41,635 Shares in Douglas Emmett, Inc. (NYSE:DEI) Purchased by Echo Street Capital Management LLC

Echo Street Capital Management LLC purchased a new position in Douglas Emmett, Inc. (NYSE:DEIGet Rating) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 41,635 shares of the real estate investment trust’s stock, valued at approximately $1,391,000.

Several other institutional investors have also modified their holdings of the business. Engineers Gate Manager LP lifted its stake in shares of Douglas Emmett by 45.7% in the first quarter. Engineers Gate Manager LP now owns 21,018 shares of the real estate investment trust’s stock worth $702,000 after acquiring an additional 6,594 shares in the last quarter. Graham Capital Management L.P. increased its holdings in Douglas Emmett by 420.9% in the first quarter. Graham Capital Management L.P. now owns 106,783 shares of the real estate investment trust’s stock valued at $3,568,000 after buying an additional 86,284 shares during the last quarter. Invesco Ltd. increased its holdings in Douglas Emmett by 3.1% in the first quarter. Invesco Ltd. now owns 599,830 shares of the real estate investment trust’s stock valued at $20,047,000 after buying an additional 18,058 shares during the last quarter. Ontario Teachers Pension Plan Board bought a new stake in Douglas Emmett in the first quarter valued at about $1,451,000. Finally, Charles Schwab Investment Management Inc. increased its holdings in Douglas Emmett by 3.4% in the first quarter. Charles Schwab Investment Management Inc. now owns 2,584,518 shares of the real estate investment trust’s stock valued at $86,375,000 after buying an additional 86,153 shares during the last quarter. Institutional investors and hedge funds own 93.57% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on DEI. Evercore ISI set a $33.00 price objective on Douglas Emmett in a report on Monday, June 20th. Piper Sandler lowered their price objective on Douglas Emmett to $30.00 in a report on Monday, July 4th. JPMorgan Chase & Co. lowered their price objective on Douglas Emmett from $38.00 to $32.00 in a report on Tuesday, June 7th. Wells Fargo & Company lowered their price objective on Douglas Emmett from $28.00 to $24.00 and set an “overweight” rating for the company in a report on Tuesday, August 30th. Finally, Raymond James lowered their target price on Douglas Emmett from $38.00 to $28.00 and set an “outperform” rating for the company in a report on Thursday, August 4th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, Douglas Emmett presently has an average rating of “Moderate Buy” and a consensus price target of $28.29.

Douglas Emmett Stock Up 0.9 %

NYSE:DEI opened at $21.26 on Monday. The firm has a market capitalization of $3.74 billion, a PE ratio of 43.39, a price-to-earnings-growth ratio of 1.98 and a beta of 0.96. The stock has a 50 day moving average of $21.75 and a 200-day moving average of $26.58. Douglas Emmett, Inc. has a 52 week low of $18.99 and a 52 week high of $36.97. The company has a current ratio of 3.04, a quick ratio of 3.04 and a debt-to-equity ratio of 1.23.

Douglas Emmett (NYSE:DEIGet Rating) last posted its earnings results on Monday, August 1st. The real estate investment trust reported $0.14 EPS for the quarter, meeting the consensus estimate of $0.14. The company 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%. The business’s revenue was up 9.8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.47 earnings per share. Analysts predict that Douglas Emmett, Inc. will post 2.05 EPS for the current year.

Douglas Emmett Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 18th. Stockholders of record on Friday, September 30th will be given a dividend of $0.28 per share. 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 dividend payout ratio is presently 228.58%.

Insider Transactions at Douglas Emmett

In other Douglas Emmett news, Director Shirley Wang acquired 284,000 shares of Douglas Emmett stock in a transaction dated Thursday, September 8th. The stock was acquired at an average cost of $21.17 per share, for a total transaction of $6,012,280.00. Following the completion of the transaction, the director now owns 284,000 shares in the company, valued at approximately $6,012,280. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Douglas Emmett news, Director Shirley Wang acquired 284,000 shares of Douglas Emmett stock in a transaction dated Thursday, September 8th. The stock was acquired at an average cost of $21.17 per share, for a total transaction of $6,012,280.00. Following the completion of the transaction, the director now owns 284,000 shares in the company, valued at approximately $6,012,280. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Jordan L. Kaplan acquired 48,750 shares of Douglas Emmett stock in a transaction dated Wednesday, September 7th. The shares were acquired at an average price of $20.48 per share, with a total value of $998,400.00. Following the completion of the transaction, the insider now owns 2,851,640 shares of the company’s stock, valued at approximately $58,401,587.20. The disclosure for this purchase can be found here. Insiders own 13.40% of the company’s stock.

About Douglas Emmett

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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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