Mutual of America Capital Management LLC Has $442,000 Stock Position in Douglas Emmett, Inc. (NYSE:DEI)

Mutual of America Capital Management LLC cut its stake in shares of Douglas Emmett, Inc. (NYSE:DEI) by 8.5% in the third quarter, Holdings Channel reports. The firm owned 25,179 shares of the real estate investment trust’s stock after selling 2,333 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Douglas Emmett were worth $442,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Wolverine Asset Management LLC acquired a new position in shares of Douglas Emmett during the 2nd quarter worth about $32,000. Venturi Wealth Management LLC acquired a new position in Douglas Emmett during the third quarter valued at approximately $48,000. Blue Trust Inc. grew its holdings in Douglas Emmett by 1,081.5% during the third quarter. Blue Trust Inc. now owns 3,710 shares of the real estate investment trust’s stock valued at $65,000 after purchasing an additional 3,396 shares during the period. GAMMA Investing LLC increased its stake in Douglas Emmett by 44.6% in the third quarter. GAMMA Investing LLC now owns 3,811 shares of the real estate investment trust’s stock valued at $67,000 after purchasing an additional 1,175 shares in the last quarter. Finally, Raleigh Capital Management Inc. raised its holdings in 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 worth $68,000 after purchasing an additional 1,476 shares during the period. Institutional investors own 97.37% of the company’s stock.

Analyst Upgrades and Downgrades

DEI has been the subject of a number of recent analyst reports. Piper Sandler upped their price objective 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. Evercore ISI increased their price target on Douglas Emmett from $16.00 to $19.00 and gave the stock an “in-line” rating in a report on Thursday, November 7th. JPMorgan Chase & Co. lifted their price objective on Douglas Emmett from $15.00 to $18.00 and gave the company 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 increased their target price for the stock from $16.00 to $21.00 in a research note on Thursday, November 14th. Finally, Citigroup lifted their price target on shares of Douglas Emmett from $14.00 to $16.00 and gave the company a “neutral” rating in a research note on Thursday, September 12th. Six research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $17.43.

Douglas Emmett Price Performance

NYSE DEI opened at $19.58 on Thursday. The firm’s 50 day moving average is $18.22 and its 200-day moving average is $15.86. The company has a quick ratio of 4.09, a current ratio of 4.09 and a debt-to-equity ratio of 1.51. The company has a market capitalization of $3.28 billion, a PE ratio of -195.80 and a beta of 1.10. Douglas Emmett, Inc. has a 12-month low of $11.09 and a 12-month high of $19.80.

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

Douglas Emmett Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 16th. Stockholders 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 3.88%. 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.