Douglas Emmett, Inc. (NYSE:DEI) Institutional Ownership Update

SG Americas Securities LLC has trimmed its position in Douglas Emmett, Inc. by 66.6% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm sold 43,307 shares, leaving them with 21,728 shares worth $301,000.

Other institutional investors have also been active with Douglas Emmett. Vanguard Group Inc. increased its position by 0.9%, Wellington Management Group LLP by 1.7%, First Pacific Advisors LP by 10.5%, Charles Schwab Investment Management Inc. by 5.0%, and Hsbc Holdings PLC by 8.0%.

StockNews.com recently upgraded Douglas Emmett from a “sell” rating to a “hold” rating, with analysts giving the stock an average rating of “Hold” and a consensus price target of $13.67.

Douglas Emmett’s stock is currently trading up 3.6%, with a market cap of $2.52 billion. The company recently announced a quarterly dividend of $0.19, representing a 5.04% yield. Insider activity includes Director William E. Simon, Jr. buying 45,000 shares at $13.15 per share.

Douglas Emmett, Inc. is a real estate investment trust focused on owning and acquiring high-quality office and multifamily properties in Los Angeles and Honolulu. With a strong presence in premier coastal submarkets, the company targets top-tier properties with key lifestyle amenities.

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