLC owned approximately 0.13% of Douglas Emmett worth $7,683,000 as of its most recent filing with the SEC.
A number of other hedge funds have also recently bought and sold shares of DEI. Envestnet Asset Management Inc. purchased a new stake in Douglas Emmett during the fourth quarter valued at about $149,000. Bank of Montreal Can boosted its stake in Douglas Emmett by 59.3% in the first quarter. Bank of Montreal Can now owns 204,989 shares of the real estate investment trust’s stock valued at $7,872,000 after buying an additional 76,305 shares in the last quarter. Capstone Asset Management Co. boosted its stake in Douglas Emmett by 3.1% in the first quarter. Capstone Asset Management Co. now owns 11,248 shares of the real estate investment trust’s stock valued at $432,000 after buying an additional 340 shares in the last quarter. Louisiana State Employees Retirement System boosted its stake in Douglas Emmett by 3.1% in the first quarter. Louisiana State Employees Retirement System now owns 36,700 shares of the real estate investment trust’s stock valued at $1,409,000 after buying an additional 1,100 shares in the last quarter. Finally, Bollard Group LLC boosted its stake in Douglas Emmett by 5.6% in the first quarter. Bollard Group LLC now owns 15,788 shares of the real estate investment trust’s stock valued at $606,000 after buying an additional 842 shares in the last quarter. Institutional investors and hedge funds own 97.43% of the company’s stock.
Shares of Douglas Emmett, Inc. (NYSE:DEI) traded down 0.63% during midday trading on Tuesday, hitting $38.15. 534,304 shares of the stock were exchanged. The stock has a market cap of $5.95 billion, a P/E ratio of 65.21 and a beta of 0.69. Douglas Emmett, Inc. has a 12 month low of $33.78 and a 12 month high of $40.79. The firm has a 50 day moving average of $38.14 and a 200-day moving average of $38.47.
Douglas Emmett (NYSE:DEI) last posted its quarterly earnings results on Tuesday, August 1st. The real estate investment trust reported $0.47 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.48 by $0.01. The company had revenue of $199.60 million during the quarter, compared to analysts’ expectations of $198.60 million. Douglas Emmett had a return on equity of 2.95% and a net margin of 12.00%. The company’s quarterly revenue was up 6.6% on a year-over-year basis. During the same period in the prior year, the business earned $0.46 EPS. Equities research analysts anticipate that Douglas Emmett, Inc. will post $0.54 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, July 14th. Shareholders of record on Friday, June 30th were issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 2.41%. The ex-dividend date was Wednesday, June 28th. Douglas Emmett’s payout ratio is 155.93%.
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DEI has been the topic of several research reports. Stifel Nicolaus upgraded shares of Douglas Emmett from a “hold” rating to a “buy” rating and raised their price objective for the company from $38.00 to $42.00 in a research report on Wednesday, August 2nd. They noted that the move was a valuation call. Zacks Investment Research upgraded shares of Douglas Emmett from a “hold” rating to a “buy” rating and set a $43.00 price objective on the stock in a research report on Tuesday, July 18th. BMO Capital Markets restated a “hold” rating and set a $39.00 price objective on shares of Douglas Emmett in a research report on Tuesday, July 4th. BidaskClub upgraded shares of Douglas Emmett from a “sell” rating to a “hold” rating in a research report on Thursday, June 15th. Finally, DA Davidson cut shares of Douglas Emmett from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $45.00 to $43.00 in a research report on Thursday, May 18th. Four equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company’s stock. Douglas Emmett has an average rating of “Hold” and a consensus price target of $39.56.
In other Douglas Emmett news, Chairman Dan A. Emmett sold 100,000 shares of the stock in a transaction dated Friday, May 19th. The shares were sold at an average price of $37.93, for a total transaction of $3,793,000.00. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Over the last quarter, insiders have sold 300,000 shares of company stock worth $11,487,000. 17.80% of the stock is owned by company insiders.
About Douglas Emmett
Douglas Emmett, Inc is a self-administered and self-managed real estate investment trust (REIT). The Company is owner and operator of office and multifamily properties located in submarkets in Los Angeles and Honolulu. The Company operates through two segments: the acquisition, development, ownership and management of office real estate (Office Segment), and the acquisition, development, ownership and management of multifamily real estate (Multifamily Segment).
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