Douglas Emmett, Inc. (NYSE:DEI) Shares Sold by Shell Asset Management Co.

Shell Asset Management Co. lowered its position in Douglas Emmett, Inc. (NYSE:DEI – Get Rating) by 15.9% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 11,940 shares of the real estate investment trust’s stock after selling 2,254 shares during the period. Shell Asset Management Co.’s holdings in Douglas Emmett were worth $187,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in DEI. Vanguard Group Inc. lifted its stake in shares of Douglas Emmett by 0.5% in the 3rd quarter. Vanguard Group Inc. now owns 25,142,146 shares of the real estate investment trust’s stock valued at $450,799,000 after purchasing an additional 135,881 shares in the last quarter. State Street Corp raised its stake in shares of Douglas Emmett by 13.1% during the 1st quarter. State Street Corp now owns 9,474,627 shares of the real estate investment trust’s stock worth $319,244,000 after purchasing an additional 1,095,717 shares in the last quarter. Wellington Management Group LLP grew its holdings in shares of Douglas Emmett by 12.5% during the 1st quarter. Wellington Management Group LLP now owns 6,844,166 shares of the real estate investment trust’s stock worth $228,732,000 after purchasing an additional 759,320 shares in the last quarter. Massachusetts Financial Services Co. MA raised its position in Douglas Emmett by 1.7% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,933,571 shares of the real estate investment trust’s stock valued at $52,599,000 after purchasing an additional 48,200 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Douglas Emmett by 3.4% during the first quarter. Charles Schwab Investment Management Inc. now owns 2,584,518 shares of the real estate investment trust’s stock worth $86,375,000 after purchasing an additional 86,153 shares during the period. Hedge funds and other institutional investors own 97.25% of the company’s stock.

Douglas Emmett Price Performance

Shares of NYSE DEI opened at $11.50 on Thursday. The stock has a market cap of $1.95 billion, a price-to-earnings ratio of 22.55 and a beta of 0.94. Douglas Emmett, Inc. has a 52 week low of $10.62 and a 52 week high of $28.65. The company’s 50-day moving average price is $12.46 and its 200 day moving average price is $14.83. The company has a current ratio of 2.54, a quick ratio of 2.54 and a debt-to-equity ratio of 1.24.

Douglas Emmett Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, April 14th. Investors of record on Friday, March 31st were issued a $0.19 dividend. The ex-dividend date was Thursday, March 30th. This represents a $0.76 annualized dividend and a yield of 6.61%. Douglas Emmett’s payout ratio is 149.02%.

Wall Street Analyst Weigh In

Several research firms have issued reports on DEI. BMO Capital Markets dropped their price objective on Douglas Emmett from $13.00 to $12.00 and set an “underperform” rating on the stock in a research note on Wednesday, March 29th. JPMorgan Chase & Co. cut their target price on Douglas Emmett from $20.00 to $15.00 and set a “neutral” rating on the stock in a research note on Monday, April 10th. StockNews.com upgraded shares of Douglas Emmett from a “sell” rating to a “hold” rating in a research report on Monday. Wells Fargo & Company lowered their price objective on shares of Douglas Emmett from $18.00 to $16.00 and set an “overweight” rating for the company in a research note on Thursday, March 16th. Finally, Evercore ISI reduced their price target on shares of Douglas Emmett from $17.00 to $16.00 in a research report on Monday, March 27th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $15.78.

About Douglas Emmett

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Douglas Emmett, Inc is a real estate investment trust, engages in the acquisition, development, ownership, and management of real estate properties. It operates through the following segments: Office, and Multifamily. The Office segment comprises rental of office space and other tenant services, including parking and storage space rental.