Douglas Emmett, Inc. (NYSE:DEI) Shares Sold by M&T Bank Corp

M&T Bank Corp decreased its position in shares of Douglas Emmett, Inc. (NYSE:DEI) by 14.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 12,267 shares of the real estate investment trust’s stock after selling 2,121 shares during the quarter. M&T Bank Corp’s holdings in Douglas Emmett were worth $216,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Wolverine Asset Management LLC acquired a new position in Douglas Emmett in the 2nd quarter valued at about $32,000. Venturi Wealth Management LLC acquired a new stake in shares of Douglas Emmett during the third quarter valued at about $48,000. Blue Trust Inc. raised its position in Douglas Emmett by 1,081.5% in the third quarter. Blue Trust Inc. now owns 3,710 shares of the real estate investment trust’s stock valued at $65,000 after purchasing an additional 3,396 shares during the period. GAMMA Investing LLC raised its holdings in shares of Douglas Emmett by 44.6% in the 3rd quarter. GAMMA Investing LLC now owns 3,811 shares of the real estate investment trust’s stock valued at $67,000 after buying an additional 1,175 shares during the period. Finally, Raleigh Capital Management Inc. increased its stake in Douglas Emmett by 62.0% during the third quarter. Raleigh Capital Management Inc. now owns 3,856 shares of the real estate investment trust’s stock worth $68,000 after purchasing an additional 1,476 shares during the period. Hedge funds and other institutional investors own 97.37% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on DEI. Citigroup upped their price objective on Douglas Emmett from $14.00 to $16.00 and gave the stock a “neutral” rating in a research report on Thursday, September 12th. JPMorgan Chase & Co. upped their price objective on Douglas Emmett from $15.00 to $18.00 and gave the stock 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 raised their target price for the stock from $16.00 to $21.00 in a research report on Thursday, November 14th. Evercore ISI increased their price target on shares of Douglas Emmett from $16.00 to $19.00 and gave the company an “in-line” rating in a research note on Thursday, November 7th. Finally, Wells Fargo & Company increased their target price on shares of Douglas Emmett from $15.00 to $17.00 and gave the company 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 issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $17.43.

Douglas Emmett Price Performance

Shares of DEI opened at $17.84 on Friday. The company has a current ratio of 4.09, a quick ratio of 4.09 and a debt-to-equity ratio of 1.51. The stock’s 50 day moving average is $18.85 and its two-hundred day moving average is $16.46. Douglas Emmett, Inc. has a twelve month low of $12.35 and a twelve month high of $20.50. The firm has a market capitalization of $2.99 billion, a PE ratio of -178.40 and a beta of 1.11.

Douglas Emmett (NYSE:DEI) last posted its quarterly earnings results on Monday, November 4th. The real estate investment trust reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates 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 business had revenue of $250.75 million during the quarter, compared to analysts’ expectations of $242.75 million. During the same quarter last year, the firm earned $0.45 earnings per share. The firm’s quarterly revenue was down 1.8% compared to the same quarter last year. Research analysts anticipate that Douglas Emmett, Inc. will post 1.7 earnings per share for the current year.

Douglas Emmett Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be given a dividend of $0.19 per share. The ex-dividend date is Tuesday, December 31st. This represents a $0.76 dividend on an annualized basis and a yield of 4.26%. Douglas Emmett’s payout ratio is -760.00%.

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.