JPMorgan Chase & Co. Has $20.46 Million Stake in Douglas Emmett, Inc. (NYSE:DEI)

JPMorgan Chase & Co. reduced its stake in shares of Douglas Emmett, Inc. (NYSE:DEI) by 1.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,164,249 shares of the real estate investment trust’s stock after selling 20,490 shares during the period. JPMorgan Chase & Co.’s holdings in Douglas Emmett were worth $20,456,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in DEI. Venturi Wealth Management LLC bought a new position in shares of Douglas Emmett in the 3rd quarter valued at approximately $48,000. Blue Trust Inc. grew its holdings in Douglas Emmett by 1,081.5% during the third quarter. Blue Trust Inc. now owns 3,710 shares of the real estate investment trust’s stock valued at $65,000 after purchasing an additional 3,396 shares during the last quarter. GAMMA Investing LLC raised its position in shares of 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 purchasing an additional 1,175 shares during the period. Raleigh Capital Management Inc. lifted its stake 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 worth $68,000 after buying an additional 1,476 shares during the last quarter. Finally, Quarry LP boosted its holdings in shares of Douglas Emmett by 155.0% during the 2nd quarter. Quarry LP now owns 4,121 shares of the real estate investment trust’s stock worth $55,000 after buying an additional 2,505 shares during the period. Institutional investors and hedge funds own 97.37% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on DEI shares. Scotiabank upgraded shares of Douglas Emmett from a “sector perform” rating to a “sector outperform” rating and lifted their target price for the stock from $16.00 to $21.00 in a report on Thursday, November 14th. Citigroup raised their price target on Douglas Emmett from $14.00 to $16.00 and gave the company a “neutral” rating in a research report on Thursday, September 12th. Wells Fargo & Company increased 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. Wedbush raised Douglas Emmett from a “neutral” rating to an “outperform” rating and lifted their price target for the stock from $19.00 to $21.00 in a research report on Thursday, January 2nd. Finally, Evercore ISI increased their price objective 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. Six research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Douglas Emmett presently has an average rating of “Hold” and an average price target of $18.25.

Douglas Emmett Trading Down 3.0 %

Shares of DEI opened at $16.90 on Thursday. The stock’s 50-day moving average price is $18.87 and its 200 day moving average price is $16.97. The company has a quick ratio of 4.09, a current ratio of 4.09 and a debt-to-equity ratio of 1.51. The firm has a market capitalization of $2.83 billion, a price-to-earnings ratio of -169.00 and a beta of 1.11. Douglas Emmett, Inc. has a 12-month low of $12.35 and a 12-month high of $20.50.

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

Douglas Emmett Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 4.50%. The ex-dividend date 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.