Thrivent Financial For Lutherans raised its stake in shares of Douglas Emmett, Inc. (NYSE:DEI) by 4.6% during the 4th quarter, HoldingsChannel reports. The fund owned 230,736 shares of the real estate investment trust’s stock after acquiring an additional 10,099 shares during the period. Thrivent Financial For Lutherans’ holdings in Douglas Emmett were worth $9,474,000 as of its most recent SEC filing.
Other large investors also recently modified their holdings of the company. Tower Research Capital LLC TRC lifted its stake in Douglas Emmett by 514.2% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,641 shares of the real estate investment trust’s stock valued at $108,000 after acquiring an additional 2,211 shares in the last quarter. Advisors Preferred LLC bought a new position in Douglas Emmett during the 4th quarter valued at $165,000. Advisor Group Inc. lifted its stake in Douglas Emmett by 451.6% during the 3rd quarter. Advisor Group Inc. now owns 4,065 shares of the real estate investment trust’s stock valued at $160,000 after acquiring an additional 3,328 shares in the last quarter. CIBC Asset Management Inc bought a new position in Douglas Emmett during the 3rd quarter valued at $206,000. Finally, Timber Hill LLC bought a new position in Douglas Emmett during the 3rd quarter valued at $206,000. Institutional investors and hedge funds own 98.29% of the company’s stock.
Several equities analysts have weighed in on DEI shares. Zacks Investment Research upgraded Douglas Emmett from a “sell” rating to a “hold” rating in a research note on Monday, January 8th. TheStreet upgraded Douglas Emmett from a “c+” rating to a “b-” rating in a research note on Wednesday, November 15th. Robert W. Baird restated a “buy” rating and set a $45.00 price objective on shares of Douglas Emmett in a research note on Tuesday, January 9th. Sandler O’Neill restated a “hold” rating and set a $42.00 price objective on shares of Douglas Emmett in a research note on Tuesday, January 23rd. Finally, BMO Capital Markets set a $39.00 target price on Douglas Emmett and gave the stock a “hold” rating in a research note on Tuesday, February 13th. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $41.00.
Douglas Emmett (NYSE:DEI) last released its earnings results on Tuesday, February 13th. The real estate investment trust reported $0.17 EPS for the quarter, missing the Zacks’ consensus estimate of $0.18 by ($0.01). The business had revenue of $209.19 million for the quarter, compared to the consensus estimate of $202.00 million. Douglas Emmett had a return on equity of 2.69% and a net margin of 12.36%. equities analysts expect that Douglas Emmett, Inc. will post 1.99 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 17th. Stockholders of record on Thursday, March 29th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.68%. The ex-dividend date is Wednesday, March 28th. Douglas Emmett’s payout ratio is 175.44%.
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About Douglas Emmett
Douglas Emmett, Inc is a self-administered and self-managed real estate investment trust (REIT). The Company is owner and operator of office and multifamily properties located in submarkets in Los Angeles and Honolulu. The Company operates through two segments: the acquisition, development, ownership and management of office real estate (Office Segment), and the acquisition, development, ownership and management of multifamily real estate (Multifamily Segment).
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