Venturi Wealth Management LLC Takes Position in Douglas Emmett, Inc. (NYSE:DEI)

Venturi Wealth Management LLC acquired a new position in Douglas Emmett, Inc. (NYSE:DEI) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 2,721 shares of the real estate investment trust’s stock, valued at approximately $48,000.

Other hedge funds also recently bought and sold shares of the company. ProShare Advisors LLC boosted its position in Douglas Emmett by 7.3% in the first quarter. ProShare Advisors LLC now owns 32,643 shares of the real estate investment trust’s stock worth $453,000 after purchasing an additional 2,234 shares during the last quarter. Entropy Technologies LP bought a new position in shares of Douglas Emmett in the 1st quarter worth approximately $430,000. State Board of Administration of Florida Retirement System boosted its holdings in shares of Douglas Emmett by 187.6% in the first quarter. State Board of Administration of Florida Retirement System now owns 194,108 shares of the real estate investment trust’s stock worth $2,692,000 after buying an additional 126,618 shares during the last quarter. Edgestream Partners L.P. bought a new stake in Douglas Emmett during the first quarter valued at approximately $237,000. Finally, UniSuper Management Pty Ltd increased its holdings in Douglas Emmett by 97.3% during the first quarter. UniSuper Management Pty Ltd now owns 91,365 shares of the real estate investment trust’s stock valued at $1,267,000 after buying an additional 45,065 shares during the last quarter. Hedge funds and other institutional investors own 97.37% of the company’s stock.

Douglas Emmett Price Performance

Shares of NYSE:DEI opened at $18.38 on Friday. The firm has a market cap of $3.08 billion, a price-to-earnings ratio of -183.90 and a beta of 1.10. The firm has a fifty day moving average price of $17.74 and a 200 day moving average price of $15.52. Douglas Emmett, Inc. has a fifty-two week low of $11.08 and a fifty-two week high of $19.59. The company has a debt-to-equity ratio of 1.51, a quick ratio of 5.11 and a current ratio of 4.09.

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

Douglas Emmett Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 16th. Shareholders of record on Monday, September 30th were paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 4.13%. The ex-dividend date was Monday, September 30th. Douglas Emmett’s payout ratio is -760.00%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on DEI shares. Piper Sandler lifted their price target on shares of Douglas Emmett from $15.00 to $16.00 and gave the stock a “neutral” rating in a research note on Monday, August 12th. JPMorgan Chase & Co. lifted their target price on Douglas Emmett from $15.00 to $18.00 and gave the company a “neutral” rating in a research report on Monday, September 9th. Scotiabank raised Douglas Emmett from a “sector perform” rating to a “sector outperform” rating and boosted their price target for the company from $16.00 to $21.00 in a report on Thursday. Citigroup raised their price objective on Douglas Emmett from $14.00 to $16.00 and gave the stock a “neutral” rating in a research note on Thursday, September 12th. Finally, Wells Fargo & Company upped their price target on shares of Douglas Emmett from $15.00 to $17.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 11th. Six research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $17.43.

Douglas Emmett 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.