Douglas Emmett, Inc. (NYSE:DEI) Shares Acquired by Wells Fargo & Company MN

Wells Fargo & Company MN boosted its holdings in Douglas Emmett, Inc. (NYSE:DEI) by 7.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 164,944 shares of the real estate investment trust’s stock after acquiring an additional 11,556 shares during the quarter. Wells Fargo & Company MN owned about 0.10% of Douglas Emmett worth $3,061,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in the stock. Resona Asset Management Co. Ltd. purchased a new position in shares of Douglas Emmett in the fourth quarter valued at $1,234,000. Massachusetts Financial Services Co. MA lifted its holdings in shares of Douglas Emmett by 1.6% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 7,943,811 shares of the real estate investment trust’s stock worth $147,437,000 after acquiring an additional 125,727 shares during the period. Summit Financial LLC purchased a new position in Douglas Emmett during the fourth quarter worth approximately $2,052,000. Pictet Asset Management Holding SA boosted its holdings in Douglas Emmett by 8.9% in the fourth quarter. Pictet Asset Management Holding SA now owns 53,832 shares of the real estate investment trust’s stock valued at $999,000 after acquiring an additional 4,413 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. lifted its stake in shares of Douglas Emmett by 4.8% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 221,500 shares of the real estate investment trust’s stock valued at $4,111,000 after purchasing an additional 10,100 shares in the last quarter. Hedge funds and other institutional investors own 97.37% of the company’s stock.

Analyst Upgrades and Downgrades

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

Douglas Emmett Price Performance

Shares of NYSE:DEI opened at $13.92 on Thursday. The company has a debt-to-equity ratio of 1.50, a current ratio of 4.32 and a quick ratio of 4.09. The stock has a market cap of $2.33 billion, a price-to-earnings ratio of 107.09 and a beta of 1.09. The stock’s 50 day moving average price is $15.51 and its 200 day moving average price is $17.35. Douglas Emmett, Inc. has a 12 month low of $12.39 and a 12 month high of $20.50.

Douglas Emmett (NYSE:DEI) last issued its earnings results 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%. Equities research analysts anticipate that Douglas Emmett, Inc. will post 1.45 earnings per share for the current fiscal year.

Douglas Emmett Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were given a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 5.46%. The ex-dividend date of this dividend was Monday, March 31st. Douglas Emmett’s dividend payout ratio (DPR) is currently 584.62%.

Douglas Emmett Company 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.