Schroder Investment Management Group Has $19.11 Million Position in Douglas Emmett, Inc. (NYSE:DEI)

Schroder Investment Management Group lowered its stake in shares of Douglas Emmett, Inc. (NYSE:DEI) by 17.2% during the 4th quarter, Holdings Channel.com reports. The firm owned 1,042,517 shares of the real estate investment trust’s stock after selling 215,951 shares during the quarter. Schroder Investment Management Group’s holdings in Douglas Emmett were worth $19,109,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in DEI. Geode Capital Management LLC raised its stake in Douglas Emmett by 0.7% during the 3rd quarter. Geode Capital Management LLC now owns 4,171,839 shares of the real estate investment trust’s stock worth $73,312,000 after buying an additional 26,961 shares during the period. Empowered Funds LLC acquired a new position in shares of Douglas Emmett during the fourth quarter worth approximately $412,000. Principal Financial Group Inc. lifted its holdings in shares of Douglas Emmett by 2.9% in the 4th quarter. Principal Financial Group Inc. now owns 811,655 shares of the real estate investment trust’s stock worth $15,064,000 after purchasing an additional 22,878 shares in the last quarter. KBC Group NV grew its position in Douglas Emmett by 41.1% in the 4th quarter. KBC Group NV now owns 6,926 shares of the real estate investment trust’s stock valued at $129,000 after purchasing an additional 2,018 shares during the period. Finally, Amundi increased its stake in Douglas Emmett by 47.7% during the 4th quarter. Amundi now owns 170,038 shares of the real estate investment trust’s stock valued at $2,874,000 after purchasing an additional 54,899 shares in the last quarter. 97.37% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Douglas Emmett Stock Performance

NYSE DEI opened at $16.31 on Thursday. The company has a debt-to-equity ratio of 1.50, a quick ratio of 4.09 and a current ratio of 4.32. The company has a market capitalization of $2.73 billion, a PE ratio of 125.47 and a beta of 1.13. Douglas Emmett, Inc. has a 52-week low of $12.50 and a 52-week high of $20.50. The company has a 50-day simple moving average of $16.80 and a 200 day simple moving average of $17.78.

Douglas Emmett (NYSE:DEI) last issued its quarterly earnings results on Tuesday, February 4th. The real estate investment trust reported $0.38 EPS for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.44. Douglas Emmett had a return on equity of 0.63% and a net margin of 2.38%. On average, research analysts predict that Douglas Emmett, Inc. will post 1.45 EPS for the current year.

Douglas Emmett Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be paid a $0.19 dividend. The ex-dividend date is Monday, March 31st. This represents a $0.76 annualized dividend and a yield of 4.66%. Douglas Emmett’s dividend payout ratio is currently 584.62%.

About Douglas Emmett

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.