Macquarie Group Ltd. lowered its holdings in shares of Douglas Emmett, Inc. (NYSE:DEI) by 3.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 54,075 shares of the real estate investment trust’s stock after selling 1,800 shares during the period. Macquarie Group Ltd.’s holdings in Douglas Emmett were worth $987,000 as of its most recent SEC filing.
A number of other large investors have also modified their holdings of the stock. Vident Investment Advisory LLC acquired a new stake in Douglas Emmett during the 4th quarter worth $215,000. Hoylecohen LLC acquired a new stake in Douglas Emmett during the 4th quarter worth $1,373,000. Jane Street Group LLC boosted its stake in Douglas Emmett by 262.3% during the 4th quarter. Jane Street Group LLC now owns 37,001 shares of the real estate investment trust’s stock worth $1,519,000 after purchasing an additional 26,789 shares during the period. Millennium Management LLC boosted its stake in Douglas Emmett by 93.2% during the 4th quarter. Millennium Management LLC now owns 982,016 shares of the real estate investment trust’s stock worth $40,322,000 after purchasing an additional 473,779 shares during the period. Finally, Meadow Creek Investment Management LLC boosted its stake in Douglas Emmett by 17.0% during the 4th quarter. Meadow Creek Investment Management LLC now owns 20,440 shares of the real estate investment trust’s stock worth $839,000 after purchasing an additional 2,968 shares during the period. Hedge funds and other institutional investors own 98.30% of the company’s stock.
Shares of Douglas Emmett stock opened at $35.80 on Friday. The firm has a market cap of $6,129.81, a price-to-earnings ratio of 18.84, a PEG ratio of 2.73 and a beta of 0.66. Douglas Emmett, Inc. has a one year low of $34.72 and a one year high of $41.59.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 17th. Stockholders of record on Thursday, March 29th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Wednesday, March 28th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.79%. Douglas Emmett’s dividend payout ratio is presently 52.63%.
A number of analysts recently weighed in on the stock. Barclays increased their price target on shares of Douglas Emmett from $36.00 to $37.00 and gave the stock an “underweight” rating in a research note on Tuesday, January 30th. JPMorgan Chase cut their price objective on shares of Douglas Emmett from $42.00 to $41.00 and set a “neutral” rating for the company in a research report on Friday, March 23rd. Stifel Nicolaus cut their price objective on shares of Douglas Emmett from $43.00 to $40.00 and set a “buy” rating for the company in a research report on Thursday, February 15th. Zacks Investment Research upgraded shares of Douglas Emmett from a “sell” rating to a “hold” rating in a research report on Tuesday, March 20th. Finally, BMO Capital Markets set a $39.00 price objective on shares of Douglas Emmett and gave the stock a “hold” rating in a research report on Tuesday, February 13th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $41.22.
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Douglas Emmett Profile
Douglas Emmett, Inc is a self-administered and self-managed real estate investment trust (REIT). The Company is owner and operator of office and multifamily properties located in submarkets in Los Angeles and Honolulu. The Company operates through two segments: the acquisition, development, ownership and management of office real estate (Office Segment), and the acquisition, development, ownership and management of multifamily real estate (Multifamily Segment).
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