Green Street Investors LLC bought a new position in shares of Douglas Emmett, Inc. (NYSE:DEI) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 136,600 shares of the real estate investment trust’s stock, valued at approximately $5,609,000. Douglas Emmett accounts for approximately 3.1% of Green Street Investors LLC’s portfolio, making the stock its 12th biggest holding.

Several other large investors also recently modified their holdings of DEI. Wells Fargo & Company MN increased its holdings in Douglas Emmett by 8.9% during the second quarter. Wells Fargo & Company MN now owns 102,491 shares of the real estate investment trust’s stock valued at $3,917,000 after buying an additional 8,376 shares during the period. Riverhead Capital Management LLC increased its holdings in Douglas Emmett by 68.1% during the second quarter. Riverhead Capital Management LLC now owns 6,220 shares of the real estate investment trust’s stock valued at $238,000 after buying an additional 2,520 shares during the period. Teachers Advisors LLC increased its holdings in Douglas Emmett by 37.2% during the second quarter. Teachers Advisors LLC now owns 274,545 shares of the real estate investment trust’s stock valued at $10,490,000 after buying an additional 74,455 shares during the period. TIAA CREF Investment Management LLC increased its holdings in Douglas Emmett by 50.6% during the second quarter. TIAA CREF Investment Management LLC now owns 386,610 shares of the real estate investment trust’s stock valued at $14,772,000 after buying an additional 129,905 shares during the period. Finally, Ameriprise Financial Inc. increased its holdings in Douglas Emmett by 11.2% during the second quarter. Ameriprise Financial Inc. now owns 757,213 shares of the real estate investment trust’s stock valued at $28,935,000 after buying an additional 76,083 shares during the period. 96.42% of the stock is currently owned by institutional investors and hedge funds.

Several equities analysts recently issued reports on the stock. Zacks Investment Research lowered shares of Douglas Emmett from a “hold” rating to a “sell” rating in a report on Tuesday, January 16th. Robert W. Baird reissued a “buy” rating and set a $45.00 price objective on shares of Douglas Emmett in a report on Tuesday, January 9th. TheStreet raised shares of Douglas Emmett from a “c+” rating to a “b-” rating in a report on Wednesday, November 15th. Stifel Nicolaus reissued a “buy” rating and set a $43.00 price objective (up from $42.00) on shares of Douglas Emmett in a report on Thursday, November 9th. Finally, Mizuho reissued a “hold” rating and set a $41.00 price objective on shares of Douglas Emmett in a report on Friday, October 27th. Four equities research analysts have rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $41.13.

Shares of Douglas Emmett, Inc. (NYSE:DEI) traded up $0.35 on Tuesday, reaching $38.91. 878,000 shares of the company’s stock traded hands, compared to its average volume of 859,393. The firm has a market capitalization of $6,640.00, a P/E ratio of 74.83, a price-to-earnings-growth ratio of 3.01 and a beta of 0.71. Douglas Emmett, Inc. has a 52 week low of $36.60 and a 52 week high of $41.59.

Douglas Emmett (NYSE:DEI) last announced its earnings results on Tuesday, November 7th. The real estate investment trust reported $0.48 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.48. The company had revenue of $208.75 million during the quarter, compared to the consensus estimate of $203.99 million. Douglas Emmett had a net margin of 11.29% and a return on equity of 2.58%. Douglas Emmett’s revenue was up 8.7% compared to the same quarter last year. During the same period last year, the firm earned $0.47 earnings per share. analysts anticipate that Douglas Emmett, Inc. will post 1.9 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Monday, January 15th. Shareholders of record on Friday, December 29th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 2.57%. This is an increase from Douglas Emmett’s previous quarterly dividend of $0.23. The ex-dividend date was Thursday, December 28th. Douglas Emmett’s dividend payout ratio (DPR) is 192.31%.

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About Douglas Emmett

Douglas Emmett, Inc is a self-administered and self-managed real estate investment trust (REIT). The Company is owner and operator of office and multifamily properties located in submarkets in Los Angeles and Honolulu. The Company operates through two segments: the acquisition, development, ownership and management of office real estate (Office Segment), and the acquisition, development, ownership and management of multifamily real estate (Multifamily Segment).

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

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