Douglas Emmett, Inc. (NYSE:DEI) Shares Sold by Franklin Resources Inc.

Franklin Resources Inc. cut its stake in Douglas Emmett, Inc. (NYSE:DEI) by 3.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 100,135 shares of the real estate investment trust’s stock after selling 3,358 shares during the period. Franklin Resources Inc. owned about 0.06% of Douglas Emmett worth $1,859,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Geode Capital Management LLC grew its holdings in shares of Douglas Emmett by 0.7% during the third quarter. Geode Capital Management LLC now owns 4,171,839 shares of the real estate investment trust’s stock worth $73,312,000 after buying an additional 26,961 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Douglas Emmett by 0.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,812,708 shares of the real estate investment trust’s stock valued at $70,764,000 after purchasing an additional 14,886 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Douglas Emmett by 130.6% in the fourth quarter. JPMorgan Chase & Co. now owns 2,684,597 shares of the real estate investment trust’s stock valued at $49,826,000 after purchasing an additional 1,520,348 shares during the period. Victory Capital Management Inc. raised its stake in shares of Douglas Emmett by 1.0% during the fourth quarter. Victory Capital Management Inc. now owns 1,593,909 shares of the real estate investment trust’s stock worth $29,583,000 after purchasing an additional 15,704 shares during the last quarter. Finally, Norges Bank purchased a new position in Douglas Emmett in the 4th quarter valued at $23,526,000. 97.37% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have commented on DEI. Jefferies Financial Group initiated coverage on shares of Douglas Emmett in a research report on Monday, March 17th. They set a “hold” rating and a $16.00 price objective for the company. Janney Montgomery Scott reaffirmed a “neutral” rating on shares of Douglas Emmett in a report on Wednesday, January 15th. Piper Sandler raised Douglas Emmett from a “neutral” rating to an “overweight” rating and set a $20.00 target price for the company in a research note on Monday, January 13th. StockNews.com downgraded Douglas Emmett from a “hold” rating to a “sell” rating in a research note on Thursday, February 6th. Finally, Wedbush upgraded Douglas Emmett from a “neutral” rating to an “outperform” rating and increased their price objective for the stock from $19.00 to $21.00 in a research report on Thursday, January 2nd. One research analyst has rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $18.50.

Douglas Emmett Price Performance

Douglas Emmett stock opened at $13.40 on Monday. The company has a quick ratio of 4.09, a current ratio of 4.32 and a debt-to-equity ratio of 1.50. The firm’s 50-day simple moving average is $16.07 and its 200 day simple moving average is $17.56. Douglas Emmett, Inc. has a 52 week low of $12.39 and a 52 week high of $20.50. The firm has a market capitalization of $2.24 billion, a PE ratio of 103.08 and a beta of 1.09.

Douglas Emmett (NYSE:DEI) last issued its quarterly earnings data on Tuesday, February 4th. The real estate investment trust reported $0.38 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.44. Douglas Emmett had a net margin of 2.38% and a return on equity of 0.63%. On average, equities research analysts predict that Douglas Emmett, Inc. will post 1.45 EPS for the current fiscal year.

Douglas Emmett Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be paid a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 5.67%. The ex-dividend date is Monday, March 31st. Douglas Emmett’s payout ratio is currently 584.62%.

About Douglas Emmett

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.