Shell Asset Management Co. Reduces Position in Douglas Emmett, Inc. (NYSE:DEI)

Shell Asset Management Co. cut its holdings in shares of Douglas Emmett, Inc. (NYSE:DEIFree Report) by 9.9% during the third quarter, HoldingsChannel.com reports. The firm owned 9,057 shares of the real estate investment trust’s stock after selling 995 shares during the period. Shell Asset Management Co.’s holdings in Douglas Emmett were worth $116,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Quantbot Technologies LP acquired a new position in shares of Douglas Emmett during the first quarter worth $40,000. Aspire Private Capital LLC increased its position in shares of Douglas Emmett by 253.2% during the fourth quarter. Aspire Private Capital LLC now owns 1,660 shares of the real estate investment trust’s stock worth $26,028,800,000 after purchasing an additional 1,190 shares in the last quarter. Allspring Global Investments Holdings LLC increased its position in shares of Douglas Emmett by 3,231.3% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 3,198 shares of the real estate investment trust’s stock valued at $40,000 after acquiring an additional 3,102 shares during the period. Advisory Services Network LLC increased its position in shares of Douglas Emmett by 94.7% in the 1st quarter. Advisory Services Network LLC now owns 3,695 shares of the real estate investment trust’s stock valued at $46,000 after acquiring an additional 1,797 shares during the period. Finally, Covestor Ltd increased its position in shares of Douglas Emmett by 150.2% in the 2nd quarter. Covestor Ltd now owns 4,806 shares of the real estate investment trust’s stock valued at $60,000 after acquiring an additional 2,885 shares during the period. 97.37% of the stock is owned by institutional investors and hedge funds.

Douglas Emmett Price Performance

NYSE:DEI opened at $13.63 on Tuesday. Douglas Emmett, Inc. has a one year low of $10.09 and a one year high of $16.39. The company has a debt-to-equity ratio of 1.44, a quick ratio of 3.86 and a current ratio of 4.91. The firm has a market cap of $2.27 billion, a price-to-earnings ratio of -52.40 and a beta of 1.08. The firm’s fifty day moving average is $14.29 and its two-hundred day moving average is $13.25.

Douglas Emmett Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 17th. Shareholders of record on Friday, December 29th were issued a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 5.58%. The ex-dividend date of this dividend was Thursday, December 28th. Douglas Emmett’s payout ratio is -292.31%.

Insider Buying and Selling at Douglas Emmett

In other Douglas Emmett news, Director William E. Simon, Jr. sold 91,000 shares of the company’s stock in a transaction on Wednesday, December 6th. The shares were sold at an average price of $13.95, for a total value of $1,269,450.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 13.40% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts recently issued reports on DEI shares. Jefferies Financial Group raised Douglas Emmett from an “underperform” rating to a “hold” rating and upped their target price for the company from $10.00 to $15.00 in a research report on Tuesday, January 2nd. Piper Sandler upped their target price on Douglas Emmett from $13.00 to $17.00 and gave the company a “neutral” rating in a research report on Wednesday, December 20th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, Douglas Emmett has an average rating of “Hold” and a consensus target price of $14.11.

View Our Latest Stock Analysis on Douglas Emmett

Douglas Emmett Company Profile

(Free Report)

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

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