Sowell Financial Services LLC Decreases Holdings in Douglas Emmett, Inc. (NYSE:DEI)

Sowell Financial Services LLC decreased its position in shares of Douglas Emmett, Inc. (NYSE:DEI) by 4.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 130,737 shares of the real estate investment trust’s stock after selling 6,251 shares during the quarter. Sowell Financial Services LLC’s holdings in Douglas Emmett were worth $2,426,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Geode Capital Management LLC boosted its stake in shares of Douglas Emmett by 0.7% during the 3rd quarter. Geode Capital Management LLC now owns 4,171,839 shares of the real estate investment trust’s stock worth $73,312,000 after acquiring an additional 26,961 shares in the last quarter. Empowered Funds LLC purchased a new stake in shares of Douglas Emmett during the 4th quarter worth approximately $412,000. Principal Financial Group Inc. boosted its stake in shares of Douglas Emmett by 2.9% during the 4th quarter. Principal Financial Group Inc. now owns 811,655 shares of the real estate investment trust’s stock worth $15,064,000 after acquiring an additional 22,878 shares in the last quarter. KBC Group NV boosted its stake in shares of Douglas Emmett by 41.1% during the 4th quarter. KBC Group NV now owns 6,926 shares of the real estate investment trust’s stock worth $129,000 after acquiring an additional 2,018 shares in the last quarter. Finally, Intech Investment Management LLC purchased a new stake in Douglas Emmett in the 3rd quarter valued at approximately $650,000. Hedge funds and other institutional investors own 97.37% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on DEI shares. StockNews.com lowered Douglas Emmett from a “hold” rating to a “sell” rating in a research note on Thursday, February 6th. Janney Montgomery Scott reaffirmed a “neutral” rating on shares of Douglas Emmett in a research note on Wednesday, January 15th. Piper Sandler raised Douglas Emmett from a “neutral” rating to an “overweight” rating and set a $20.00 target price on the stock in a research note on Monday, January 13th. Jefferies Financial Group upped their target price on Douglas Emmett from $17.00 to $18.00 and gave the company a “hold” rating in a research note on Thursday, January 2nd. Finally, Scotiabank raised Douglas Emmett from a “sector perform” rating to a “sector outperform” rating and upped their target price for the company from $16.00 to $21.00 in a research note on Thursday, November 14th. One analyst has rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $18.75.

Douglas Emmett Trading Up 4.8 %

Shares of DEI opened at $17.38 on Monday. The stock has a fifty day moving average of $17.34 and a two-hundred day moving average of $17.76. The company has a debt-to-equity ratio of 1.50, a quick ratio of 4.09 and a current ratio of 4.32. The company has a market capitalization of $2.91 billion, a PE ratio of 133.70 and a beta of 1.13. Douglas Emmett, Inc. has a fifty-two week low of $12.50 and a fifty-two week high of $20.50.

Douglas Emmett (NYSE:DEI) last released its quarterly earnings data on Tuesday, February 4th. The real estate investment trust reported $0.38 EPS for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.44. Douglas Emmett had a return on equity of 0.63% and a net margin of 2.38%. As a group, analysts forecast that Douglas Emmett, Inc. will post 1.45 EPS for the current year.

Douglas Emmett Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be issued a dividend of $0.19 per share. The ex-dividend date is Monday, March 31st. This represents a $0.76 dividend on an annualized basis and a dividend yield of 4.37%. Douglas Emmett’s payout ratio is 584.62%.

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.