Invesco Ltd. Lowers Stock Holdings in Douglas Emmett, Inc. (NYSE:DEI)

Invesco Ltd. lessened its position in Douglas Emmett, Inc. (NYSE:DEI) by 12.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 589,223 shares of the real estate investment trust’s stock after selling 83,119 shares during the quarter. Invesco Ltd. owned approximately 0.35% of Douglas Emmett worth $10,936,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of DEI. JPMorgan Chase & Co. increased its stake in Douglas Emmett by 130.6% during the fourth quarter. JPMorgan Chase & Co. now owns 2,684,597 shares of the real estate investment trust’s stock worth $49,826,000 after purchasing an additional 1,520,348 shares during the period. Empowered Funds LLC purchased a new position in Douglas Emmett in the 4th quarter valued at approximately $412,000. Principal Financial Group Inc. grew its stake in shares of Douglas Emmett by 2.9% in the fourth quarter. Principal Financial Group Inc. now owns 811,655 shares of the real estate investment trust’s stock worth $15,064,000 after acquiring an additional 22,878 shares in the last quarter. Cibc World Markets Corp purchased a new stake in shares of Douglas Emmett during the fourth quarter worth $281,000. Finally, Amundi raised its stake in shares of Douglas Emmett by 47.7% in the fourth quarter. Amundi now owns 170,038 shares of the real estate investment trust’s stock valued at $2,874,000 after acquiring an additional 54,899 shares in the last quarter. Institutional investors and hedge funds own 97.37% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. StockNews.com downgraded Douglas Emmett from a “hold” rating to a “sell” rating in a report on Thursday, February 6th. Jefferies Financial Group began coverage on shares of Douglas Emmett in a research note on Monday, March 17th. They set a “hold” rating and a $16.00 target price on the stock. Piper Sandler upgraded shares of Douglas Emmett from a “neutral” rating to an “overweight” rating and set a $20.00 price target for the company in a research note on Monday, January 13th. Wedbush upgraded shares of Douglas Emmett from a “neutral” rating to an “outperform” rating and boosted their price target for the stock from $19.00 to $21.00 in a report on Thursday, January 2nd. Finally, Janney Montgomery Scott reiterated a “neutral” rating on shares of Douglas Emmett in a research note on Wednesday, January 15th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, Douglas Emmett presently has a consensus rating of “Hold” and an average target price of $18.50.

Douglas Emmett Price Performance

Shares of NYSE:DEI opened at $13.68 on Wednesday. The company has a debt-to-equity ratio of 1.50, a current ratio of 4.32 and a quick ratio of 4.09. Douglas Emmett, Inc. has a 12 month low of $12.39 and a 12 month high of $20.50. The firm has a market capitalization of $2.29 billion, a P/E ratio of 105.25 and a beta of 1.09. The company’s fifty day moving average price is $15.58 and its 200 day moving average price is $17.38.

Douglas Emmett (NYSE:DEI) last posted its earnings results on Tuesday, February 4th. The real estate investment trust reported $0.38 earnings per share for the quarter, beating the consensus estimate of ($0.06) by $0.44. Douglas Emmett had a return on equity of 0.63% and a net margin of 2.38%. As a group, sell-side analysts predict that Douglas Emmett, Inc. will post 1.45 earnings per share for the current fiscal year.

Douglas Emmett Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were given a dividend of $0.19 per share. The ex-dividend date of this dividend was Monday, March 31st. This represents a $0.76 dividend on an annualized basis and a dividend yield of 5.56%. Douglas Emmett’s dividend payout ratio (DPR) is presently 584.62%.

Douglas Emmett Profile

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.