Douglas Emmett, Inc. (NYSE:DEI) Stake Reduced by Everence Capital Management Inc.

Everence Capital Management Inc. decreased its stake in Douglas Emmett, Inc. (NYSE:DEI) by 16.2% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 21,700 shares of the real estate investment trust’s stock after selling 4,210 shares during the quarter. Everence Capital Management Inc.’s holdings in Douglas Emmett were worth $403,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also made changes to their positions in the company. Van ECK Associates Corp grew its position in Douglas Emmett by 6.2% during the 2nd quarter. Van ECK Associates Corp now owns 28,119 shares of the real estate investment trust’s stock worth $374,000 after purchasing an additional 1,650 shares in the last quarter. Natixis Advisors LLC grew its holdings in shares of Douglas Emmett by 66.8% during the second quarter. Natixis Advisors LLC now owns 51,678 shares of the real estate investment trust’s stock valued at $688,000 after buying an additional 20,689 shares in the last quarter. Rhumbline Advisers grew its holdings in shares of Douglas Emmett by 0.5% during the second quarter. Rhumbline Advisers now owns 559,680 shares of the real estate investment trust’s stock valued at $7,449,000 after buying an additional 3,048 shares in the last quarter. Arizona State Retirement System lifted its stake in Douglas Emmett by 2.2% in the 2nd quarter. Arizona State Retirement System now owns 46,850 shares of the real estate investment trust’s stock worth $624,000 after acquiring an additional 1,027 shares in the last quarter. Finally, Choreo LLC purchased a new stake in Douglas Emmett in the 2nd quarter worth about $147,000. 97.37% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on DEI shares. Citigroup upped their target price on Douglas Emmett from $14.00 to $16.00 and gave the company a “neutral” rating in a report on Thursday, September 12th. Evercore ISI upped their price objective on shares of Douglas Emmett from $16.00 to $19.00 and gave the company an “in-line” rating in a research note on Thursday, November 7th. Wells Fargo & Company lifted their target price on shares of 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 shares of Douglas Emmett from a “neutral” rating to an “outperform” rating and upped their price target for the stock from $19.00 to $21.00 in a research note on Thursday. Finally, Scotiabank raised 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 report on Thursday, November 14th. Six analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, Douglas Emmett currently has a consensus rating of “Hold” and an average price target of $18.25.

Douglas Emmett Trading Up 1.0 %

Douglas Emmett stock opened at $18.94 on Monday. Douglas Emmett, Inc. has a one year low of $12.35 and a one year high of $20.50. The company’s fifty day moving average price is $18.88 and its two-hundred day moving average price is $16.88. The company has a debt-to-equity ratio of 1.51, a current ratio of 4.09 and a quick ratio of 4.09. The company has a market capitalization of $3.17 billion, a price-to-earnings ratio of -189.40 and a beta of 1.11.

Douglas Emmett (NYSE:DEI) last issued its quarterly earnings data on Monday, November 4th. The real estate investment trust reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.38). The company had revenue of $250.75 million during 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 firm’s revenue was down 1.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.45 earnings per share. On average, analysts forecast that Douglas Emmett, Inc. will post 1.7 earnings per share for the current fiscal year.

Douglas Emmett Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be paid a $0.19 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $0.76 dividend on an annualized basis and a yield of 4.01%. Douglas Emmett’s payout ratio is presently -760.00%.

Douglas Emmett Company 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.