Douglas Emmett, Inc. (NYSE:DEI) Shares Sold by KBC Group NV

KBC Group NV cut its stake in shares of Douglas Emmett, Inc. (NYSE:DEI) by 55.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,908 shares of the real estate investment trust’s stock after selling 6,000 shares during the quarter. KBC Group NV’s holdings in Douglas Emmett were worth $86,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. Victory Capital Management Inc. lifted its stake in shares of Douglas Emmett by 4,395.5% in the 3rd quarter. Victory Capital Management Inc. now owns 1,578,205 shares of the real estate investment trust’s stock worth $27,729,000 after acquiring an additional 1,543,099 shares during the period. Manning & Napier Advisors LLC purchased a new position in Douglas Emmett during the second quarter worth about $3,825,000. Neo Ivy Capital Management acquired a new stake in Douglas Emmett in the second quarter valued at about $2,573,000. Dimensional Fund Advisors LP lifted its position in Douglas Emmett by 8.1% in the second quarter. Dimensional Fund Advisors LP now owns 2,495,263 shares of the real estate investment trust’s stock valued at $33,212,000 after purchasing an additional 186,385 shares during the period. Finally, SG Americas Securities LLC lifted its position in Douglas Emmett by 105.3% in the third quarter. SG Americas Securities LLC now owns 322,585 shares of the real estate investment trust’s stock valued at $5,668,000 after purchasing an additional 165,429 shares during the period. 97.37% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have recently commented on DEI shares. Wells Fargo & Company raised their price target on Douglas Emmett from $15.00 to $17.00 and gave the company an “overweight” rating in a report on Wednesday, September 11th. Evercore ISI increased their price objective on Douglas Emmett from $16.00 to $19.00 and gave the stock an “in-line” rating in a research report on Thursday, November 7th. Scotiabank upgraded shares of Douglas Emmett from a “sector perform” rating to a “sector outperform” rating and boosted their target price for the stock from $16.00 to $21.00 in a research report on Thursday, November 14th. Piper Sandler increased their price target on shares of Douglas Emmett from $15.00 to $16.00 and gave the company a “neutral” rating in a report on Monday, August 12th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Douglas Emmett from $15.00 to $18.00 and gave the company a “neutral” rating in a research note on Monday, September 9th. Six equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Douglas Emmett has an average rating of “Hold” and an average target price of $17.43.

Douglas Emmett Stock Performance

Shares of DEI opened at $19.32 on Friday. Douglas Emmett, Inc. has a 12-month low of $11.08 and a 12-month high of $19.59. The stock has a market cap of $3.23 billion, a P/E ratio of -190.30 and a beta of 1.10. 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 company has a 50-day moving average of $18.01 and a two-hundred day moving average of $15.69.

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

Douglas Emmett Announces Dividend

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

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.