Douglas Emmett, Inc. (DEI) Stake Increased by Dimensional Fund Advisors LP
Dimensional Fund Advisors LP lifted its position in shares of Douglas Emmett, Inc. (NYSE:DEI) by 4.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,049,313 shares of the real estate investment trust’s stock after acquiring an additional 92,246 shares during the period. Dimensional Fund Advisors LP owned approximately 1.31% of Douglas Emmett worth $78,305,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors have also recently modified their holdings of the company. Cambridge Investment Research Advisors Inc. lifted its holdings in shares of Douglas Emmett by 0.4% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 7,581 shares of the real estate investment trust’s stock worth $290,000 after acquiring an additional 27 shares during the period. Bollard Group LLC lifted its holdings in shares of Douglas Emmett by 0.6% during the 2nd quarter. Bollard Group LLC now owns 15,880 shares of the real estate investment trust’s stock worth $607,000 after acquiring an additional 92 shares during the period. Public Employees Retirement Association of Colorado lifted its holdings in shares of Douglas Emmett by 0.4% during the 2nd quarter. Public Employees Retirement Association of Colorado now owns 34,892 shares of the real estate investment trust’s stock worth $1,333,000 after acquiring an additional 130 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in shares of Douglas Emmett by 0.9% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 21,433 shares of the real estate investment trust’s stock worth $819,000 after acquiring an additional 188 shares during the period. Finally, PNC Financial Services Group Inc. lifted its holdings in shares of Douglas Emmett by 9.1% during the 1st quarter. PNC Financial Services Group Inc. now owns 3,600 shares of the real estate investment trust’s stock worth $139,000 after acquiring an additional 299 shares during the period. 96.15% of the stock is owned by institutional investors.
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In other Douglas Emmett news, Chairman Dan A. Emmett sold 100,000 shares of Douglas Emmett stock in a transaction that occurred on Monday, July 24th. The shares were sold at an average price of $37.97, for a total transaction of $3,797,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Over the last quarter, insiders have sold 300,000 shares of company stock valued at $11,492,000. 17.80% of the stock is currently owned by company insiders.
A number of analysts have recently weighed in on the stock. BidaskClub raised shares of Douglas Emmett from a “sell” rating to a “hold” rating in a report on Thursday, June 15th. KeyCorp reaffirmed a “hold” rating on shares of Douglas Emmett in a report on Sunday, September 24th. Stifel Nicolaus reissued a “buy” rating and issued a $42.00 price objective on shares of Douglas Emmett in a research note on Thursday, September 21st. Janney Montgomery Scott initiated coverage on shares of Douglas Emmett in a research note on Friday, September 8th. They issued a “neutral” rating for the company. Finally, BMO Capital Markets reissued a “hold” rating and issued a $39.00 price objective on shares of Douglas Emmett in a research note on Tuesday, July 4th. Four analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $39.56.
Douglas Emmett, Inc. (NYSE:DEI) opened at 40.06 on Monday. Douglas Emmett, Inc. has a 52 week low of $33.78 and a 52 week high of $40.79. The company has a 50-day moving average of $38.86 and a 200 day moving average of $38.46. The company has a market cap of $6.52 billion, a P/E ratio of 68.48 and a beta of 0.70.
Douglas Emmett (NYSE:DEI) last announced its earnings results on Tuesday, August 1st. The real estate investment trust reported $0.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by ($0.01). Douglas Emmett had a net margin of 12.00% and a return on equity of 2.95%. The company had revenue of $199.60 million for the quarter, compared to the consensus estimate of $198.60 million. During the same quarter in the previous year, the firm earned $0.46 earnings per share. The company’s revenue for the quarter was up 6.6% compared to the same quarter last year. On average, equities analysts forecast that Douglas Emmett, Inc. will post $0.55 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, October 13th. Shareholders of record on Friday, September 29th will be given a dividend of $0.23 per share. The ex-dividend date is Thursday, September 28th. This represents a $0.92 annualized dividend and a yield of 2.30%. Douglas Emmett’s payout ratio is presently 155.93%.
About Douglas Emmett
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).
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