Royce & Associates LP raised its stake in Douglas Elliman Inc. (NYSE:DOUG – Get Rating) by 120.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 183,947 shares of the company's stock after buying an additional 100,524 shares during the period. Royce & Associates LP owned about 0.23% of Douglas Elliman worth $754,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in Douglas Elliman by 3.8% during the first quarter. Vanguard Group Inc. now owns 10,867,191 shares of the company's stock worth $79,331,000 after buying an additional 399,722 shares during the last quarter. BlackRock Inc. lifted its stake in shares of Douglas Elliman by 1.5% in the 1st quarter. BlackRock Inc. now owns 10,473,449 shares of the company's stock valued at $76,457,000 after purchasing an additional 159,492 shares during the period. Renaissance Technologies LLC boosted its position in shares of Douglas Elliman by 2.7% during the 2nd quarter. Renaissance Technologies LLC now owns 3,699,199 shares of the company's stock valued at $17,719,000 after purchasing an additional 97,276 shares in the last quarter. State Street Corp grew its stake in Douglas Elliman by 5.9% during the second quarter. State Street Corp now owns 2,257,010 shares of the company's stock worth $10,811,000 after purchasing an additional 126,279 shares during the period. Finally, Bank of New York Mellon Corp increased its holdings in Douglas Elliman by 180.4% in the first quarter. Bank of New York Mellon Corp now owns 1,969,897 shares of the company's stock worth $14,380,000 after purchasing an additional 1,267,323 shares in the last quarter. Institutional investors and hedge funds own 60.70% of the company's stock.

Douglas Elliman Stock Performance

Douglas Elliman stock opened at $4.72 on Friday. The stock has a market capitalization of $383.49 million and a price-to-earnings ratio of 11.05. Douglas Elliman Inc. has a 52-week low of $3.50 and a 52-week high of $8.49. The stock's 50 day moving average price is $4.13 and its two-hundred day moving average price is $4.62.

Douglas Elliman Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, December 22nd. Stockholders of record on Monday, December 12th were paid a $0.05 dividend. The ex-dividend date of this dividend was Friday, December 9th. This represents a $0.20 annualized dividend and a dividend yield of 4.24%. Douglas Elliman's dividend payout ratio is presently 47.62%.

About Douglas Elliman

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Douglas Elliman Inc engages in the real estate services and property technology investment business in the United States. It operates in two segments, Real Estate Brokerage, and Corporate and Other. The company conducts residential real estate brokerage operations. It has approximately 100 offices with approximately 6,500 real estate agents in the New York metropolitan areas, as well as in Florida, California, Connecticut, Massachusetts, Colorado, New Jersey, and Texas.

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