Stifel Financial Corp Has $312,000 Stock Holdings in Douglas Emmett, Inc. (NYSE:DEI)

Stifel Financial Corp lifted its position in shares of Douglas Emmett, Inc. (NYSE:DEI) by 43.4% during the third quarter, HoldingsChannel reports. The firm owned 17,783 shares of the real estate investment trust’s stock after buying an additional 5,380 shares during the quarter. Stifel Financial Corp’s holdings in Douglas Emmett were worth $312,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Wolverine Asset Management LLC acquired a new stake in shares of Douglas Emmett during the second quarter worth about $32,000. Venturi Wealth Management LLC bought a new stake in Douglas Emmett during the 3rd quarter worth approximately $48,000. Blue Trust Inc. raised its holdings in Douglas Emmett by 1,081.5% during the 3rd quarter. Blue Trust Inc. now owns 3,710 shares of the real estate investment trust’s stock worth $65,000 after buying an additional 3,396 shares during the period. GAMMA Investing LLC lifted its stake in Douglas Emmett by 44.6% in the third quarter. GAMMA Investing LLC now owns 3,811 shares of the real estate investment trust’s stock valued at $67,000 after buying an additional 1,175 shares in the last quarter. Finally, Raleigh Capital Management Inc. boosted its holdings in shares of Douglas Emmett by 62.0% in the third quarter. Raleigh Capital Management Inc. now owns 3,856 shares of the real estate investment trust’s stock valued at $68,000 after buying an additional 1,476 shares during the period. Institutional investors and hedge funds own 97.37% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on DEI. Citigroup raised their price objective on shares of Douglas Emmett from $14.00 to $16.00 and gave the stock 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 note on Thursday, November 7th. Scotiabank upgraded 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. Wells Fargo & Company boosted their target price on Douglas Emmett from $15.00 to $17.00 and gave the company an “overweight” rating in a research note on Wednesday, September 11th. Finally, JPMorgan Chase & Co. raised their price target on shares of Douglas Emmett from $15.00 to $18.00 and gave the stock a “neutral” rating in a research note on Monday, September 9th. Six investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, Douglas Emmett presently has an average rating of “Hold” and an average price target of $17.43.

Douglas Emmett Stock Down 1.9 %

Shares of DEI opened at $18.63 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. Douglas Emmett, Inc. has a 12 month low of $12.35 and a 12 month high of $20.50. The firm’s 50 day moving average is $18.86 and its 200-day moving average is $16.70. The stock has a market capitalization of $3.12 billion, a PE ratio of -186.30 and a beta of 1.11.

Douglas Emmett (NYSE:DEI) last announced its quarterly earnings data on Monday, November 4th. The real estate investment trust reported $0.03 EPS for the quarter, missing the consensus estimate 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 for the quarter, compared to analyst estimates of $242.75 million. During the same quarter in the prior year, the firm earned $0.45 earnings per share. The firm’s revenue for the quarter was down 1.8% on a year-over-year basis. Equities research analysts forecast that Douglas Emmett, Inc. will post 1.7 EPS for the current 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 paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 4.08%. The ex-dividend date of this dividend is Tuesday, December 31st. Douglas Emmett’s payout ratio is -760.00%.

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.