15,114 Shares in Douglas Emmett, Inc. (NYSE:DEI) Purchased by Cibc World Markets Corp

Cibc World Markets Corp acquired a new stake in shares of Douglas Emmett, Inc. (NYSE:DEI - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 15,114 shares of the real estate investment trust's stock, valued at approximately $281,000.

A number of other institutional investors have also recently added to or reduced their stakes in DEI. Smartleaf Asset Management LLC boosted its holdings in shares of Douglas Emmett by 222.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 4,252 shares of the real estate investment trust's stock valued at $79,000 after acquiring an additional 2,933 shares in the last quarter. GAMMA Investing LLC increased its position in shares of Douglas Emmett by 19.7% during the 4th quarter. GAMMA Investing LLC now owns 4,561 shares of the real estate investment trust's stock valued at $85,000 after purchasing an additional 750 shares during the period. Raleigh Capital Management Inc. raised its stake in shares of Douglas Emmett by 30.4% in the 4th quarter. Raleigh Capital Management Inc. now owns 5,028 shares of the real estate investment trust's stock worth $93,000 after buying an additional 1,172 shares in the last quarter. KBC Group NV lifted its holdings in shares of Douglas Emmett by 41.1% in the fourth quarter. KBC Group NV now owns 6,926 shares of the real estate investment trust's stock valued at $129,000 after buying an additional 2,018 shares during the period. Finally, Paloma Partners Management Co bought a new position in Douglas Emmett during the third quarter valued at about $176,000. 97.37% of the stock is currently owned by institutional investors.

Douglas Emmett Stock Down 1.9 %

DEI traded down $0.32 during midday trading on Friday, hitting $16.07. 4,363,020 shares of the company's stock traded hands, compared to its average volume of 1,650,306. The company has a debt-to-equity ratio of 1.50, a current ratio of 4.32 and a quick ratio of 4.09. The company has a market cap of $2.69 billion, a PE ratio of 123.66 and a beta of 1.13. The stock's fifty day simple moving average is $16.88 and its 200-day simple moving average is $17.78. Douglas Emmett, Inc. has a one year low of $12.50 and a one year high of $20.50.

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Douglas Emmett (NYSE:DEI - Get Free Report) last released its quarterly earnings data on Tuesday, February 4th. The real estate investment trust reported $0.38 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.06) by $0.44. Douglas Emmett had a net margin of 2.38% and a return on equity of 0.63%. As a group, equities analysts anticipate that Douglas Emmett, Inc. will post 1.45 earnings per share for the current fiscal year.

Douglas Emmett Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be issued a $0.19 dividend. The ex-dividend date is Monday, March 31st. This represents a $0.76 annualized dividend and a yield of 4.73%. Douglas Emmett's dividend payout ratio (DPR) is currently 584.62%.

Analysts Set New Price Targets

Several research firms recently commented on DEI. Janney Montgomery Scott reissued a "neutral" rating on shares of Douglas Emmett in a research note on Wednesday, January 15th. Wedbush upgraded shares of Douglas Emmett from a "neutral" rating to an "outperform" rating and raised their target price for the stock from $19.00 to $21.00 in a report on Thursday, January 2nd. StockNews.com downgraded shares of Douglas Emmett from a "hold" rating to a "sell" rating in a research note on Thursday, February 6th. Piper Sandler raised Douglas Emmett from a "neutral" rating to an "overweight" rating and set a $20.00 target price for the company in a research report on Monday, January 13th. Finally, Jefferies Financial Group initiated coverage on Douglas Emmett in a research report on Monday, March 17th. They set a "hold" rating and a $16.00 price target on the stock. One research analyst has rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $18.50.

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.