American International Group Inc. Has $4.29 Million Holdings in Douglas Emmett, Inc. (NYSE:DEI)

Posted by Defense World Staff on Jun 4th, 2023

American International Group Inc. lessened its holdings in Douglas Emmett, Inc. (NYSE:DEI – Get Rating) by 1.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 273,711 shares of the real estate investment trust’s stock after selling 3,616 shares during the quarter. American International Group Inc. owned 0.16% of Douglas Emmett worth $4,292,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Illinois Municipal Retirement Fund increased its holdings in Douglas Emmett by 38.9% in the 4th quarter. Illinois Municipal Retirement Fund now owns 49,278 shares of the real estate investment trust’s stock valued at $773,000 after buying an additional 13,805 shares during the period. State of New Jersey Common Pension Fund D grew its holdings in shares of Douglas Emmett by 12.0% in the 4th quarter. State of New Jersey Common Pension Fund D now owns 187,982 shares of the real estate investment trust’s stock worth $2,948,000 after purchasing an additional 20,138 shares during the last quarter. Nisa Investment Advisors LLC grew its holdings in shares of Douglas Emmett by 63.4% in the 3rd quarter. Nisa Investment Advisors LLC now owns 91,198 shares of the real estate investment trust’s stock worth $1,620,000 after purchasing an additional 35,371 shares during the last quarter. Signaturefd LLC grew its holdings in shares of Douglas Emmett by 400.7% in the 3rd quarter. Signaturefd LLC now owns 1,467 shares of the real estate investment trust’s stock worth $26,000 after purchasing an additional 1,174 shares during the last quarter. Finally, Sowell Financial Services LLC grew its holdings in shares of Douglas Emmett by 1.6% in the 4th quarter. Sowell Financial Services LLC now owns 76,976 shares of the real estate investment trust’s stock worth $1,221,000 after purchasing an additional 1,200 shares during the last quarter. Institutional investors own 97.25% of the company’s stock.

Douglas Emmett Stock Performance

Douglas Emmett stock opened at $11.92 on Friday. The company has a current ratio of 2.54, a quick ratio of 2.54 and a debt-to-equity ratio of 1.24. Douglas Emmett, Inc. has a 1 year low of $10.09 and a 1 year high of $27.62. The company has a market cap of $2.02 billion, a PE ratio of 23.37 and a beta of 0.94. The company’s 50-day moving average is $11.94 and its two-hundred day moving average is $14.13.

Douglas Emmett Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 18th. Shareholders of record on Friday, June 30th will be given a dividend of $0.19 per share. The ex-dividend date is Thursday, June 29th. This represents a $0.76 dividend on an annualized basis and a yield of 6.38%. Douglas Emmett’s payout ratio is presently 149.02%.

Wall Street Analyst Weigh In

DEI has been the topic of several analyst reports. Piper Sandler raised shares of Douglas Emmett from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $13.00 to $15.00 in a report on Wednesday, April 5th. Wells Fargo & Company lowered their target price on shares of Douglas Emmett from $18.00 to $16.00 and set an “overweight” rating on the stock in a report on Thursday, March 16th. StockNews.com assumed coverage on shares of Douglas Emmett in a report on Thursday, May 18th. They issued a “hold” rating on the stock. JPMorgan Chase & Co. decreased their price objective on shares of Douglas Emmett from $20.00 to $15.00 and set a “neutral” rating on the stock in a report on Monday, April 10th. Finally, BMO Capital Markets decreased their price objective on shares of Douglas Emmett from $13.00 to $12.00 and set an “underperform” rating on the stock in a report on Wednesday, March 29th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, Douglas Emmett currently has an average rating of “Hold” and a consensus target price of $15.78.

Douglas Emmett Profile

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Douglas Emmett, Inc is a real estate investment trust, engages in the acquisition, development, ownership, and management of real estate properties. It operates through the following segments: Office, and Multifamily. The Office segment comprises rental of office space and other tenant services, including parking and storage space rental.