Axa reduced its stake in shares of Douglas Emmett, Inc. (NYSE:DEI) by 6.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 207,881 shares of the real estate investment trust’s stock after selling 14,061 shares during the quarter. Axa owned about 0.12% of Douglas Emmett worth $8,536,000 at the end of the most recent reporting period.
Other institutional investors also recently bought and sold shares of the company. Sei Investments Co. grew its position in shares of Douglas Emmett by 0.3% during the 4th quarter. Sei Investments Co. now owns 731,039 shares of the real estate investment trust’s stock worth $30,017,000 after buying an additional 1,850 shares during the period. Swiss National Bank grew its position in shares of Douglas Emmett by 7.3% during the 4th quarter. Swiss National Bank now owns 263,600 shares of the real estate investment trust’s stock worth $10,823,000 after buying an additional 18,000 shares during the period. BlackRock Inc. grew its position in shares of Douglas Emmett by 6.9% during the 4th quarter. BlackRock Inc. now owns 18,558,202 shares of the real estate investment trust’s stock worth $761,999,000 after buying an additional 1,193,815 shares during the period. BB&T Securities LLC acquired a new position in shares of Douglas Emmett during the 3rd quarter worth about $327,000. Finally, Jane Street Group LLC acquired a new position in shares of Douglas Emmett during the 3rd quarter worth about $403,000. Institutional investors own 98.29% of the company’s stock.
Douglas Emmett, Inc. (NYSE:DEI) opened at $37.54 on Tuesday. Douglas Emmett, Inc. has a 12-month low of $34.72 and a 12-month high of $41.59. The stock has a market capitalization of $6,360.00, a P/E ratio of 65.86, a P/E/G ratio of 2.83 and a beta of 0.70.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 17th. Shareholders of record on Thursday, March 29th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 2.66%. The ex-dividend date is Wednesday, March 28th. Douglas Emmett’s dividend payout ratio (DPR) is currently 175.44%.
Several research firms have recently issued reports on DEI. Barclays boosted their target price on Douglas Emmett from $36.00 to $37.00 and gave the stock an “underweight” rating in a research report on Tuesday, January 30th. BMO Capital Markets set a $38.00 price objective on Douglas Emmett and gave the company a “hold” rating in a research report on Tuesday, February 27th. Stifel Nicolaus decreased their price objective on Douglas Emmett from $43.00 to $40.00 and set a “buy” rating for the company in a research report on Thursday, February 15th. Sandler O’Neill reiterated a “hold” rating and issued a $42.00 price objective on shares of Douglas Emmett in a research report on Tuesday, January 23rd. Finally, Zacks Investment Research lowered Douglas Emmett from a “hold” rating to a “sell” rating in a research report on Tuesday, January 16th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $41.00.
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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