Heitman Real Estate Securities LLC Sells 10,530 Shares of Douglas Emmett, Inc. (NYSE:DEI)

Heitman Real Estate Securities LLC decreased its position in Douglas Emmett, Inc. (NYSE:DEI) by 12.2% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 75,497 shares of the real estate investment trust’s stock after selling 10,530 shares during the quarter. Heitman Real Estate Securities LLC’s holdings in Douglas Emmett were worth $1,326,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of the company. Wolverine Asset Management LLC purchased a new stake in Douglas Emmett during the second quarter valued at $32,000. Venturi Wealth Management LLC purchased a new stake in shares of Douglas Emmett during the 3rd quarter valued at about $48,000. Quarry LP lifted its holdings in shares of Douglas Emmett by 155.0% in the 2nd quarter. Quarry LP now owns 4,121 shares of the real estate investment trust’s stock valued at $55,000 after acquiring an additional 2,505 shares during the last quarter. Blue Trust Inc. grew 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 worth $65,000 after acquiring an additional 3,396 shares in the last quarter. Finally, GAMMA Investing LLC grew its position in Douglas Emmett by 44.6% in the third quarter. GAMMA Investing LLC now owns 3,811 shares of the real estate investment trust’s stock worth $67,000 after acquiring an additional 1,175 shares in the last quarter. 97.37% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Douglas Emmett Price Performance

Shares of Douglas Emmett stock opened at $19.28 on Tuesday. 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 firm’s 50-day moving average is $18.34 and its two-hundred day moving average is $15.97. Douglas Emmett, Inc. has a 1 year low of $12.35 and a 1 year high of $19.80.

Douglas Emmett (NYSE:DEI) last announced its quarterly earnings results on Monday, November 4th. The real estate investment trust reported $0.03 earnings per share (EPS) 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 company had revenue of $250.75 million during the quarter, compared to analysts’ expectations of $242.75 million. During the same quarter in the prior year, the business posted $0.45 earnings per share. The company’s revenue was down 1.8% compared to the same quarter last year. As a group, sell-side analysts anticipate that Douglas Emmett, Inc. will post 1.7 EPS for the current fiscal year.

Douglas Emmett Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 16th. Investors of record on Monday, September 30th were paid a dividend of $0.19 per share. The ex-dividend date was Monday, September 30th. This represents a $0.76 annualized dividend and a dividend yield of 3.94%. Douglas Emmett’s dividend payout ratio (DPR) is presently -760.00%.

About Douglas Emmett

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.