Pendal Group Ltd grew its holdings in Douglas Emmett, Inc. (NYSE:DEI) by 8.3% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 42,900 shares of the real estate investment trust’s stock after purchasing an additional 3,300 shares during the period. Pendal Group Ltd’s holdings in Douglas Emmett were worth $1,618,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also added to or reduced their stakes in DEI. Cbre Clarion Securities LLC lifted its holdings in shares of Douglas Emmett by 226.1% in the second quarter. Cbre Clarion Securities LLC now owns 6,615,753 shares of the real estate investment trust’s stock valued at $265,821,000 after purchasing an additional 4,587,109 shares in the last quarter. NN Investment Partners Holdings N.V. lifted its holdings in shares of Douglas Emmett by 40.6% in the third quarter. NN Investment Partners Holdings N.V. now owns 711,263 shares of the real estate investment trust’s stock valued at $26,828,000 after purchasing an additional 205,263 shares in the last quarter. BlackRock Inc. lifted its holdings in shares of Douglas Emmett by 0.9% in the second quarter. BlackRock Inc. now owns 19,109,240 shares of the real estate investment trust’s stock valued at $767,810,000 after purchasing an additional 176,454 shares in the last quarter. Heitman Real Estate Securities LLC lifted its holdings in shares of Douglas Emmett by 35.1% in the second quarter. Heitman Real Estate Securities LLC now owns 504,762 shares of the real estate investment trust’s stock valued at $23,236,000 after purchasing an additional 131,039 shares in the last quarter. Finally, Boston Partners lifted its holdings in shares of Douglas Emmett by 2.6% in the second quarter. Boston Partners now owns 4,450,250 shares of the real estate investment trust’s stock valued at $178,811,000 after purchasing an additional 112,228 shares in the last quarter. Institutional investors own 95.10% of the company’s stock.
Shares of NYSE:DEI opened at $36.15 on Friday. The company has a quick ratio of 2.30, a current ratio of 1.96 and a debt-to-equity ratio of 1.05. Douglas Emmett, Inc. has a 1 year low of $34.72 and a 1 year high of $41.59. The firm has a market cap of $6.15 billion, a P/E ratio of 18.09, a PEG ratio of 2.66 and a beta of 0.58.
Douglas Emmett (NYSE:DEI) last announced its quarterly earnings data on Thursday, November 1st. The real estate investment trust reported $0.18 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.51 by ($0.33). Douglas Emmett had a return on equity of 3.06% and a net margin of 14.32%. The firm had revenue of $223.30 million for the quarter, compared to analysts’ expectations of $222.50 million. During the same quarter in the prior year, the business posted $0.48 earnings per share. Douglas Emmett’s revenue was up 7.0% on a year-over-year basis. Analysts anticipate that Douglas Emmett, Inc. will post 2.02 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 16th. Investors of record on Friday, September 28th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, September 27th. This represents a $1.00 annualized dividend and a dividend yield of 2.77%. Douglas Emmett’s dividend payout ratio is 52.63%.
DEI has been the subject of a number of research analyst reports. Zacks Investment Research upgraded Douglas Emmett from a “hold” rating to a “buy” rating and set a $42.00 target price for the company in a report on Wednesday, October 3rd. Bank of America reduced their target price on Douglas Emmett from $44.00 to $42.50 and set a “buy” rating for the company in a report on Monday, September 10th. Stifel Nicolaus increased their target price on Douglas Emmett from $42.00 to $43.00 and gave the company a “buy” rating in a report on Thursday, August 2nd. Citigroup increased their target price on Douglas Emmett from $38.00 to $39.00 and gave the company a “neutral” rating in a report on Wednesday, August 8th. Finally, Raymond James reduced their target price on Douglas Emmett from $44.00 to $42.00 and set an “outperform” rating for the company in a report on Monday, November 5th. One analyst has rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $41.59.
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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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