Venturi Wealth Management LLC Makes New Investment in Douglas Emmett, Inc. (NYSE:DEI)

Venturi Wealth Management LLC bought a new stake in shares of Douglas Emmett, Inc. (NYSE:DEI) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 2,721 shares of the real estate investment trust’s stock, valued at approximately $48,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. ProShare Advisors LLC boosted its position in Douglas Emmett by 7.3% during the 1st quarter. ProShare Advisors LLC now owns 32,643 shares of the real estate investment trust’s stock valued at $453,000 after acquiring an additional 2,234 shares in the last quarter. Entropy Technologies LP bought a new stake in shares of Douglas Emmett during the first quarter valued at approximately $430,000. State Board of Administration of Florida Retirement System boosted its position in shares of Douglas Emmett by 187.6% during the first quarter. State Board of Administration of Florida Retirement System now owns 194,108 shares of the real estate investment trust’s stock valued at $2,692,000 after purchasing an additional 126,618 shares in the last quarter. Edgestream Partners L.P. purchased a new stake in Douglas Emmett in the first quarter worth $237,000. Finally, UniSuper Management Pty Ltd raised its holdings in Douglas Emmett by 97.3% in the first quarter. UniSuper Management Pty Ltd now owns 91,365 shares of the real estate investment trust’s stock worth $1,267,000 after purchasing an additional 45,065 shares in the last quarter. Hedge funds and other institutional investors own 97.37% of the company’s stock.

Douglas Emmett Price Performance

Shares of NYSE DEI opened at $18.38 on Friday. The firm has a market cap of $3.08 billion, a P/E ratio of -183.90 and a beta of 1.10. Douglas Emmett, Inc. has a twelve month low of $11.08 and a twelve month high of $19.59. The company has a quick ratio of 5.11, a current ratio of 4.09 and a debt-to-equity ratio of 1.51. The company has a 50 day moving average of $17.74 and a 200 day moving average of $15.52.

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

Douglas Emmett Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 16th. Stockholders of record on Monday, September 30th were issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 4.13%. The ex-dividend date was Monday, September 30th. Douglas Emmett’s payout ratio is presently -760.00%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on DEI shares. Citigroup upped their target price on shares of Douglas Emmett from $14.00 to $16.00 and gave the stock a “neutral” rating in a research report on Thursday, September 12th. Wells Fargo & Company upped their price objective 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. lifted their target price on shares of Douglas Emmett from $15.00 to $18.00 and gave the company a “neutral” rating in a report on Monday, September 9th. Evercore ISI upped their price target on Douglas Emmett from $16.00 to $19.00 and gave the stock an “in-line” rating in a research note on Thursday, November 7th. Finally, Scotiabank upgraded Douglas Emmett from a “sector perform” rating to a “sector outperform” rating and lifted their price objective for the company from $16.00 to $21.00 in a research note on Thursday. Six analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $17.43.

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.