Sowell Financial Services LLC Decreases Holdings in Douglas Emmett, Inc. (NYSE:DEI)

Sowell Financial Services LLC trimmed its holdings in shares of Douglas Emmett, Inc. (NYSE:DEI) by 4.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 130,737 shares of the real estate investment trust’s stock after selling 6,251 shares during the period. Sowell Financial Services LLC owned 0.08% of Douglas Emmett worth $2,426,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the business. Bamco Inc. NY lifted its holdings in Douglas Emmett by 0.3% during the 3rd quarter. Bamco Inc. NY now owns 6,389,444 shares of the real estate investment trust’s stock worth $112,263,000 after buying an additional 20,000 shares during the last quarter. FMR LLC lifted its holdings in Douglas Emmett by 8.5% during the 3rd quarter. FMR LLC now owns 4,883,814 shares of the real estate investment trust’s stock worth $85,809,000 after buying an additional 384,371 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Douglas Emmett by 0.7% during the third quarter. Geode Capital Management LLC now owns 4,171,839 shares of the real estate investment trust’s stock worth $73,312,000 after purchasing an additional 26,961 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Douglas Emmett by 0.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,812,708 shares of the real estate investment trust’s stock worth $70,764,000 after purchasing an additional 14,886 shares in the last quarter. Finally, Victory Capital Management Inc. increased its position in shares of Douglas Emmett by 1.0% during the fourth quarter. Victory Capital Management Inc. now owns 1,593,909 shares of the real estate investment trust’s stock worth $29,583,000 after purchasing an additional 15,704 shares in the last quarter. 97.37% of the stock is owned by hedge funds and other institutional investors.

Douglas Emmett Stock Performance

Shares of DEI stock opened at $17.38 on Monday. The stock has a market capitalization of $2.91 billion, a PE ratio of 133.70 and a beta of 1.13. Douglas Emmett, Inc. has a 52-week low of $12.50 and a 52-week high of $20.50. The stock’s 50-day moving average price is $17.34 and its 200 day moving average price is $17.76. The company has a quick ratio of 4.09, a current ratio of 4.32 and a debt-to-equity ratio of 1.50.

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

Douglas Emmett Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 4.37%. The ex-dividend date of this dividend is Monday, March 31st. Douglas Emmett’s payout ratio is 584.62%.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Janney Montgomery Scott reiterated a “neutral” rating on shares of Douglas Emmett in a research report on Wednesday, January 15th. StockNews.com cut Douglas Emmett from a “hold” rating to a “sell” rating in a research report on Thursday, February 6th. Wedbush upgraded Douglas Emmett from a “neutral” rating to an “outperform” rating and lifted their target price for the stock from $19.00 to $21.00 in a research report on Thursday, January 2nd. Jefferies Financial Group lifted their target price on Douglas Emmett from $17.00 to $18.00 and gave the stock a “hold” rating in a research report on Thursday, January 2nd. Finally, Piper Sandler upgraded 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 given a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, Douglas Emmett currently has an average rating of “Hold” and a consensus price target of $18.75.

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.