Bamco Inc. NY Has $112.26 Million Position in Douglas Emmett, Inc. (NYSE:DEI)

Bamco Inc. NY raised its position in Douglas Emmett, Inc. (NYSE:DEI) by 0.3% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,389,444 shares of the real estate investment trust’s stock after buying an additional 20,000 shares during the quarter. Bamco Inc. NY’s holdings in Douglas Emmett were worth $112,263,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Wolverine Asset Management LLC acquired a new position in shares of Douglas Emmett in the second quarter valued at about $32,000. Venturi Wealth Management LLC bought a new stake in Douglas Emmett in the 3rd quarter valued at about $48,000. Blue Trust Inc. grew its position in shares of Douglas Emmett by 1,081.5% during the 3rd quarter. Blue Trust Inc. now owns 3,710 shares of the real estate investment trust’s stock worth $65,000 after purchasing an additional 3,396 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of Douglas Emmett by 44.6% during the third quarter. GAMMA Investing LLC now owns 3,811 shares of the real estate investment trust’s stock worth $67,000 after purchasing an additional 1,175 shares during the period. Finally, Raleigh Capital Management Inc. raised its position in shares of Douglas Emmett by 62.0% in the third quarter. Raleigh Capital Management Inc. now owns 3,856 shares of the real estate investment trust’s stock valued at $68,000 after buying an additional 1,476 shares in the last quarter. Institutional investors own 97.37% of the company’s stock.

Analyst Ratings Changes

DEI has been the topic of a number of recent research reports. Piper Sandler raised their price objective on Douglas Emmett from $15.00 to $16.00 and gave the stock a “neutral” rating in a research note on Monday, August 12th. Citigroup raised their price target on Douglas Emmett from $14.00 to $16.00 and gave the stock a “neutral” rating in a research report on Thursday, September 12th. JPMorgan Chase & Co. upped their price objective on shares of Douglas Emmett from $15.00 to $18.00 and gave the stock a “neutral” rating in a research report on Monday, September 9th. Scotiabank raised shares of Douglas Emmett from a “sector perform” rating to a “sector outperform” rating and raised their target price for the company from $16.00 to $21.00 in a report on Thursday, November 14th. Finally, Wells Fargo & Company upped their price target on shares of Douglas Emmett from $15.00 to $17.00 and gave the stock an “overweight” rating in a report on Wednesday, September 11th. Six analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, Douglas Emmett presently has an average rating of “Hold” and a consensus target price of $17.43.

Douglas Emmett Stock Down 1.1 %

DEI stock opened at $19.36 on Monday. The firm has a 50-day moving average price of $18.30 and a 200-day moving average price of $15.93. Douglas Emmett, Inc. has a 12 month low of $12.10 and a 12 month high of $19.80. The company has a current ratio of 4.09, a quick ratio of 4.09 and a debt-to-equity ratio of 1.51. The stock has a market capitalization of $3.24 billion, a P/E ratio of -193.60 and a beta of 1.10.

Douglas Emmett (NYSE:DEI) last issued its earnings results on Monday, November 4th. The real estate investment trust reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.38). The company had revenue of $250.75 million during the quarter, compared to analyst estimates of $242.75 million. Douglas Emmett had a negative net margin of 1.68% and a negative return on equity of 0.43%. The business’s quarterly revenue was down 1.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.45 EPS. As a group, equities research analysts anticipate that Douglas Emmett, Inc. will post 1.7 EPS for the current fiscal year.

Douglas Emmett Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 16th. Investors of record on Monday, September 30th were given a dividend of $0.19 per share. The ex-dividend date of this dividend was Monday, September 30th. This represents a $0.76 dividend on an annualized basis and a yield of 3.93%. Douglas Emmett’s dividend payout ratio is currently -760.00%.

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.