Wellington Management Group LLP Has $179.90 Million Stake in Douglas Emmett, Inc. (NYSE:DEI)

Wellington Management Group LLP reduced its stake in shares of Douglas Emmett, Inc. (NYSE:DEI) by 12.9% in the 4th quarter, Holdings Channel reports. The firm owned 9,692,738 shares of the real estate investment trust’s stock after selling 1,437,980 shares during the quarter. Wellington Management Group LLP owned 0.06% of Douglas Emmett worth $179,897,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Pictet Asset Management Holding SA raised its position in shares of Douglas Emmett by 8.9% during the fourth quarter. Pictet Asset Management Holding SA now owns 53,832 shares of the real estate investment trust’s stock worth $999,000 after acquiring an additional 4,413 shares during the last quarter. Nomura Asset Management Co. Ltd. raised its holdings in Douglas Emmett by 4.8% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 221,500 shares of the real estate investment trust’s stock worth $4,111,000 after purchasing an additional 10,100 shares during the last quarter. New Age Alpha Advisors LLC acquired a new position in shares of Douglas Emmett in the 4th quarter worth approximately $1,897,000. Norges Bank bought a new stake in shares of Douglas Emmett in the 4th quarter valued at $23,526,000. Finally, JPMorgan Chase & Co. increased its position in shares of Douglas Emmett by 130.6% during the fourth quarter. JPMorgan Chase & Co. now owns 2,684,597 shares of the real estate investment trust’s stock worth $49,826,000 after buying an additional 1,520,348 shares during the period. 97.37% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

DEI has been the topic of a number of research analyst reports. Wedbush raised shares of Douglas Emmett from a “neutral” rating to an “outperform” rating and upped their price target for the company from $19.00 to $21.00 in a research report on Thursday, January 2nd. StockNews.com cut Douglas Emmett from a “hold” rating to a “sell” rating in a research note on Thursday, February 6th. Jefferies Financial Group began coverage on Douglas Emmett in a research note on Monday, March 17th. They issued a “hold” rating and a $16.00 price target on the stock. Janney Montgomery Scott reaffirmed a “neutral” rating on shares of Douglas Emmett in a research report on Wednesday, January 15th. Finally, Piper Sandler upgraded shares of Douglas Emmett from a “neutral” rating to an “overweight” rating and set a $20.00 target price on the stock in a research report on Monday, January 13th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $18.50.

Douglas Emmett Stock Performance

Shares of DEI stock opened at $16.31 on Thursday. The company has a current ratio of 4.32, a quick ratio of 4.09 and a debt-to-equity ratio of 1.50. The firm has a fifty day simple moving average of $16.80 and a two-hundred day simple moving average of $17.78. Douglas Emmett, Inc. has a 12 month low of $12.50 and a 12 month high of $20.50. The firm has a market capitalization of $2.73 billion, a PE ratio of 125.47 and a beta of 1.13.

Douglas Emmett (NYSE:DEI) last posted its earnings results on Tuesday, February 4th. The real estate investment trust reported $0.38 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.44. Douglas Emmett had a net margin of 2.38% and a return on equity of 0.63%. Analysts forecast that Douglas Emmett, Inc. will post 1.45 EPS for the current fiscal year.

Douglas Emmett Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be given a dividend of $0.19 per share. The ex-dividend date is Monday, March 31st. This represents a $0.76 annualized dividend and a dividend yield of 4.66%. Douglas Emmett’s payout ratio is 584.62%.

Douglas Emmett 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.