Sumitomo Mitsui Trust Holdings Inc. Lowers Position in Douglas Emmett, Inc. (NYSE:DEI)

Sumitomo Mitsui Trust Holdings Inc. trimmed its stake in Douglas Emmett, Inc. (NYSE:DEI) by 3.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,171,714 shares of the real estate investment trust’s stock after selling 48,181 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc. owned about 0.70% of Douglas Emmett worth $16,990,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of DEI. Rush Island Management LP grew its holdings in Douglas Emmett by 271.4% in the third quarter. Rush Island Management LP now owns 4,152,516 shares of the real estate investment trust’s stock valued at $52,986,000 after purchasing an additional 3,034,375 shares during the period. Wellington Management Group LLP lifted its position in Douglas Emmett by 26.8% during the third quarter. Wellington Management Group LLP now owns 9,201,972 shares of the real estate investment trust’s stock valued at $117,417,000 after buying an additional 1,947,720 shares in the last quarter. Lasalle Investment Management Securities LLC acquired a new position in Douglas Emmett during the third quarter valued at approximately $13,648,000. Cooper Financial Group acquired a new position in Douglas Emmett during the fourth quarter valued at approximately $6,799,000. Finally, Allspring Global Investments Holdings LLC lifted its position in Douglas Emmett by 5,960.7% during the third quarter. Allspring Global Investments Holdings LLC now owns 193,822 shares of the real estate investment trust’s stock valued at $2,473,000 after buying an additional 190,624 shares in the last quarter. 97.37% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on DEI. Piper Sandler reduced their price target on shares of Douglas Emmett from $17.00 to $15.00 and set a “neutral” rating on the stock in a research report on Friday, March 22nd. Jefferies Financial Group raised shares of Douglas Emmett from an “underperform” rating to a “hold” rating and boosted their target price for the stock from $10.00 to $15.00 in a research report on Tuesday, January 2nd. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $13.67.

Douglas Emmett Stock Up 0.1 %

DEI stock opened at $13.32 on Tuesday. The company has a debt-to-equity ratio of 1.44, a current ratio of 4.91 and a quick ratio of 4.91. Douglas Emmett, Inc. has a 1-year low of $10.09 and a 1-year high of $16.12. The firm has a fifty day moving average price of $13.38 and a two-hundred day moving average price of $13.25. The firm has a market cap of $2.23 billion, a price-to-earnings ratio of -51.23 and a beta of 1.07.

Douglas Emmett Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 16th. Stockholders of record on Thursday, March 28th were given a dividend of $0.19 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.76 annualized dividend and a dividend yield of 5.71%. Douglas Emmett’s dividend payout ratio is currently -292.31%.

Douglas Emmett Company Profile

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.