Thrivent Financial for Lutherans Has $2.31 Million Stock Holdings in Douglas Emmett, Inc. (NYSE:DEI)

Thrivent Financial for Lutherans trimmed its stake in Douglas Emmett, Inc. (NYSE:DEI) by 5.4% in the third quarter, HoldingsChannel reports. The firm owned 131,465 shares of the real estate investment trust’s stock after selling 7,484 shares during the period. Thrivent Financial for Lutherans’ holdings in Douglas Emmett were worth $2,310,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of DEI. Wolverine Asset Management LLC acquired a new position in shares of Douglas Emmett during the second quarter valued at about $32,000. Venturi Wealth Management LLC acquired a new position in shares of Douglas Emmett during the third quarter valued at about $48,000. Blue Trust Inc. grew its holdings in shares of 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 buying an additional 3,396 shares during the last quarter. GAMMA Investing LLC grew its holdings in shares of Douglas Emmett by 44.6% during the third quarter. GAMMA Investing LLC now owns 3,811 shares of the real estate investment trust’s stock valued at $67,000 after buying an additional 1,175 shares during the last quarter. Finally, Raleigh Capital Management Inc. grew its holdings in shares of Douglas Emmett by 62.0% during the third quarter. Raleigh Capital Management Inc. now owns 3,856 shares of the real estate investment trust’s stock valued at $68,000 after buying an additional 1,476 shares during the last quarter. 97.37% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently weighed in on DEI. Evercore ISI boosted their price target on shares of 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. boosted their price target on shares of Douglas Emmett from $15.00 to $18.00 and gave the stock a “neutral” rating in a report on Monday, September 9th. Wells Fargo & Company boosted their price target on shares of Douglas Emmett from $15.00 to $17.00 and gave the stock an “overweight” rating in a report on Wednesday, September 11th. Piper Sandler boosted their price target on shares of Douglas Emmett from $15.00 to $16.00 and gave the stock a “neutral” rating in a report on Monday, August 12th. Finally, Citigroup boosted their price target on shares of Douglas Emmett from $14.00 to $16.00 and gave the stock a “neutral” rating in a report on Thursday, September 12th. Six investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $17.43.

Douglas Emmett Price Performance

DEI stock opened at $19.58 on Thursday. The company has a debt-to-equity ratio of 1.51, a quick ratio of 4.09 and a current ratio of 4.09. Douglas Emmett, Inc. has a 52 week low of $11.09 and a 52 week high of $19.80. The firm’s fifty day moving average is $18.22 and its 200 day moving average is $15.86. The firm has a market cap of $3.28 billion, a P/E ratio of -195.80 and a beta of 1.10.

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

Douglas Emmett Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 16th. Investors of record on Monday, September 30th were given a dividend of $0.19 per share. The ex-dividend date was Monday, September 30th. This represents a $0.76 dividend on an annualized basis and a yield of 3.88%. Douglas Emmett’s dividend payout ratio (DPR) is currently -760.00%.

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.