Toronto Dominion Bank Lowers Stock Position in Douglas Emmett, Inc. (NYSE:DEI)

Toronto Dominion Bank reduced its stake in Douglas Emmett, Inc. (NYSE:DEI) by 5.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,339 shares of the real estate investment trust’s stock after selling 1,499 shares during the quarter. Toronto Dominion Bank’s holdings in Douglas Emmett were worth $833,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Securian Asset Management Inc. raised its stake in Douglas Emmett by 3.8% in the third quarter. Securian Asset Management Inc. now owns 15,736 shares of the real estate investment trust’s stock valued at $497,000 after purchasing an additional 577 shares in the last quarter. Swiss National Bank grew its position in Douglas Emmett by 0.3% during the third quarter. Swiss National Bank now owns 387,800 shares of the real estate investment trust’s stock valued at $12,258,000 after acquiring an additional 1,000 shares during the last quarter. Daiwa Securities Group Inc. grew its position in Douglas Emmett by 8.3% during the third quarter. Daiwa Securities Group Inc. now owns 59,716 shares of the real estate investment trust’s stock valued at $1,888,000 after acquiring an additional 4,553 shares during the last quarter. Pendal Group Ltd grew its position in Douglas Emmett by 1.9% during the third quarter. Pendal Group Ltd now owns 38,720 shares of the real estate investment trust’s stock valued at $1,224,000 after acquiring an additional 707 shares during the last quarter. Finally, Sowell Financial Services LLC grew its position in Douglas Emmett by 53.4% during the third quarter. Sowell Financial Services LLC now owns 53,563 shares of the real estate investment trust’s stock valued at $1,708,000 after acquiring an additional 18,637 shares during the last quarter. 94.67% of the stock is currently owned by institutional investors and hedge funds.

Shares of Douglas Emmett stock opened at $35.31 on Friday. The company has a debt-to-equity ratio of 1.27, a quick ratio of 2.98 and a current ratio of 2.98. Douglas Emmett, Inc. has a 52-week low of $27.15 and a 52-week high of $36.97. The stock has a market capitalization of $6.20 billion, a price-to-earnings ratio of 100.89, a P/E/G ratio of 3.35 and a beta of 0.83. The company’s 50 day moving average price is $34.50 and its 200-day moving average price is $33.61.

Douglas Emmett (NYSE:DEI) last announced its quarterly earnings results on Tuesday, November 2nd. The real estate investment trust reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.35). Douglas Emmett had a return on equity of 1.60% and a net margin of 7.11%. During the same period in the previous year, the business posted $0.40 earnings per share. As a group, equities research analysts forecast that Douglas Emmett, Inc. will post 1.85 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 19th. Investors of record on Friday, December 31st will be paid a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 3.17%. The ex-dividend date is Thursday, December 30th. Douglas Emmett’s payout ratio is 320.01%.

DEI has been the topic of a number of recent research reports. Zacks Investment Research upgraded shares of Douglas Emmett from a “hold” rating to a “buy” rating and set a $40.00 price target on the stock in a research report on Friday, January 7th. Raymond James upgraded shares of Douglas Emmett from a “market perform” rating to an “outperform” rating and set a $41.00 target price on the stock in a report on Monday, January 10th. Finally, Wells Fargo & Company upgraded shares of Douglas Emmett from an “equal weight” rating to an “overweight” rating and set a $38.00 target price on the stock in a report on Tuesday, December 14th. Five analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $40.20.

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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