UBS Group AG cut its holdings in shares of Douglas Emmett, Inc. (NYSE:DEI – Free Report) by 37.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 301,412 shares of the real estate investment trust’s stock after selling 179,003 shares during the period. UBS Group AG’s holdings in Douglas Emmett were worth $3,313,000 as of its most recent SEC filing.
Other large investors also recently modified their holdings of the company. EverSource Wealth Advisors LLC grew its stake in shares of Douglas Emmett by 220.8% during the second quarter. EverSource Wealth Advisors LLC now owns 1,694 shares of the real estate investment trust’s stock valued at $25,000 after acquiring an additional 1,166 shares in the last quarter. Westside Investment Management Inc. lifted its position in shares of Douglas Emmett by 100.0% during the third quarter. Westside Investment Management Inc. now owns 1,840 shares of the real estate investment trust’s stock worth $29,000 after purchasing an additional 920 shares during the last quarter. Advisory Services Network LLC bought a new position in shares of Douglas Emmett during the third quarter worth about $32,000. Hantz Financial Services Inc. lifted its position in shares of Douglas Emmett by 448.3% during the third quarter. Hantz Financial Services Inc. now owns 2,621 shares of the real estate investment trust’s stock worth $41,000 after purchasing an additional 2,143 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Douglas Emmett by 33.4% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,894 shares of the real estate investment trust’s stock worth $54,000 after purchasing an additional 1,226 shares during the last quarter. 97.37% of the stock is currently owned by institutional investors and hedge funds.
Douglas Emmett Stock Performance
Shares of NYSE DEI opened at $11.49 on Monday. The company has a quick ratio of 2.63, a current ratio of 2.63 and a debt-to-equity ratio of 1.62. The firm’s 50-day moving average price is $10.41 and its two-hundred day moving average price is $10.84. Douglas Emmett, Inc. has a 52-week low of $9.04 and a 52-week high of $16.99. The stock has a market capitalization of $1.92 billion, a P/E ratio of -67.56, a P/E/G ratio of 5.98 and a beta of 1.14.
Douglas Emmett Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st were issued a $0.19 dividend. The ex-dividend date of this dividend was Tuesday, March 31st. This represents a $0.76 dividend on an annualized basis and a yield of 6.6%. Douglas Emmett’s dividend payout ratio (DPR) is currently -447.06%.
Analyst Upgrades and Downgrades
DEI has been the topic of several research analyst reports. Cantor Fitzgerald increased their price target on shares of Douglas Emmett from $11.00 to $12.00 and gave the stock a “neutral” rating in a research report on Monday, May 11th. Weiss Ratings cut shares of Douglas Emmett from a “sell (d+)” rating to a “sell (d)” rating in a research report on Monday, May 4th. Evercore set a $12.00 price target on shares of Douglas Emmett in a research report on Wednesday, February 11th. Citigroup increased their price target on shares of Douglas Emmett from $10.00 to $12.00 and gave the stock a “neutral” rating in a research report on Monday, May 11th. Finally, Piper Sandler reduced their price target on shares of Douglas Emmett from $14.00 to $11.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 17th. One equities research analyst has rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $13.38.
Check Out Our Latest Analysis on Douglas Emmett
About Douglas Emmett
Douglas Emmett, Inc is a publicly traded real estate investment trust headquartered in Santa Monica, California. The company specializes in the ownership, management and development of high‐quality office and multifamily properties, primarily concentrated in the coastal regions of Los Angeles County and the Greater Honolulu area. As a vertically integrated real estate platform, Douglas Emmett controls all aspects of property operations, leasing, capital improvements and tenant relations, positioning it to deliver stable, long‐term cash flows.
The company’s office portfolio consists predominantly of Class A buildings located in prime business districts, featuring modern amenities, campus-like settings and environmentally conscious design elements.
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