Douglas Emmett, Inc. (NYSE:DEI) Holdings Cut by Vanguard Personalized Indexing Management LLC

Vanguard Personalized Indexing Management LLC lowered its holdings in Douglas Emmett, Inc. (NYSE:DEI) by 6.0% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 23,505 shares of the real estate investment trust’s stock after selling 1,512 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Douglas Emmett were worth $313,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in DEI. Vanguard Group Inc. increased its stake in shares of Douglas Emmett by 0.9% during the fourth quarter. Vanguard Group Inc. now owns 26,187,297 shares of the real estate investment trust’s stock valued at $379,716,000 after acquiring an additional 229,301 shares during the period. Manning & Napier Advisors LLC bought a new stake in Douglas Emmett during the second quarter worth approximately $3,825,000. GSA Capital Partners LLP boosted its holdings in Douglas Emmett by 356.7% during the first quarter. GSA Capital Partners LLP now owns 116,902 shares of the real estate investment trust’s stock worth $1,621,000 after buying an additional 91,305 shares in the last quarter. Centersquare Investment Management LLC boosted its holdings in Douglas Emmett by 20.8% during the first quarter. Centersquare Investment Management LLC now owns 4,363,009 shares of the real estate investment trust’s stock worth $59,817,000 after buying an additional 751,419 shares in the last quarter. Finally, Norges Bank bought a new stake in Douglas Emmett during the fourth quarter worth approximately $26,467,000. Institutional investors and hedge funds own 97.37% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on DEI shares. Wells Fargo & Company raised their target price on shares of Douglas Emmett from $15.00 to $17.00 and gave the stock an “overweight” rating in a report on Wednesday, September 11th. JPMorgan Chase & Co. raised their price objective 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. 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 research note on Thursday, September 12th. Scotiabank lifted their target price on shares of Douglas Emmett from $14.00 to $16.00 and gave the company a “sector perform” rating in a research note on Monday, August 26th. Finally, Evercore ISI lifted their target price on shares of Douglas Emmett from $15.00 to $16.00 and gave the company an “in-line” rating in a research note on Wednesday, August 28th. Eight research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $15.88.

Douglas Emmett Stock Up 1.2 %

Douglas Emmett stock opened at $17.53 on Friday. The company has a market capitalization of $2.93 billion, a P/E ratio of -56.55 and a beta of 1.10. The firm’s fifty day simple moving average is $15.84 and its 200-day simple moving average is $14.39. The company has a current ratio of 5.11, a quick ratio of 5.11 and a debt-to-equity ratio of 1.47. Douglas Emmett, Inc. has a 1-year low of $10.76 and a 1-year high of $17.75.

Douglas Emmett (NYSE:DEI) last released its quarterly earnings results on Thursday, August 8th. The real estate investment trust reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.37). The business had revenue of $245.80 million for the quarter, compared to the consensus estimate of $246.62 million. Douglas Emmett had a negative net margin of 3.55% and a negative return on equity of 0.88%. The firm’s revenue for the quarter was down 3.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.48 EPS. Sell-side analysts forecast that Douglas Emmett, Inc. will post 1.67 earnings per share for the current fiscal year.

Douglas Emmett Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 16th. Shareholders of record on Monday, September 30th will be given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 4.34%. The ex-dividend date of this dividend is Monday, September 30th. Douglas Emmett’s dividend payout ratio is -245.16%.

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.