Bank of New York Mellon Corp Has $26.96 Million Stock Holdings in Douglas Emmett, Inc. (NYSE:DEI)

Bank of New York Mellon Corp cut its stake in shares of Douglas Emmett, Inc. (NYSE:DEI) by 27.5% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,684,861 shares of the real estate investment trust’s stock after selling 640,343 shares during the period. Bank of New York Mellon Corp owned 1.01% of Douglas Emmett worth $26,958,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Tower Research Capital LLC TRC raised its stake in Douglas Emmett by 203.9% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,927 shares of the real estate investment trust’s stock valued at $54,000 after buying an additional 1,964 shares during the period. GF Fund Management CO. LTD. bought a new stake in Douglas Emmett in the fourth quarter valued at approximately $56,000. Sterling Capital Management LLC raised its stake in Douglas Emmett by 808.8% in the fourth quarter. Sterling Capital Management LLC now owns 5,089 shares of the real estate investment trust’s stock valued at $94,000 after buying an additional 4,529 shares during the period. FIL Ltd raised its stake in Douglas Emmett by 19.0% in the fourth quarter. FIL Ltd now owns 5,546 shares of the real estate investment trust’s stock valued at $103,000 after buying an additional 884 shares during the period. Finally, Quantbot Technologies LP raised its stake in Douglas Emmett by 89.6% in the fourth quarter. Quantbot Technologies LP now owns 9,429 shares of the real estate investment trust’s stock valued at $175,000 after buying an additional 4,455 shares during the period. 97.37% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

DEI has been the topic of a number of recent research reports. Wall Street Zen upgraded Douglas Emmett from a “sell” rating to a “hold” rating in a research note on Monday, May 12th. Scotiabank reduced their price target on Douglas Emmett from $21.00 to $19.00 and set a “sector outperform” rating on the stock in a research report on Monday. Piper Sandler reduced their price target on Douglas Emmett from $20.00 to $18.00 and set an “overweight” rating on the stock in a research report on Friday, May 23rd. Wells Fargo & Company reduced their price target on Douglas Emmett from $20.00 to $16.00 and set an “overweight” rating on the stock in a research report on Monday, May 19th. Finally, BMO Capital Markets set a $17.00 price target on Douglas Emmett and gave the stock a “market perform” rating in a research report on Wednesday. Seven analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $17.78.

Douglas Emmett Trading Up 0.7%

Shares of DEI stock opened at $15.93 on Thursday. The stock’s fifty day moving average price is $14.93 and its two-hundred day moving average price is $15.73. The company has a market cap of $2.67 billion, a PE ratio of 49.79 and a beta of 1.23. Douglas Emmett, Inc. has a fifty-two week low of $12.39 and a fifty-two week high of $20.50. The company has a debt-to-equity ratio of 1.54, a quick ratio of 3.89 and a current ratio of 3.89.

Douglas Emmett (NYSE:DEI) last released its quarterly earnings data on Tuesday, May 6th. The real estate investment trust reported $0.40 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.01. Douglas Emmett had a return on equity of 1.48% and a net margin of 5.48%. The company had revenue of $251.54 million for the quarter, compared to the consensus estimate of $246.49 million. During the same quarter last year, the business posted $0.45 EPS. Douglas Emmett’s revenue for the quarter was up 2.9% on a year-over-year basis. Equities analysts predict that Douglas Emmett, Inc. will post 1.45 EPS for the current fiscal year.

Douglas Emmett Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Monday, June 30th were issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 4.77%. The ex-dividend date was Monday, June 30th. Douglas Emmett’s dividend payout ratio (DPR) is 237.50%.

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.