New York Life Investment Management LLC trimmed its position in Douglas Emmett, Inc. (NYSE:DEI – Free Report) by 13.6% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,876 shares of the real estate investment trust’s stock after selling 4,549 shares during the quarter. New York Life Investment Management LLC’s holdings in Douglas Emmett were worth $368,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in shares of Douglas Emmett by 0.5% during the 3rd quarter. Vanguard Group Inc. now owns 25,142,146 shares of the real estate investment trust’s stock worth $450,799,000 after purchasing an additional 135,881 shares in the last quarter. BlackRock Inc. grew its holdings in shares of Douglas Emmett by 3.8% during the 1st quarter. BlackRock Inc. now owns 21,032,102 shares of the real estate investment trust’s stock worth $259,326,000 after purchasing an additional 772,207 shares in the last quarter. State Street Corp grew its holdings in shares of Douglas Emmett by 15.9% during the 2nd quarter. State Street Corp now owns 11,186,067 shares of the real estate investment trust’s stock worth $142,686,000 after purchasing an additional 1,537,089 shares in the last quarter. Norges Bank acquired a new stake in shares of Douglas Emmett during the 4th quarter worth $114,497,000. Finally, Price T Rowe Associates Inc. MD lifted its position in shares of Douglas Emmett by 91.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 7,155,765 shares of the real estate investment trust’s stock worth $88,232,000 after buying an additional 3,411,463 shares during the last quarter. 97.37% of the stock is owned by institutional investors and hedge funds.
Insider Transactions at Douglas Emmett
In other news, Director William E. Simon, Jr. sold 91,000 shares of the firm’s stock in a transaction dated Wednesday, December 6th. The stock was sold at an average price of $13.95, for a total transaction of $1,269,450.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 14.00% of the stock is owned by corporate insiders.
Wall Street Analyst Weigh In
Douglas Emmett Price Performance
Shares of DEI opened at $13.32 on Monday. Douglas Emmett, Inc. has a 1 year low of $10.09 and a 1 year high of $16.39. The company has a debt-to-equity ratio of 1.44, a current ratio of 4.91 and a quick ratio of 3.86. The company has a market capitalization of $2.22 billion, a price-to-earnings ratio of -51.23 and a beta of 1.08. The business has a 50-day moving average of $14.29 and a 200-day moving average of $13.26.
Douglas Emmett Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 17th. Stockholders of record on Friday, December 29th were given a dividend of $0.19 per share. The ex-dividend date was Thursday, December 28th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 5.71%. Douglas Emmett’s dividend payout ratio (DPR) is -292.31%.
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.
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