Douglas Emmett, Inc. (NYSE:DEI) Shares Purchased by Franklin Resources Inc.

Franklin Resources Inc. raised its stake in shares of Douglas Emmett, Inc. (NYSE:DEI) by 6.1% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 103,493 shares of the real estate investment trust’s stock after purchasing an additional 5,965 shares during the period. Franklin Resources Inc.’s holdings in Douglas Emmett were worth $1,866,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Raymond James & Associates increased its position in Douglas Emmett by 50.6% during the 2nd quarter. Raymond James & Associates now owns 431,342 shares of the real estate investment trust’s stock worth $5,741,000 after purchasing an additional 144,995 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Douglas Emmett by 1.0% in the second quarter. Bank of New York Mellon Corp now owns 2,417,865 shares of the real estate investment trust’s stock valued at $32,182,000 after purchasing an additional 24,272 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd grew its stake in shares of Douglas Emmett by 15.9% during the second quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 30,537 shares of the real estate investment trust’s stock valued at $406,000 after acquiring an additional 4,191 shares in the last quarter. Van ECK Associates Corp increased its holdings in Douglas Emmett by 6.2% during the 2nd quarter. Van ECK Associates Corp now owns 28,119 shares of the real estate investment trust’s stock worth $374,000 after purchasing an additional 1,650 shares during the last quarter. Finally, Natixis Advisors LLC boosted its stake in shares of Douglas Emmett by 66.8% during the 2nd quarter. Natixis Advisors LLC now owns 51,678 shares of the real estate investment trust’s stock valued at $688,000 after buying an additional 20,689 shares during the last quarter. 97.37% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Citigroup increased their price target 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. Scotiabank raised Douglas Emmett from a “sector perform” rating to a “sector outperform” rating and increased their price objective for the stock from $16.00 to $21.00 in a report on Thursday, November 14th. Evercore ISI raised their target price on shares of Douglas Emmett from $16.00 to $19.00 and gave the company an “in-line” rating in a research note on Thursday, November 7th. JPMorgan Chase & Co. raised their target price on Douglas Emmett from $15.00 to $18.00 and gave the company a “neutral” rating in a research note on Monday, September 9th. Finally, Wells Fargo & Company raised their price objective on shares of Douglas Emmett from $15.00 to $17.00 and gave the company an “overweight” rating in a research report on Wednesday, September 11th. Six investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $17.43.

Douglas Emmett Stock Up 0.9 %

Shares of Douglas Emmett stock opened at $18.99 on Friday. The company has a current ratio of 4.09, a quick ratio of 4.09 and a debt-to-equity ratio of 1.51. The company has a market cap of $3.18 billion, a P/E ratio of -189.90 and a beta of 1.11. The stock has a 50-day moving average price of $18.88 and a 200 day moving average price of $16.62. Douglas Emmett, Inc. has a 1 year low of $12.35 and a 1 year high of $20.50.

Douglas Emmett (NYSE:DEI) last issued its earnings results 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 analysts’ expectations of $242.75 million. During the same quarter last year, the firm earned $0.45 EPS. The business’s revenue for the quarter was down 1.8% compared to the same quarter last year. As a group, analysts expect that Douglas Emmett, Inc. will post 1.7 EPS for the current fiscal year.

Douglas Emmett Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 4.00%. The ex-dividend date of this dividend is Tuesday, December 31st. Douglas Emmett’s payout ratio is -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.