Kemper Corp Master Retirement Trust lifted its stake in Douglas Emmett, Inc. (NYSE:DEI) by 0.2% in the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 10,785 shares of the real estate investment trust’s stock after purchasing an additional 25 shares during the quarter. Kemper Corp Master Retirement Trust’s holdings in Douglas Emmett were worth $412,000 at the end of the most recent reporting period.
Several other institutional investors also recently made changes to their positions in the company. Cambridge Investment Research Advisors Inc. boosted its holdings in shares of Douglas Emmett by 0.4% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 7,581 shares of the real estate investment trust’s stock worth $290,000 after purchasing an additional 27 shares during the period. Bollard Group LLC boosted its holdings in shares of Douglas Emmett by 0.6% in the 2nd quarter. Bollard Group LLC now owns 15,880 shares of the real estate investment trust’s stock worth $607,000 after purchasing an additional 92 shares during the period. Public Employees Retirement Association of Colorado boosted its holdings in shares of Douglas Emmett by 0.4% in the 2nd quarter. Public Employees Retirement Association of Colorado now owns 34,892 shares of the real estate investment trust’s stock worth $1,333,000 after purchasing an additional 130 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in shares of Douglas Emmett by 0.9% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 21,433 shares of the real estate investment trust’s stock worth $819,000 after purchasing an additional 188 shares during the period. Finally, PNC Financial Services Group Inc. boosted its holdings in shares of Douglas Emmett by 9.1% in the 1st quarter. PNC Financial Services Group Inc. now owns 3,600 shares of the real estate investment trust’s stock worth $139,000 after purchasing an additional 299 shares during the period. Hedge funds and other institutional investors own 96.15% of the company’s stock.
A number of equities analysts recently issued reports on the company. BidaskClub cut Douglas Emmett from a “sell” rating to a “strong sell” rating in a report on Wednesday, August 9th. Zacks Investment Research cut Douglas Emmett from a “buy” rating to a “hold” rating in a report on Friday, August 4th. Stifel Nicolaus upgraded Douglas Emmett from a “hold” rating to a “buy” rating and boosted their price objective for the company from $38.00 to $42.00 in a report on Tuesday, August 8th. KeyCorp restated a “hold” rating on shares of Douglas Emmett in a report on Sunday, September 24th. Finally, BMO Capital Markets restated a “hold” rating and set a $39.00 price objective on shares of Douglas Emmett in a report on Tuesday, July 4th. Four research analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $39.56.
In other Douglas Emmett news, Chairman Dan A. Emmett sold 100,000 shares of the firm’s stock in a transaction on Thursday, August 17th. The stock was sold at an average price of $37.96, for a total value of $3,796,000.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Over the last 90 days, insiders sold 300,000 shares of company stock worth $11,492,000. 17.80% of the stock is owned by insiders.
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Shares of Douglas Emmett, Inc. (DEI) traded down 0.62% during midday trading on Friday, reaching $40.06. The company’s stock had a trading volume of 989,889 shares. Douglas Emmett, Inc. has a one year low of $33.78 and a one year high of $40.79. The stock’s 50-day moving average is $38.86 and its 200-day moving average is $38.46. The company has a market capitalization of $6.52 billion, a P/E ratio of 68.48 and a beta of 0.70.
Douglas Emmett (NYSE:DEI) last posted its quarterly earnings results on Tuesday, August 1st. The real estate investment trust reported $0.47 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.48 by ($0.01). Douglas Emmett had a net margin of 12.00% and a return on equity of 2.95%. The business had revenue of $199.60 million during the quarter, compared to analyst estimates of $198.60 million. During the same quarter in the prior year, the business earned $0.46 earnings per share. The firm’s quarterly revenue was up 6.6% on a year-over-year basis. On average, equities analysts expect that Douglas Emmett, Inc. will post $0.55 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, October 13th. Shareholders of record on Friday, September 29th will be paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 2.30%. The ex-dividend date is Thursday, September 28th. Douglas Emmett’s dividend payout ratio is presently 155.93%.
Douglas Emmett Profile
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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