Douglas Emmett, Inc. (NYSE:DEI) Stake Decreased by Principal Financial Group Inc.

Principal Financial Group Inc. trimmed its holdings in Douglas Emmett, Inc. (NYSE:DEI) by 4.4% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 788,777 shares of the real estate investment trust’s stock after selling 36,292 shares during the quarter. Principal Financial Group Inc.’s holdings in Douglas Emmett were worth $13,859,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Geode Capital Management LLC grew its stake in shares of Douglas Emmett by 0.7% in the third quarter. Geode Capital Management LLC now owns 4,171,839 shares of the real estate investment trust’s stock worth $73,312,000 after purchasing an additional 26,961 shares in the last quarter. The Manufacturers Life Insurance Company lifted its holdings in 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 worth $1,219,000 after purchasing an additional 3,183 shares during the period. Charles Schwab Investment Management Inc. grew its position in Douglas Emmett by 3.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,797,822 shares of the real estate investment trust’s stock valued at $66,728,000 after buying an additional 127,274 shares in the last quarter. Intech Investment Management LLC acquired a new position in Douglas Emmett during the 3rd quarter valued at about $650,000. Finally, Dimensional Fund Advisors LP raised its position in shares of Douglas Emmett by 8.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,495,263 shares of the real estate investment trust’s stock worth $33,212,000 after buying an additional 186,385 shares in the last quarter. 97.37% of the stock is currently owned by institutional investors and hedge funds.

Douglas Emmett Stock Performance

DEI opened at $18.63 on Friday. The business has a fifty day simple moving average of $18.86 and a 200-day simple moving average of $16.70. The firm has a market cap of $3.12 billion, a PE ratio of -186.30 and a beta of 1.11. The company has a quick ratio of 4.09, a current ratio of 4.09 and a debt-to-equity ratio of 1.51. Douglas Emmett, Inc. has a fifty-two week low of $12.35 and a fifty-two week high of $20.50.

Douglas Emmett (NYSE:DEI) last issued its quarterly earnings results on Monday, November 4th. The real estate investment trust reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.38). Douglas Emmett had a negative return on equity of 0.43% and a negative net margin of 1.68%. The company had revenue of $250.75 million during the quarter, compared to analysts’ expectations of $242.75 million. During the same period in the prior year, the business posted $0.45 EPS. The company’s revenue for the quarter was down 1.8% compared to the same quarter last year. As a group, equities analysts predict that Douglas Emmett, Inc. will post 1.7 EPS for the current fiscal year.

Douglas Emmett Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be given a $0.19 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.76 annualized dividend and a dividend yield of 4.08%. Douglas Emmett’s dividend payout ratio (DPR) is presently -760.00%.

Wall Street Analyst Weigh In

DEI has been the subject of several recent analyst reports. Citigroup increased their price objective on shares of Douglas Emmett from $14.00 to $16.00 and gave the company a “neutral” rating in a report on Thursday, September 12th. Evercore ISI lifted their price target on Douglas Emmett from $16.00 to $19.00 and gave the company an “in-line” rating in a research report on Thursday, November 7th. Wells Fargo & Company boosted their price objective on Douglas Emmett from $15.00 to $17.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 11th. 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, Scotiabank upgraded shares of Douglas Emmett from a “sector perform” rating to a “sector outperform” rating and boosted their price target for the stock from $16.00 to $21.00 in a research report on Thursday, November 14th. Six analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $17.43.

Douglas Emmett 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.