Douglas Emmett, Inc. (NYSE:DEI) Shares Purchased by Principal Financial Group Inc.

Principal Financial Group Inc. increased its holdings in shares of Douglas Emmett, Inc. (NYSE:DEIFree Report) by 2.7% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 833,426 shares of the real estate investment trust’s stock after acquiring an additional 21,771 shares during the period. Principal Financial Group Inc. owned approximately 0.50% of Douglas Emmett worth $13,335,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the business. Tower Research Capital LLC TRC boosted its holdings in Douglas Emmett by 203.9% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,927 shares of the real estate investment trust’s stock worth $54,000 after buying an additional 1,964 shares during the last quarter. GF Fund Management CO. LTD. purchased a new position in Douglas Emmett in the 4th quarter worth approximately $56,000. Sterling Capital Management LLC lifted its stake in Douglas Emmett by 808.8% in the 4th quarter. Sterling Capital Management LLC now owns 5,089 shares of the real estate investment trust’s stock worth $94,000 after purchasing an additional 4,529 shares in the last quarter. FIL Ltd lifted its stake in Douglas Emmett by 19.0% in the 4th quarter. FIL Ltd now owns 5,546 shares of the real estate investment trust’s stock worth $103,000 after purchasing an additional 884 shares in the last quarter. Finally, Quantbot Technologies LP lifted its stake in Douglas Emmett by 89.6% in the 4th quarter. Quantbot Technologies LP now owns 9,429 shares of the real estate investment trust’s stock worth $175,000 after purchasing an additional 4,455 shares in the last quarter. 97.37% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have weighed in on DEI. Wells Fargo & Company decreased their target price on shares of Douglas Emmett from $20.00 to $16.00 and set an “overweight” rating on the stock in a research note on Monday, May 19th. Jefferies Financial Group began coverage on shares of Douglas Emmett in a research note on Monday, March 17th. They issued a “hold” rating and a $16.00 target price on the stock. Piper Sandler decreased their target price on shares of Douglas Emmett from $20.00 to $18.00 and set an “overweight” rating on the stock in a research note on Friday, May 23rd. Finally, Wall Street Zen raised shares of Douglas Emmett from a “sell” rating to a “hold” rating in a research note on Monday, May 12th. Six analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $18.13.

Read Our Latest Stock Report on DEI

Douglas Emmett Stock Up 0.2%

DEI stock opened at $16.10 on Friday. The firm has a market cap of $2.70 billion, a PE ratio of 50.31 and a beta of 1.23. The company has a debt-to-equity ratio of 1.54, a quick ratio of 3.89 and a current ratio of 3.89. The firm’s 50 day moving average price is $14.83 and its 200-day moving average price is $15.76. Douglas Emmett, Inc. has a one year low of $12.39 and a one year high of $20.50.

Douglas Emmett (NYSE:DEIGet Free Report) last released its quarterly earnings results on Tuesday, May 6th. The real estate investment trust reported $0.40 EPS for the quarter, beating the consensus estimate of $0.39 by $0.01. The firm had revenue of $251.54 million for the quarter, compared to analyst estimates of $246.49 million. Douglas Emmett had a net margin of 5.48% and a return on equity of 1.48%. The business’s revenue for the quarter was up 2.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.45 EPS. On average, equities research analysts anticipate that Douglas Emmett, Inc. will post 1.45 EPS for the current year.

Douglas Emmett Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be given a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 4.72%. The ex-dividend date of this dividend is Monday, June 30th. Douglas Emmett’s payout ratio is 237.50%.

Douglas Emmett Company 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.

Further Reading

Institutional Ownership by Quarter for Douglas Emmett (NYSE:DEI)

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