Swedbank AB Boosts Stock Holdings in Douglas Emmett, Inc. (NYSE:DEI)

Swedbank AB increased its position in Douglas Emmett, Inc. (NYSE:DEI) by 23.0% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 45,255 shares of the real estate investment trust’s stock after acquiring an additional 8,468 shares during the period. Swedbank AB’s holdings in Douglas Emmett were worth $795,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. GAMMA Investing LLC raised its stake in shares of 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 worth $67,000 after purchasing an additional 1,175 shares during the last quarter. SG Americas Securities LLC increased its holdings in Douglas Emmett by 105.3% in the 3rd quarter. SG Americas Securities LLC now owns 322,585 shares of the real estate investment trust’s stock worth $5,668,000 after buying an additional 165,429 shares in the last quarter. Quarry LP raised its position in Douglas Emmett by 155.0% in the 2nd quarter. Quarry LP now owns 4,121 shares of the real estate investment trust’s stock worth $55,000 after buying an additional 2,505 shares during the last quarter. Algert Global LLC lifted its stake in Douglas Emmett by 48.0% during the 2nd quarter. Algert Global LLC now owns 51,916 shares of the real estate investment trust’s stock valued at $691,000 after acquiring an additional 16,846 shares during the period. Finally, The Manufacturers Life Insurance Company boosted its holdings in shares of Douglas Emmett by 3.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 91,554 shares of the real estate investment trust’s stock valued at $1,219,000 after acquiring an additional 3,183 shares during the last quarter. 97.37% of the stock is owned by institutional investors.

Douglas Emmett Stock Performance

NYSE:DEI opened at $19.21 on Friday. The company has a debt-to-equity ratio of 1.47, a quick ratio of 5.11 and a current ratio of 5.11. The stock has a 50-day simple moving average of $16.62 and a two-hundred day simple moving average of $14.85. The firm has a market capitalization of $3.22 billion, a PE ratio of -61.97 and a beta of 1.11. Douglas Emmett, Inc. has a 52-week low of $10.76 and a 52-week high of $19.27.

Douglas Emmett (NYSE:DEI) last announced its quarterly earnings data on Thursday, August 8th. The real estate investment trust reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.37). Douglas Emmett had a negative net margin of 3.55% and a negative return on equity of 0.88%. The company had revenue of $245.80 million for the quarter, compared to the consensus estimate of $246.62 million. During the same quarter last year, the firm posted $0.48 earnings per share. The company’s revenue was down 3.0% compared to the same quarter last year. Analysts forecast that Douglas Emmett, Inc. will post 1.67 EPS for the current year.

Douglas Emmett Announces Dividend

The company also recently announced 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 3.96%. The ex-dividend date was Monday, September 30th. Douglas Emmett’s dividend payout ratio (DPR) is -245.16%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Citigroup boosted their price objective on shares of Douglas Emmett from $14.00 to $16.00 and gave the company a “neutral” rating in a report on Thursday, September 12th. Wells Fargo & Company increased 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. Scotiabank lifted their price objective on Douglas Emmett from $14.00 to $16.00 and gave the stock a “sector perform” rating in a report on Monday, August 26th. Evercore ISI increased their target price on Douglas Emmett from $15.00 to $16.00 and gave the company an “in-line” rating in a report on Wednesday, August 28th. Finally, Piper Sandler boosted their price target on Douglas Emmett from $15.00 to $16.00 and gave the company a “neutral” rating in a research note on Monday, August 12th. Seven analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $16.29.

Douglas Emmett Company 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.