Mitsubishi UFJ Kokusai Asset Management Co. Ltd. Lowers Holdings in Douglas Emmett, Inc. (NYSE:DEI)

Mitsubishi UFJ Kokusai Asset Management Co. Ltd. trimmed its holdings in Douglas Emmett, Inc. (NYSE:DEIFree Report) by 1.1% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 96,332 shares of the real estate investment trust’s stock after selling 1,077 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. owned approximately 0.06% of Douglas Emmett worth $1,211,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in DEI. Norges Bank acquired a new position in Douglas Emmett during the fourth quarter worth $114,497,000. Price T Rowe Associates Inc. MD lifted its stake in Douglas Emmett by 91.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 7,155,765 shares of the real estate investment trust’s stock worth $88,232,000 after purchasing an additional 3,411,463 shares in the last quarter. Millennium Management LLC lifted its stake in Douglas Emmett by 149.3% during the fourth quarter. Millennium Management LLC now owns 3,987,871 shares of the real estate investment trust’s stock worth $62,530,000 after purchasing an additional 2,388,516 shares in the last quarter. State Street Corp raised its stake in shares of Douglas Emmett by 13.1% in 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 acquiring an additional 1,095,717 shares in the last quarter. Finally, BlackRock Inc. raised its stake in shares of Douglas Emmett by 3.8% in the first quarter. BlackRock Inc. now owns 21,032,102 shares of the real estate investment trust’s stock valued at $259,326,000 after acquiring an additional 772,207 shares in the last quarter. 97.37% of the stock is currently owned by hedge funds and other institutional investors.

Douglas Emmett Stock Performance

NYSE DEI opened at $11.81 on Monday. The company has a current ratio of 3.86, a quick ratio of 3.86 and a debt-to-equity ratio of 1.38. The business’s 50 day moving average is $12.18 and its two-hundred day moving average is $12.61. Douglas Emmett, Inc. has a 12-month low of $10.09 and a 12-month high of $17.98. The stock has a market capitalization of $1.97 billion, a price-to-earnings ratio of 98.42 and a beta of 1.03.

Douglas Emmett Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 17th. Shareholders of record on Friday, September 29th were given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 6.44%. The ex-dividend date was Thursday, September 28th. Douglas Emmett’s payout ratio is 633.33%.

Wall Street Analyst Weigh In

DEI has been the topic of several analyst reports. Bank of America cut Douglas Emmett from a “neutral” rating to an “underperform” rating and reduced their price objective for the company from $12.00 to $10.00 in a research note on Tuesday, August 8th. Wedbush began coverage on Douglas Emmett in a report on Tuesday, October 3rd. They set a “neutral” rating and a $13.00 price target for the company. Piper Sandler decreased their price target on Douglas Emmett from $15.00 to $13.00 and set a “neutral” rating for the company in a report on Friday, November 10th. KeyCorp began coverage on Douglas Emmett in a report on Monday, September 11th. They set a “sector weight” rating for the company. Finally, StockNews.com began coverage on Douglas Emmett in a report on Thursday, October 5th. They set a “sell” rating for the company. Four investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $13.91.

Check Out Our Latest Report on Douglas Emmett

Douglas Emmett Profile

(Free Report)

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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