Crossmark Global Holdings Inc. lowered its holdings in Douglas Emmett, Inc. (NYSE:DEI) by 3.9% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 13,170 shares of the real estate investment trust’s stock after selling 530 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Douglas Emmett were worth $564,000 as of its most recent filing with the SEC.
Other institutional investors have also bought and sold shares of the company. NEXT Financial Group Inc boosted its stake in Douglas Emmett by 76.3% in the second quarter. NEXT Financial Group Inc now owns 1,733 shares of the real estate investment trust’s stock worth $69,000 after purchasing an additional 750 shares in the last quarter. Altshuler Shaham Ltd boosted its stake in Douglas Emmett by 102.2% in the second quarter. Altshuler Shaham Ltd now owns 2,218 shares of the real estate investment trust’s stock worth $89,000 after purchasing an additional 1,121 shares in the last quarter. Exane Derivatives acquired a new position in Douglas Emmett in the second quarter worth $194,000. Great Lakes Advisors LLC acquired a new position in Douglas Emmett in the second quarter worth $201,000. Finally, Natixis acquired a new position in Douglas Emmett in the second quarter worth $209,000. 92.46% of the stock is currently owned by institutional investors.
A number of research firms have recently weighed in on DEI. Robert W. Baird set a $51.00 target price on Douglas Emmett and gave the stock a “buy” rating in a research report on Wednesday, August 21st. Barclays restated a “hold” rating and set a $47.00 target price on shares of Douglas Emmett in a research report on Sunday. Zacks Investment Research upgraded Douglas Emmett from a “hold” rating to a “buy” rating and set a $47.00 target price for the company in a research report on Tuesday. Finally, ValuEngine downgraded Douglas Emmett from a “hold” rating to a “sell” rating in a research report on Wednesday, October 2nd. One investment analyst has rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $43.63.
Douglas Emmett (NYSE:DEI) last released its earnings results on Monday, August 5th. The real estate investment trust reported $0.54 earnings per share for the quarter, topping analysts’ consensus estimates of $0.53 by $0.01. The company had revenue of $230.50 million during the quarter, compared to the consensus estimate of $226.45 million. Douglas Emmett had a return on equity of 3.05% and a net margin of 13.54%. The firm’s quarterly revenue was up 5.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.51 earnings per share. As a group, equities research analysts anticipate that Douglas Emmett, Inc. will post 2.1 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, October 16th. Stockholders of record on Monday, September 30th were given a dividend of $0.26 per share. The ex-dividend date was Friday, September 27th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.45%. Douglas Emmett’s payout ratio is currently 51.49%.
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.
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