Securian Asset Management Inc Reduces Holdings in Douglas Emmett, Inc. (NYSE:DEI)

Securian Asset Management Inc decreased its position in shares of Douglas Emmett, Inc. (NYSE:DEI) by 2.4% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 15,159 shares of the real estate investment trust’s stock after selling 368 shares during the quarter. Securian Asset Management Inc’s holdings in Douglas Emmett were worth $510,000 as of its most recent filing with the SEC.

Other hedge funds have also recently modified their holdings of the company. First Trust Advisors LP grew its holdings in shares of Douglas Emmett by 90.0% during the first quarter. First Trust Advisors LP now owns 57,674 shares of the real estate investment trust’s stock worth $2,331,000 after buying an additional 27,327 shares during the last quarter. Amundi Pioneer Asset Management Inc. lifted its position in Douglas Emmett by 32.2% in the first quarter. Amundi Pioneer Asset Management Inc. now owns 143,553 shares of the real estate investment trust’s stock valued at $5,802,000 after purchasing an additional 34,975 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its position in Douglas Emmett by 5.6% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 57,218 shares of the real estate investment trust’s stock valued at $1,797,000 after purchasing an additional 3,030 shares during the period. Alliancebernstein L.P. lifted its position in Douglas Emmett by 0.9% in the first quarter. Alliancebernstein L.P. now owns 345,224 shares of the real estate investment trust’s stock valued at $10,840,000 after purchasing an additional 3,120 shares during the period. Finally, Swiss National Bank lifted its position in Douglas Emmett by 1.1% in the first quarter. Swiss National Bank now owns 400,700 shares of the real estate investment trust’s stock valued at $12,582,000 after purchasing an additional 4,200 shares during the period. 92.97% of the stock is currently owned by institutional investors.

Shares of NYSE DEI opened at $32.21 on Friday. Douglas Emmett, Inc. has a 52-week low of $22.88 and a 52-week high of $36.95. The firm has a fifty day moving average of $32.96 and a 200-day moving average of $33.40. The stock has a market capitalization of $5.65 billion, a PE ratio of 119.30, a P/E/G ratio of 3.79 and a beta of 0.84. The company has a quick ratio of 3.11, a current ratio of 3.11 and a debt-to-equity ratio of 1.25.

Douglas Emmett (NYSE:DEI) last announced its quarterly earnings data on Tuesday, August 3rd. The real estate investment trust reported $0.09 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.06 by $0.03. Douglas Emmett had a net margin of 5.83% and a return on equity of 1.23%. Equities research analysts expect that Douglas Emmett, Inc. will post 1.82 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 15th. Stockholders of record on Thursday, September 30th will be paid a dividend of $0.28 per share. The ex-dividend date of this dividend is Wednesday, September 29th. This represents a $1.12 annualized dividend and a dividend yield of 3.48%. Douglas Emmett’s dividend payout ratio is presently 61.54%.

A number of brokerages recently commented on DEI. Mizuho upgraded shares of Douglas Emmett from a “neutral” rating to a “buy” rating and raised their price objective for the company from $32.00 to $40.00 in a research report on Thursday, June 3rd. Piper Sandler raised their price objective on shares of Douglas Emmett from $40.00 to $42.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 1st. Six investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, Douglas Emmett has an average rating of “Hold” and an average price target of $34.33.

About Douglas Emmett

Douglas Emmett, Inc is a real estate investment trust, which engages in the acquisition, development, ownership, and management of real estate properties. It operates through the following segments: Office, and Multifamily. The Office segment comprises rental of office space and other tenant services, including parking and storage space rental.

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Institutional Ownership by Quarter for Douglas Emmett (NYSE:DEI)

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