GSA Capital Partners LLP cut its position in Douglas Emmett, Inc. (NYSE:DEI – Free Report) by 75.5% in the third quarter, HoldingsChannel reports. The institutional investor owned 48,971 shares of the real estate investment trust’s stock after selling 151,009 shares during the period. GSA Capital Partners LLP’s holdings in Douglas Emmett were worth $762,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently modified their holdings of the company. EverSource Wealth Advisors LLC boosted its holdings in Douglas Emmett by 220.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,694 shares of the real estate investment trust’s stock valued at $25,000 after acquiring an additional 1,166 shares during the period. Westside Investment Management Inc. lifted its position in shares of Douglas Emmett by 100.0% during the third quarter. Westside Investment Management Inc. now owns 1,840 shares of the real estate investment trust’s stock worth $29,000 after purchasing an additional 920 shares in the last quarter. Hantz Financial Services Inc. lifted its position in shares of Douglas Emmett by 448.3% during the third quarter. Hantz Financial Services Inc. now owns 2,621 shares of the real estate investment trust’s stock worth $41,000 after purchasing an additional 2,143 shares in the last quarter. Smartleaf Asset Management LLC boosted its stake in shares of Douglas Emmett by 24.8% in the third quarter. Smartleaf Asset Management LLC now owns 5,320 shares of the real estate investment trust’s stock valued at $83,000 after purchasing an additional 1,056 shares during the period. Finally, CWM LLC grew its holdings in shares of Douglas Emmett by 15.7% in the third quarter. CWM LLC now owns 7,738 shares of the real estate investment trust’s stock valued at $120,000 after purchasing an additional 1,048 shares in the last quarter. Hedge funds and other institutional investors own 97.37% of the company’s stock.
Douglas Emmett Stock Up 3.1%
Shares of NYSE DEI opened at $10.49 on Friday. The business has a 50-day moving average of $10.82 and a two-hundred day moving average of $12.92. The company has a market capitalization of $1.76 billion, a price-to-earnings ratio of 116.51, a price-to-earnings-growth ratio of 4.68 and a beta of 1.14. Douglas Emmett, Inc. has a 1 year low of $9.53 and a 1 year high of $17.47. The company has a debt-to-equity ratio of 1.60, a current ratio of 3.33 and a quick ratio of 3.03.
Douglas Emmett Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st were given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 7.2%. The ex-dividend date was Wednesday, December 31st. Douglas Emmett’s payout ratio is currently 844.44%.
Wall Street Analysts Forecast Growth
A number of research firms have issued reports on DEI. Scotiabank reduced their target price on shares of Douglas Emmett from $18.00 to $16.00 and set a “sector outperform” rating on the stock in a report on Monday, November 17th. UBS Group cut Douglas Emmett to a “sector perform” rating in a research note on Wednesday, January 14th. Weiss Ratings cut Douglas Emmett from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, January 12th. JPMorgan Chase & Co. reduced their price target on Douglas Emmett from $18.00 to $16.00 and set a “neutral” rating on the stock in a research report on Tuesday, November 25th. Finally, Evercore set a $12.00 price objective on Douglas Emmett in a research note on Wednesday, February 11th. Two investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Douglas Emmett has an average rating of “Hold” and a consensus target price of $13.78.
Read Our Latest Stock Report on Douglas Emmett
Douglas Emmett Profile
Douglas Emmett, Inc is a publicly traded real estate investment trust headquartered in Santa Monica, California. The company specializes in the ownership, management and development of high‐quality office and multifamily properties, primarily concentrated in the coastal regions of Los Angeles County and the Greater Honolulu area. As a vertically integrated real estate platform, Douglas Emmett controls all aspects of property operations, leasing, capital improvements and tenant relations, positioning it to deliver stable, long‐term cash flows.
The company’s office portfolio consists predominantly of Class A buildings located in prime business districts, featuring modern amenities, campus-like settings and environmentally conscious design elements.
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