Renaissance Technologies LLC raised its stake in Douglas Elliman Inc. (NYSE:DOUG – Get Rating) by 2.7% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,699,199 shares of the company's stock after acquiring an additional 97,276 shares during the quarter. Renaissance Technologies LLC owned approximately 4.55% of Douglas Elliman worth $17,719,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Vanguard Group Inc. lifted its holdings in shares of Douglas Elliman by 3.8% in the first quarter. Vanguard Group Inc. now owns 10,867,191 shares of the company's stock worth $79,331,000 after acquiring an additional 399,722 shares during the last quarter. BlackRock Inc. raised its stake in shares of Douglas Elliman by 1.5% during the 1st quarter. BlackRock Inc. now owns 10,473,449 shares of the company's stock worth $76,457,000 after purchasing an additional 159,492 shares during the period. State Street Corp raised its stake in shares of Douglas Elliman by 5.9% during the 1st quarter. State Street Corp now owns 2,130,731 shares of the company's stock worth $15,554,000 after purchasing an additional 118,072 shares during the period. Bank of New York Mellon Corp raised its stake in Douglas Elliman by 180.4% in the 1st quarter. Bank of New York Mellon Corp now owns 1,969,897 shares of the company's stock valued at $14,380,000 after acquiring an additional 1,267,323 shares during the period. Finally, Northern Trust Corp raised its stake in Douglas Elliman by 8.2% in the 2nd quarter. Northern Trust Corp now owns 748,691 shares of the company's stock valued at $3,587,000 after acquiring an additional 56,854 shares during the period. Institutional investors own 61.07% of the company's stock.
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Insider Buying and Selling at Douglas Elliman
In related news, CEO Howard M. Lorber bought 100,000 shares of Douglas Elliman stock in a transaction on Monday, October 10th. The stock was acquired at an average price of 3.99 per share, with a total value of 399,000.00. Following the acquisition, the chief executive officer now directly owns 2,876,341 shares of the company's stock, valued at 11,476,600.59. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, CEO Howard M. Lorber bought 100,000 shares of Douglas Elliman stock in a transaction on Monday, October 10th. The stock was acquired at an average price of 3.99 per share, with a total value of 399,000.00. Following the acquisition, the chief executive officer now directly owns 2,876,341 shares of the company's stock, valued at 11,476,600.59. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Michael Liebowitz acquired 40,000 shares of the business's stock in a transaction dated Monday, October 10th. The shares were acquired at an average cost of 3.93 per share, with a total value of 157,200.00. Following the acquisition, the director now directly owns 135,587 shares of the company's stock, valued at approximately 532,856.91. The disclosure for this purchase can be found here. Insiders purchased 268,000 shares of company stock valued at $1,060,995 in the last quarter. 7.71% of the stock is currently owned by corporate insiders.
Douglas Elliman Stock Performance
Shares of Douglas Elliman stock opened at 3.98 on Thursday. Douglas Elliman Inc. has a 52-week low of 3.50 and a 52-week high of 12.66. The stock's 50-day simple moving average is 4.25 and its 200 day simple moving average is 4.88. The stock has a market capitalization of $323.37 million and a P/E ratio of 9.48.
Douglas Elliman (NYSE:DOUG – Get Rating) last announced its quarterly earnings data on Thursday, November 3rd. The company reported -0.05 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of 0.09 by -0.14. Douglas Elliman had a net margin of 2.58% and a return on equity of 10.66%. The firm had revenue of 272.59 million during the quarter, compared to the consensus estimate of 338.92 million. Equities research analysts forecast that Douglas Elliman Inc. will post 0.12 EPS for the current fiscal year.
Douglas Elliman Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Thursday, December 22nd. Shareholders of record on Monday, December 12th will be issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 5.03%. The ex-dividend date is Friday, December 9th. Douglas Elliman's payout ratio is presently 47.62%.
Douglas Elliman Profile
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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.
Further Reading
- Get a free copy of the StockNews.com research report on Douglas Elliman (DOUG)
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