Douglas Emmett, Inc. (DEI) Shares Sold by Schroder Investment Management Group

Schroder Investment Management Group decreased its holdings in shares of Douglas Emmett, Inc. (NYSE:DEI) by 3.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,526,345 shares of the real estate investment trust’s stock after selling 57,796 shares during the quarter. Schroder Investment Management Group’s holdings in Douglas Emmett were worth $60,398,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. BlackRock Inc. raised its stake in Douglas Emmett by 0.9% during the second quarter. BlackRock Inc. now owns 19,109,240 shares of the real estate investment trust’s stock worth $767,810,000 after acquiring an additional 176,454 shares in the last quarter. Cbre Clarion Securities LLC raised its stake in Douglas Emmett by 226.1% during the second quarter. Cbre Clarion Securities LLC now owns 6,615,753 shares of the real estate investment trust’s stock worth $265,821,000 after acquiring an additional 4,587,109 shares in the last quarter. Boston Partners raised its stake in Douglas Emmett by 2.6% during the second quarter. Boston Partners now owns 4,450,250 shares of the real estate investment trust’s stock worth $178,811,000 after acquiring an additional 112,228 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Douglas Emmett by 2.2% during the second quarter. Dimensional Fund Advisors LP now owns 2,382,937 shares of the real estate investment trust’s stock worth $95,743,000 after acquiring an additional 51,564 shares in the last quarter. Finally, Renaissance Technologies LLC raised its stake in Douglas Emmett by 3.0% during the second quarter. Renaissance Technologies LLC now owns 2,105,800 shares of the real estate investment trust’s stock worth $84,611,000 after acquiring an additional 61,600 shares in the last quarter. 95.36% of the stock is owned by hedge funds and other institutional investors.

DEI has been the subject of several research analyst reports. Mizuho raised Douglas Emmett from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $39.00 to $44.00 in a research note on Monday, June 18th. Zacks Investment Research raised Douglas Emmett from a “hold” rating to a “buy” rating and set a $42.00 target price for the company in a research note on Wednesday, October 3rd. Bank of America lowered their target price on Douglas Emmett from $44.00 to $42.50 and set a “buy” rating for the company in a research note on Monday, September 10th. Stifel Nicolaus boosted their price target on Douglas Emmett from $42.00 to $43.00 and gave the stock a “buy” rating in a report on Thursday, August 2nd. Finally, Citigroup boosted their price target on Douglas Emmett from $38.00 to $39.00 and gave the stock a “neutral” rating in a report on Wednesday, August 8th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the company. Douglas Emmett currently has a consensus rating of “Hold” and an average price target of $41.55.

NYSE:DEI opened at $37.64 on Tuesday. The stock has a market cap of $6.41 billion, a PE ratio of 19.87, a PEG ratio of 2.77 and a beta of 0.60. The company has a current ratio of 2.30, a quick ratio of 2.30 and a debt-to-equity ratio of 1.04. Douglas Emmett, Inc. has a 1-year low of $34.72 and a 1-year high of $41.59.

Douglas Emmett (NYSE:DEI) last released its quarterly earnings results on Tuesday, July 31st. The real estate investment trust reported $0.19 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.50 by ($0.31). The firm had revenue of $219.47 million for the quarter, compared to the consensus estimate of $215.12 million. Douglas Emmett had a return on equity of 2.96% and a net margin of 13.94%. As a group, sell-side analysts anticipate that Douglas Emmett, Inc. will post 2.02 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 16th. Stockholders of record on Friday, September 28th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 2.66%. The ex-dividend date is Thursday, September 27th. Douglas Emmett’s dividend payout ratio (DPR) is currently 52.63%.

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.

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

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