Honeywell International Inc. acquired a new position in shares of Douglas Emmett, Inc. (NYSE:DEI) during the second quarter, Holdings Channel reports. The institutional investor acquired 13,675 shares of the real estate investment trust’s stock, valued at approximately $523,000.

Other large investors have also made changes to their positions in the company. Teachers Advisors LLC increased its stake in shares of Douglas Emmett by 30.1% in the fourth quarter. Teachers Advisors LLC now owns 193,619 shares of the real estate investment trust’s stock worth $7,079,000 after buying an additional 44,783 shares in the last quarter. Bank of Montreal Can raised its position in Douglas Emmett by 59.3% in the first quarter. Bank of Montreal Can now owns 204,989 shares of the real estate investment trust’s stock worth $7,872,000 after buying an additional 76,305 shares during the last quarter. Capstone Asset Management Co. raised its position in Douglas Emmett by 3.1% in the first quarter. Capstone Asset Management Co. now owns 11,248 shares of the real estate investment trust’s stock worth $432,000 after buying an additional 340 shares during the last quarter. Louisiana State Employees Retirement System raised its position in Douglas Emmett by 3.1% in the first quarter. Louisiana State Employees Retirement System now owns 36,700 shares of the real estate investment trust’s stock worth $1,409,000 after buying an additional 1,100 shares during the last quarter. Finally, Bollard Group LLC raised its position in Douglas Emmett by 5.6% in the first quarter. Bollard Group LLC now owns 15,788 shares of the real estate investment trust’s stock worth $606,000 after buying an additional 842 shares during the last quarter. 97.43% of the stock is owned by institutional investors and hedge funds.

Shares of Douglas Emmett, Inc. (NYSE DEI) opened at 37.79 on Thursday. Douglas Emmett, Inc. has a 52 week low of $33.78 and a 52 week high of $40.79. The stock has a 50 day moving average of $38.06 and a 200-day moving average of $38.50. The firm has a market capitalization of $5.89 billion, a price-to-earnings ratio of 64.60 and a beta of 0.69.

Douglas Emmett (NYSE:DEI) last announced its earnings results on Tuesday, August 1st. The real estate investment trust reported $0.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.48 by $0.01. The firm had revenue of $199.60 million for the quarter, compared to analyst estimates of $198.60 million. Douglas Emmett had a return on equity of 2.95% and a net margin of 12.00%. The company’s revenue for the quarter was up 6.6% compared to the same quarter last year. During the same quarter last year, the business earned $0.46 EPS. Analysts expect that Douglas Emmett, Inc. will post $0.56 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, July 14th. Investors of record on Friday, June 30th were given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.43%. The ex-dividend date was Wednesday, June 28th. Douglas Emmett’s dividend payout ratio (DPR) is currently 155.93%.

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DEI has been the subject of a number of analyst reports. Stifel Nicolaus raised shares of Douglas Emmett from a “hold” rating to a “buy” rating and boosted their target price for the company from $38.00 to $42.00 in a research note on Wednesday, August 2nd. They noted that the move was a valuation call. Zacks Investment Research raised shares of Douglas Emmett from a “hold” rating to a “buy” rating and set a $43.00 target price for the company in a research note on Tuesday, July 18th. BMO Capital Markets reissued a “hold” rating and set a $39.00 target price on shares of Douglas Emmett in a research note on Tuesday, July 4th. BidaskClub raised shares of Douglas Emmett from a “sell” rating to a “hold” rating in a research note on Thursday, June 15th. Finally, DA Davidson lowered shares of Douglas Emmett from a “buy” rating to a “neutral” rating and reduced their target price for the company from $45.00 to $43.00 in a research note on Thursday, May 18th. Four research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $39.56.

In related news, Chairman Dan A. Emmett sold 100,000 shares of the stock in a transaction dated Friday, May 19th. The shares were sold at an average price of $37.93, for a total transaction of $3,793,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold a total of 300,000 shares of company stock valued at $11,487,000 in the last quarter. 17.80% of the stock is currently owned by corporate insiders.

About Douglas Emmett

Douglas Emmett, Inc is a self-administered and self-managed real estate investment trust (REIT). The Company is owner and operator of office and multifamily properties located in submarkets in Los Angeles and Honolulu. The Company operates through two segments: the acquisition, development, ownership and management of office real estate (Office Segment), and the acquisition, development, ownership and management of multifamily real estate (Multifamily Segment).

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

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