Kennedy Capital Management LLC Sells 21,694 Shares of Douglas Emmett, Inc. (NYSE:DEI)

Kennedy Capital Management LLC lowered its position in shares of Douglas Emmett, Inc. (NYSE:DEI) by 7.1% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 282,932 shares of the real estate investment trust’s stock after selling 21,694 shares during the quarter. Kennedy Capital Management LLC owned approximately 0.17% of Douglas Emmett worth $3,924,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Sowell Financial Services LLC increased its holdings in Douglas Emmett by 0.5% in the fourth quarter. Sowell Financial Services LLC now owns 133,538 shares of the real estate investment trust’s stock valued at $1,962,000 after purchasing an additional 723 shares during the last quarter. Louisiana State Employees Retirement System bought a new stake in shares of Douglas Emmett in the fourth quarter worth about $1,209,000. Handelsbanken Fonder AB increased its holdings in shares of Douglas Emmett by 64.0% in the fourth quarter. Handelsbanken Fonder AB now owns 77,360 shares of the real estate investment trust’s stock worth $1,122,000 after acquiring an additional 30,200 shares in the last quarter. New York State Common Retirement Fund increased its holdings in shares of Douglas Emmett by 3.8% in the fourth quarter. New York State Common Retirement Fund now owns 66,452 shares of the real estate investment trust’s stock worth $964,000 after acquiring an additional 2,411 shares in the last quarter. Finally, GAMMA Investing LLC bought a new stake in shares of Douglas Emmett in the fourth quarter worth about $43,000. Institutional investors own 97.37% of the company’s stock.

Insider Transactions at Douglas Emmett

In other news, Director William E. Simon, Jr. acquired 45,000 shares of Douglas Emmett stock in a transaction dated Monday, June 10th. The stock was bought at an average cost of $13.15 per share, with a total value of $591,750.00. Following the completion of the transaction, the director now directly owns 45,000 shares of the company’s stock, valued at $591,750. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 14.70% of the stock is owned by insiders.

Douglas Emmett Stock Up 1.0 %

Shares of DEI stock traded up $0.16 on Tuesday, hitting $15.79. 1,373,660 shares of the stock were exchanged, compared to its average volume of 1,693,456. The company has a current ratio of 4.42, a quick ratio of 4.42 and a debt-to-equity ratio of 1.45. The firm has a market capitalization of $2.64 billion, a P/E ratio of -50.77 and a beta of 1.09. The business has a 50-day moving average of $13.83 and a 200 day moving average of $13.70. Douglas Emmett, Inc. has a fifty-two week low of $10.76 and a fifty-two week high of $16.12.

Douglas Emmett Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 16th. Stockholders of record on Friday, June 28th were given a dividend of $0.19 per share. The ex-dividend date of this dividend was Friday, June 28th. This represents a $0.76 annualized dividend and a dividend yield of 4.81%. Douglas Emmett’s dividend payout ratio is currently -245.16%.

Analysts Set New Price Targets

Separately, StockNews.com upgraded Douglas Emmett from a “sell” rating to a “hold” rating in a report on Monday, May 20th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $13.67.

About Douglas Emmett

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.