Forsta AP Fonden raised its position in Douglas Emmett, Inc. (NYSE:DEI) by 156.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 43,600 shares of the real estate investment trust’s stock after buying an additional 26,600 shares during the period. Forsta AP Fonden’s holdings in Douglas Emmett were worth $1,666,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in DEI. PNC Financial Services Group Inc. boosted its position in shares of Douglas Emmett by 9.1% in the first quarter. PNC Financial Services Group Inc. now owns 3,600 shares of the real estate investment trust’s stock worth $139,000 after buying an additional 299 shares in the last quarter. Envestnet Asset Management Inc. acquired a new position in shares of Douglas Emmett during the fourth quarter worth approximately $149,000. Tyers Asset Management LLC boosted its position in shares of Douglas Emmett by 23.5% in the first quarter. Tyers Asset Management LLC now owns 5,376 shares of the real estate investment trust’s stock worth $206,000 after buying an additional 1,024 shares in the last quarter. Clinton Group Inc. acquired a new position in shares of Douglas Emmett during the first quarter worth approximately $222,000. Finally, Fox Run Management L.L.C. acquired a new position in shares of Douglas Emmett during the second quarter worth approximately $260,000. Hedge funds and other institutional investors own 97.43% of the company’s stock.

Douglas Emmett (NYSE:DEI) last issued its quarterly earnings results on Tuesday, August 1st. The real estate investment trust reported $0.47 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.48 by $0.01. Douglas Emmett had a return on equity of 2.95% and a net margin of 12.00%. The firm had revenue of $199.60 million for the quarter, compared to the consensus estimate of $198.60 million. During the same period last year, the company posted $0.46 EPS. The business’s revenue was up 6.6% on a year-over-year basis.

The company also recently declared a quarterly dividend, which was paid on Friday, July 14th. Stockholders of record on Friday, June 30th were issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.39%. The ex-dividend date of this dividend was Wednesday, June 28th. Douglas Emmett’s dividend payout ratio (DPR) is presently 155.93%.

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A number of research analysts have commented on the stock. BidaskClub cut shares of Douglas Emmett from a “hold” rating to a “sell” rating in a research note on Saturday, June 24th. Barclays PLC raised their price target on shares of Douglas Emmett from $35.00 to $36.00 and gave the stock an “underweight” rating in a research note on Wednesday, April 19th. Zacks Investment Research cut shares of Douglas Emmett from a “buy” rating to a “hold” rating in a research note on Monday, May 8th. Stifel Nicolaus upgraded shares of Douglas Emmett from a “hold” rating to a “buy” rating and raised their price target for the stock from $38.00 to $42.00 in a research note on Wednesday, August 2nd. They noted that the move was a valuation call. Finally, BMO Capital Markets reaffirmed a “hold” rating and set a $39.00 price objective on shares of Douglas Emmett in a report on Tuesday, July 4th. Four analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $39.56.

In other news, Chairman Dan A. Emmett sold 100,000 shares of the company’s stock in a transaction that occurred on Friday, June 16th. The shares were sold at an average price of $38.97, for a total transaction of $3,897,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In the last ninety days, insiders have sold 300,000 shares of company stock valued at $11,487,000. 17.80% of the stock is currently owned by insiders.

Douglas Emmett Company Profile

Douglas Emmett, Inc is a self-administered and self-managed real estate investment trust (REIT). The Company is owner and operator of office and multifamily properties located in submarkets in Los Angeles and Honolulu. The Company operates through two segments: the acquisition, development, ownership and management of office real estate (Office Segment), and the acquisition, development, ownership and management of multifamily real estate (Multifamily Segment).

Institutional Ownership by Quarter for Douglas Emmett (NYSE:DEI)

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