Shelton Capital Management held its stake in Douglas Emmett, Inc. (NYSE:DEI) during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 10,862 shares of the real estate investment trust’s stock at the end of the second quarter. Shelton Capital Management’s holdings in Douglas Emmett were worth $415,000 as of its most recent filing with the SEC.
Other large investors have also made changes to their positions in the company. PNC Financial Services Group Inc. grew its position in shares of Douglas Emmett by 9.1% during the 1st quarter. PNC Financial Services Group Inc. now owns 3,600 shares of the real estate investment trust’s stock worth $139,000 after purchasing an additional 299 shares in the last quarter. Virtu KCG Holdings LLC acquired a new stake in shares of Douglas Emmett during the 2nd quarter worth approximately $206,000. Clinton Group Inc. acquired a new stake in shares of Douglas Emmett during the 1st quarter worth approximately $222,000. Riverhead Capital Management LLC boosted its position in shares of Douglas Emmett by 68.1% during the 2nd quarter. Riverhead Capital Management LLC now owns 6,220 shares of the real estate investment trust’s stock worth $238,000 after acquiring an additional 2,520 shares in the last quarter. Finally, TLP Group LLC acquired a new stake in shares of Douglas Emmett during the 2nd quarter worth approximately $248,000. Hedge funds and other institutional investors own 96.15% of the company’s stock.
Several analysts recently issued reports on the stock. KeyCorp reiterated a “hold” rating on shares of Douglas Emmett in a research report on Sunday, September 24th. Stifel Nicolaus reiterated a “buy” rating and set a $42.00 price target on shares of Douglas Emmett in a research report on Thursday, September 21st. Janney Montgomery Scott assumed coverage on shares of Douglas Emmett in a research report on Friday, September 8th. They set a “neutral” rating on the stock. BidaskClub upgraded shares of Douglas Emmett from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 26th. Finally, Zacks Investment Research lowered shares of Douglas Emmett from a “buy” rating to a “hold” rating in a research report on Friday, August 4th. Four analysts have rated the stock with a sell rating, eight have issued a hold rating and one has assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $39.56.
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Shares of Douglas Emmett, Inc. (DEI) opened at 40.21 on Wednesday. Douglas Emmett, Inc. has a 12 month low of $33.78 and a 12 month high of $40.79. The firm has a market cap of $6.55 billion, a price-to-earnings ratio of 68.74 and a beta of 0.70. The firm has a 50-day moving average of $39.00 and a 200-day moving average of $38.49.
Douglas Emmett (NYSE:DEI) last released its quarterly earnings results on Tuesday, August 1st. The real estate investment trust reported $0.47 EPS for the quarter, missing the Zacks’ consensus estimate of $0.48 by ($0.01). Douglas Emmett had a return on equity of 2.95% and a net margin of 12.00%. The company had revenue of $199.60 million during the quarter, compared to analysts’ expectations of $198.60 million. During the same period in the prior year, the firm earned $0.46 EPS. Douglas Emmett’s quarterly revenue was up 6.6% on a year-over-year basis. On average, analysts anticipate that Douglas Emmett, Inc. will post $0.55 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, October 13th. Shareholders of record on Friday, September 29th will be paid a $0.23 dividend. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $0.92 dividend on an annualized basis and a yield of 2.29%. Douglas Emmett’s dividend payout ratio is presently 155.93%.
In other news, Chairman Dan A. Emmett sold 100,000 shares of the company’s stock in a transaction on Friday, September 22nd. The shares were sold at an average price of $38.99, for a total value of $3,899,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In the last three months, insiders sold 300,000 shares of company stock valued at $11,492,000. Corporate insiders own 17.80% of the company’s stock.
Douglas Emmett Profile
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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