Connable Office Inc. held its position in Douglas Emmett, Inc. (NYSE:DEI) during the second quarter, Holdings Channel reports. The institutional investor owned 7,300 shares of the real estate investment trust’s stock at the end of the second quarter. Connable Office Inc.’s holdings in Douglas Emmett were worth $279,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. PNC Financial Services Group Inc. boosted its stake in shares of Douglas Emmett by 9.1% in the first quarter. PNC Financial Services Group Inc. now owns 3,600 shares of the real estate investment trust’s stock worth $139,000 after buying an additional 299 shares during the last quarter. Tyers Asset Management LLC boosted its stake in shares of Douglas Emmett by 23.5% in the first quarter. Tyers Asset Management LLC now owns 5,376 shares of the real estate investment trust’s stock worth $206,000 after buying an additional 1,024 shares during the last quarter. Clinton Group Inc. bought a new stake in shares of Douglas Emmett during the first quarter worth approximately $222,000. Fox Run Management L.L.C. bought a new stake in shares of Douglas Emmett during the second quarter worth approximately $260,000. Finally, Parametrica Management Ltd bought a new stake in shares of Douglas Emmett during the second quarter worth approximately $272,000. 97.43% of the stock is currently owned by institutional investors.

Shares of Douglas Emmett, Inc. (NYSE:DEI) opened at 37.58 on Friday. The stock has a market cap of $5.86 billion, a PE ratio of 64.24 and a beta of 0.69. The company’s 50 day moving average price is $38.03 and its 200 day moving average price is $38.49. Douglas Emmett, Inc. has a 52-week low of $33.78 and a 52-week high of $40.79.

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

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 14th. Stockholders of record on Friday, June 30th were issued a $0.23 dividend. The ex-dividend date of this dividend was Wednesday, June 28th. This represents a $0.92 annualized dividend and a dividend yield of 2.45%. Douglas Emmett’s dividend payout ratio (DPR) is presently 155.93%.

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A number of analysts have commented on DEI shares. BMO Capital Markets restated a “hold” rating and issued a $39.00 price target on shares of Douglas Emmett in a research report on Tuesday, July 4th. Zacks Investment Research upgraded Douglas Emmett from a “hold” rating to a “buy” rating and set a $43.00 price target for the company in a research report on Tuesday, July 18th. BidaskClub cut Douglas Emmett from a “hold” rating to a “sell” rating in a research report on Saturday, June 24th. DA Davidson cut Douglas Emmett from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $45.00 to $43.00 in a research report on Thursday, May 18th. Finally, Barclays PLC upped their price target on Douglas Emmett from $35.00 to $36.00 and gave the stock an “underweight” rating in a research report on Wednesday, April 19th. Four equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $39.56.

In other news, Chairman Dan A. Emmett sold 100,000 shares of the business’s stock in a transaction dated Friday, June 16th. The stock was sold at an average price of $38.97, for a total value of $3,897,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In the last three months, insiders sold 300,000 shares of company stock valued at $11,487,000. Insiders own 17.80% of the company’s stock.

Douglas Emmett Company Profile

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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