Bamco Inc. NY Acquires 20,000 Shares of Douglas Emmett, Inc. (NYSE:DEI)

Bamco Inc. NY boosted its stake in shares of Douglas Emmett, Inc. (NYSE:DEI) by 0.3% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 6,389,444 shares of the real estate investment trust’s stock after buying an additional 20,000 shares during the period. Bamco Inc. NY owned approximately 3.82% of Douglas Emmett worth $112,263,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of DEI. Swedbank AB acquired a new stake in shares of Douglas Emmett during the first quarter worth $661,000. Manning & Napier Advisors LLC acquired a new stake in shares of Douglas Emmett in the 2nd quarter valued at about $3,825,000. SG Americas Securities LLC lifted its holdings in shares of Douglas Emmett by 623.3% in the second quarter. SG Americas Securities LLC now owns 157,156 shares of the real estate investment trust’s stock valued at $2,092,000 after purchasing an additional 135,428 shares in the last quarter. Aspire Private Capital LLC boosted its position in shares of Douglas Emmett by 20.0% during the second quarter. Aspire Private Capital LLC now owns 9,537 shares of the real estate investment trust’s stock worth $127,000 after buying an additional 1,592 shares during the period. Finally, Raymond James & Associates grew its holdings in shares of Douglas Emmett by 50.6% during the second quarter. Raymond James & Associates now owns 431,342 shares of the real estate investment trust’s stock worth $5,741,000 after buying an additional 144,995 shares in the last quarter. Institutional investors own 97.37% of the company’s stock.

Douglas Emmett Stock Down 1.1 %

Douglas Emmett stock opened at $19.36 on Monday. The company has a debt-to-equity ratio of 1.51, a current ratio of 4.09 and a quick ratio of 4.09. The company’s 50-day moving average is $18.30 and its 200-day moving average is $15.93. The firm has a market capitalization of $3.24 billion, a PE ratio of -193.60 and a beta of 1.10. Douglas Emmett, Inc. has a fifty-two week low of $12.10 and a fifty-two week high of $19.80.

Douglas Emmett (NYSE:DEI) last released its quarterly earnings data on Monday, November 4th. The real estate investment trust reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate 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 the consensus estimate of $242.75 million. During the same quarter in the prior year, the company earned $0.45 EPS. Douglas Emmett’s quarterly revenue was down 1.8% on a year-over-year basis. Sell-side analysts anticipate that Douglas Emmett, Inc. will post 1.7 earnings per share for the current year.

Douglas Emmett Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 16th. Shareholders of record on Monday, September 30th were issued a $0.19 dividend. The ex-dividend date of this dividend was Monday, September 30th. This represents a $0.76 annualized dividend and a dividend yield of 3.93%. Douglas Emmett’s dividend payout ratio is currently -760.00%.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the company. Piper Sandler boosted their target price on Douglas Emmett from $15.00 to $16.00 and gave the company a “neutral” rating in a research note on Monday, August 12th. Scotiabank raised shares of Douglas Emmett from a “sector perform” rating to a “sector outperform” rating and boosted their price objective for the stock from $16.00 to $21.00 in a research report on Thursday, November 14th. Wells Fargo & Company raised 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. JPMorgan Chase & Co. boosted their price target on shares of Douglas Emmett from $15.00 to $18.00 and gave the stock a “neutral” rating in a research report on Monday, September 9th. Finally, Evercore ISI raised their price objective on Douglas Emmett from $16.00 to $19.00 and gave the company an “in-line” rating in a report on Thursday, November 7th. Six research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $17.43.

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.