KBC Group NV Sells 23,377 Shares of Douglas Emmett, Inc. (NYSE:DEI)

KBC Group NV trimmed its stake in shares of Douglas Emmett, Inc. (NYSE:DEIFree Report) by 10.0% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 209,298 shares of the real estate investment trust’s stock after selling 23,377 shares during the quarter. KBC Group NV owned about 0.13% of Douglas Emmett worth $3,035,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of DEI. GAMMA Investing LLC acquired a new position in Douglas Emmett in the fourth quarter valued at about $43,000. Frazier Financial Advisors LLC acquired a new position in shares of Douglas Emmett in the 4th quarter valued at approximately $46,000. Metis Global Partners LLC bought a new stake in shares of Douglas Emmett during the 4th quarter worth approximately $156,000. Altfest L J & Co. Inc. acquired a new stake in shares of Douglas Emmett during the 4th quarter worth approximately $183,000. Finally, Pathstone Family Office LLC increased its stake in Douglas Emmett by 12.6% in the third quarter. Pathstone Family Office LLC now owns 14,451 shares of the real estate investment trust’s stock valued at $185,000 after acquiring an additional 1,617 shares during the last quarter. 97.37% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

DEI has been the topic of a number of research analyst reports. Piper Sandler reduced their target price on Douglas Emmett from $17.00 to $15.00 and set a “neutral” rating on the stock in a report on Friday, March 22nd. StockNews.com raised Douglas Emmett from a “sell” rating to a “hold” rating in a research note on Monday, May 20th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, Douglas Emmett presently has a consensus rating of “Hold” and a consensus target price of $13.67.

View Our Latest Research Report on Douglas Emmett

Douglas Emmett Trading Up 0.4 %

Shares of DEI stock opened at $13.66 on Friday. Douglas Emmett, Inc. has a twelve month low of $10.76 and a twelve month high of $16.12. The stock’s fifty day simple moving average is $13.63 and its 200 day simple moving average is $13.69. The company has a quick ratio of 4.42, a current ratio of 4.42 and a debt-to-equity ratio of 1.45. The firm has a market capitalization of $2.29 billion, a P/E ratio of -44.06 and a beta of 1.08.

Douglas Emmett Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 16th. Stockholders of record on Friday, June 28th will be issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 5.56%. The ex-dividend date is Friday, June 28th. Douglas Emmett’s dividend payout ratio (DPR) is currently -245.16%.

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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