Douglas Emmett, Inc. (NYSE:DEI) Insider Jordan L. Kaplan Buys 48,750 Shares

Douglas Emmett, Inc. (NYSE:DEIGet Rating) insider Jordan L. Kaplan bought 48,750 shares of the company’s stock in a transaction that occurred on Wednesday, September 7th. The shares were bought at an average price of $20.48 per share, for a total transaction of $998,400.00. Following the completion of the acquisition, the insider now owns 2,851,640 shares in the company, valued at approximately $58,401,587.20. The purchase was disclosed in a filing with the SEC, which can be accessed through this link.

Douglas Emmett Price Performance

Shares of NYSE DEI opened at $21.26 on Friday. Douglas Emmett, Inc. has a fifty-two week low of $18.99 and a fifty-two week high of $36.97. The business has a 50 day moving average price of $21.75 and a two-hundred day moving average price of $26.65. The company has a quick ratio of 3.04, a current ratio of 3.04 and a debt-to-equity ratio of 1.23. The firm has a market cap of $3.74 billion, a PE ratio of 43.39, a price-to-earnings-growth ratio of 1.94 and a beta of 0.96.

Douglas Emmett (NYSE:DEIGet Rating) last issued its quarterly earnings data on Monday, August 1st. The real estate investment trust reported $0.14 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.14. The firm had revenue of $247.00 million during the quarter, compared to analyst estimates of $245.29 million. Douglas Emmett had a return on equity of 2.14% and a net margin of 9.78%. Douglas Emmett’s quarterly revenue was up 9.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.47 EPS. Sell-side analysts expect that Douglas Emmett, Inc. will post 2.05 earnings per share for the current fiscal year.

Douglas Emmett Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 18th. Stockholders of record on Friday, September 30th will be given a $0.28 dividend. The ex-dividend date of this dividend is Thursday, September 29th. This represents a $1.12 annualized dividend and a dividend yield of 5.27%. Douglas Emmett’s payout ratio is 228.58%.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. Norges Bank acquired a new position in Douglas Emmett during the 4th quarter valued at approximately $244,608,000. State Street Corp boosted its position in Douglas Emmett by 13.1% during the 1st quarter. State Street Corp now owns 9,474,627 shares of the real estate investment trust’s stock valued at $319,244,000 after purchasing an additional 1,095,717 shares during the period. AQR Capital Management LLC boosted its position in Douglas Emmett by 340.6% during the 2nd quarter. AQR Capital Management LLC now owns 1,195,509 shares of the real estate investment trust’s stock valued at $26,445,000 after purchasing an additional 924,195 shares during the period. Millennium Management LLC boosted its position in Douglas Emmett by 1,689.2% during the 4th quarter. Millennium Management LLC now owns 829,960 shares of the real estate investment trust’s stock valued at $27,804,000 after purchasing an additional 783,574 shares during the period. Finally, Wellington Management Group LLP boosted its position in Douglas Emmett by 12.5% during the 1st quarter. Wellington Management Group LLP now owns 6,844,166 shares of the real estate investment trust’s stock valued at $228,732,000 after purchasing an additional 759,320 shares during the period. Institutional investors and hedge funds own 93.57% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Wells Fargo & Company dropped their target price on Douglas Emmett from $28.00 to $24.00 and set an “overweight” rating on the stock in a report on Tuesday, August 30th. Credit Suisse Group assumed coverage on Douglas Emmett in a report on Wednesday, June 22nd. They set an “outperform” rating and a $27.00 target price on the stock. Piper Sandler dropped their target price on Douglas Emmett to $30.00 in a report on Monday, July 4th. Evercore ISI set a $33.00 target price on Douglas Emmett in a report on Monday, June 20th. Finally, Raymond James dropped their target price on Douglas Emmett from $38.00 to $28.00 and set an “outperform” rating on the stock in a report on Thursday, August 4th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $28.29.

Douglas Emmett Company Profile

(Get Rating)

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.

Recommended Stories

Receive News & Ratings for Douglas Emmett Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Douglas Emmett and related companies with MarketBeat.com's FREE daily email newsletter.