Douglas Emmett, Inc. (NYSE:DEI) Position Increased by Principal Financial Group Inc.

Principal Financial Group Inc. raised its holdings in shares of Douglas Emmett, Inc. (NYSE:DEIGet Rating) by 16.0% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 691,322 shares of the real estate investment trust’s stock after buying an additional 95,412 shares during the period. Principal Financial Group Inc. owned about 0.39% of Douglas Emmett worth $15,472,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its holdings in Douglas Emmett by 0.8% during the first quarter. Vanguard Group Inc. now owns 25,047,981 shares of the real estate investment trust’s stock worth $837,104,000 after buying an additional 192,309 shares in the last quarter. State Street Corp boosted its stake in Douglas Emmett by 13.1% in the 1st quarter. State Street Corp now owns 9,474,627 shares of the real estate investment trust’s stock worth $319,244,000 after purchasing an additional 1,095,717 shares during the period. First Eagle Investment Management LLC boosted its stake in Douglas Emmett by 8.8% in the 1st quarter. First Eagle Investment Management LLC now owns 7,542,414 shares of the real estate investment trust’s stock worth $252,067,000 after purchasing an additional 610,042 shares during the period. Wellington Management Group LLP boosted its stake in Douglas Emmett by 12.5% in the 1st quarter. Wellington Management Group LLP now owns 6,844,166 shares of the real estate investment trust’s stock worth $228,732,000 after purchasing an additional 759,320 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its stake in Douglas Emmett by 3.4% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,584,518 shares of the real estate investment trust’s stock worth $86,375,000 after purchasing an additional 86,153 shares during the period. 93.57% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts recently commented on DEI shares. Piper Sandler lowered shares of Douglas Emmett from an “overweight” rating to a “neutral” rating and decreased their price objective for the stock from $30.00 to $19.00 in a research note on Friday, October 7th. Credit Suisse Group decreased their price objective on shares of Douglas Emmett to $22.00 in a research note on Thursday, October 20th. Wells Fargo & Company decreased their price objective on shares of Douglas Emmett from $24.00 to $20.00 and set an “overweight” rating for the company in a research note on Tuesday, October 18th. Raymond James decreased their target price on shares of Douglas Emmett from $28.00 to $23.00 and set an “outperform” rating for the company in a research note on Tuesday, October 18th. Finally, StockNews.com initiated coverage on shares of Douglas Emmett in a research note on Wednesday, October 12th. They set a “hold” rating for the company. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, Douglas Emmett currently has a consensus rating of “Moderate Buy” and an average price target of $24.71.

Insider Activity

In other Douglas Emmett news, Director William E. Simon, Jr. purchased 13,200 shares of the business’s stock in a transaction dated Wednesday, September 28th. The shares were acquired at an average price of $18.73 per share, for a total transaction of $247,236.00. Following the acquisition, the director now owns 81,000 shares of the company’s stock, valued at $1,517,130. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Douglas Emmett news, Director Shirley Wang purchased 284,000 shares of the business’s stock in a transaction dated Thursday, September 8th. The shares were acquired at an average price of $21.17 per share, for a total transaction of $6,012,280.00. Following the acquisition, the director now owns 284,000 shares of the company’s stock, valued at $6,012,280. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director William E. Simon, Jr. purchased 13,200 shares of the business’s stock in a transaction dated Wednesday, September 28th. The shares were acquired at an average price of $18.73 per share, for a total transaction of $247,236.00. Following the acquisition, the director now directly owns 81,000 shares in the company, valued at approximately $1,517,130. The disclosure for this purchase can be found here. In the last 90 days, insiders have acquired 345,950 shares of company stock worth $7,257,916. 13.40% of the stock is owned by corporate insiders.

Douglas Emmett Trading Up 0.1 %

Shares of NYSE:DEI opened at $16.79 on Thursday. The firm has a fifty day moving average of $17.59 and a two-hundred day moving average of $21.38. The firm has a market capitalization of $2.95 billion, a P/E ratio of 32.29, a price-to-earnings-growth ratio of 1.53 and a beta of 0.90. Douglas Emmett, Inc. has a 12-month low of $15.90 and a 12-month high of $36.97. The company has a quick ratio of 2.54, a current ratio of 2.54 and a debt-to-equity ratio of 1.21.

Douglas Emmett Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 18th. Stockholders of record on Friday, September 30th were issued a dividend of $0.28 per share. The ex-dividend date of this dividend was Thursday, September 29th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 6.67%. Douglas Emmett’s dividend payout ratio is currently 215.39%.

Douglas Emmett Profile

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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.

See Also

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

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