Charles Schwab Investment Management Inc. Grows Stock Position in Douglas Emmett, Inc. (NYSE:DEI)

Charles Schwab Investment Management Inc. increased its position in shares of Douglas Emmett, Inc. (NYSE:DEI) by 3.5% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,797,822 shares of the real estate investment trust’s stock after purchasing an additional 127,274 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 2.27% of Douglas Emmett worth $66,728,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in DEI. Intech Investment Management LLC purchased a new stake in shares of Douglas Emmett during the third quarter worth $650,000. Natixis Advisors LLC boosted its position in Douglas Emmett by 8.5% during the third quarter. Natixis Advisors LLC now owns 56,088 shares of the real estate investment trust’s stock worth $985,000 after acquiring an additional 4,410 shares during the last quarter. Metis Global Partners LLC boosted its position in Douglas Emmett by 31.6% during the third quarter. Metis Global Partners LLC now owns 17,240 shares of the real estate investment trust’s stock worth $303,000 after acquiring an additional 4,142 shares during the last quarter. Victory Capital Management Inc. grew its stake in Douglas Emmett by 4,395.5% during the 3rd quarter. Victory Capital Management Inc. now owns 1,578,205 shares of the real estate investment trust’s stock valued at $27,729,000 after acquiring an additional 1,543,099 shares in the last quarter. Finally, Venturi Wealth Management LLC acquired a new stake in Douglas Emmett in the 3rd quarter valued at about $48,000. 97.37% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Douglas Emmett Price Performance

Douglas Emmett stock opened at $19.58 on Friday. The company’s 50 day simple moving average is $18.26 and its 200-day simple moving average is $15.88. The company has a debt-to-equity ratio of 1.51, a quick ratio of 4.09 and a current ratio of 4.09. Douglas Emmett, Inc. has a 1 year low of $11.09 and a 1 year high of $19.80. The company has a market capitalization of $3.28 billion, a price-to-earnings ratio of -195.80 and a beta of 1.10.

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

Douglas Emmett Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 16th. Shareholders of record on Monday, September 30th were given a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 3.88%. The ex-dividend date was Monday, September 30th. 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.