Douglas Emmett, Inc. (NYSE:DEI) Shares Sold by Cibc World Markets Corp

Cibc World Markets Corp cut its holdings in shares of Douglas Emmett, Inc. (NYSE:DEI – Get Rating) by 21.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 56,689 shares of the real estate investment trust’s stock after selling 15,280 shares during the period. Cibc World Markets Corp’s holdings in Douglas Emmett were worth $889,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Vanguard Group Inc. lifted its stake in Douglas Emmett by 0.5% during the third quarter. Vanguard Group Inc. now owns 25,142,146 shares of the real estate investment trust’s stock valued at $450,799,000 after purchasing an additional 135,881 shares during the last quarter. First Eagle Investment Management LLC lifted its stake in Douglas Emmett by 3.3% during the fourth quarter. First Eagle Investment Management LLC now owns 12,416,793 shares of the real estate investment trust’s stock valued at $194,695,000 after purchasing an additional 399,783 shares during the last quarter. State Street Corp lifted its stake in Douglas Emmett by 13.1% during the first 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 last quarter. Wellington Management Group LLP lifted its stake in Douglas Emmett by 12.5% during the first 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 last quarter. Finally, Massachusetts Financial Services Co. MA lifted its position in shares of Douglas Emmett by 1.7% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,933,571 shares of the real estate investment trust’s stock valued at $52,599,000 after acquiring an additional 48,200 shares in the last quarter. 97.25% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on DEI shares. Wells Fargo & Company reduced their price target on shares of Douglas Emmett from $18.00 to $16.00 and set an “overweight” rating for the company in a research report on Thursday, March 16th. Evercore ISI reduced their price target on shares of Douglas Emmett from $17.00 to $16.00 in a research report on Monday, March 27th. JPMorgan Chase & Co. reduced their price target on shares of Douglas Emmett from $20.00 to $15.00 and set a “neutral” rating for the company in a research report on Monday, April 10th. StockNews.com initiated coverage on shares of Douglas Emmett in a research note on Thursday. They issued a “hold” rating on the stock. Finally, TheStreet lowered shares of Douglas Emmett from a “c” rating to a “d+” rating in a research note on Tuesday, May 2nd. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, Douglas Emmett presently has a consensus rating of “Hold” and an average price target of $15.78.

Douglas Emmett Stock Performance

Shares of DEI opened at $11.21 on Monday. The company’s fifty day moving average is $11.99 and its 200-day moving average is $14.47. Douglas Emmett, Inc. has a 12 month low of $10.09 and a 12 month high of $28.65. The firm has a market cap of $1.90 billion, a price-to-earnings ratio of 21.98 and a beta of 0.94. The company has a quick ratio of 2.54, a current ratio of 2.54 and a debt-to-equity ratio of 1.24.

Douglas Emmett Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, April 14th. Stockholders of record on Friday, March 31st were paid a dividend of $0.19 per share. The ex-dividend date was Thursday, March 30th. This represents a $0.76 annualized dividend and a dividend yield of 6.78%. Douglas Emmett’s dividend payout ratio (DPR) is 149.02%.

Douglas Emmett Company Profile

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Douglas Emmett, Inc is a real estate investment trust, engages in the acquisition, development, ownership, and management of real estate properties. It operates through the following segments: Office, and Multifamily. The Office segment comprises rental of office space and other tenant services, including parking and storage space rental.