Capital Fund Management S.A. purchased a new stake in shares of Douglas Emmett, Inc. (NYSE:DEI - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 20,719 shares of the real estate investment trust's stock, valued at approximately $385,000.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in DEI. Geode Capital Management LLC grew its position in shares of Douglas Emmett by 0.7% during the 3rd quarter. Geode Capital Management LLC now owns 4,171,839 shares of the real estate investment trust's stock valued at $73,312,000 after acquiring an additional 26,961 shares during the period. JPMorgan Chase & Co. boosted its position in Douglas Emmett by 130.6% during the fourth quarter. JPMorgan Chase & Co. now owns 2,684,597 shares of the real estate investment trust's stock worth $49,826,000 after purchasing an additional 1,520,348 shares in the last quarter. Empowered Funds LLC acquired a new stake in Douglas Emmett in the fourth quarter valued at approximately $412,000. Principal Financial Group Inc. increased its position in shares of Douglas Emmett by 2.9% in the fourth quarter. Principal Financial Group Inc. now owns 811,655 shares of the real estate investment trust's stock valued at $15,064,000 after buying an additional 22,878 shares in the last quarter. Finally, Cibc World Markets Corp acquired a new position in shares of Douglas Emmett during the 4th quarter worth approximately $281,000. Hedge funds and other institutional investors own 97.37% of the company's stock.
Douglas Emmett Price Performance
Shares of Douglas Emmett stock traded up $0.16 on Tuesday, hitting $13.68. 1,992,338 shares of the company were exchanged, compared to its average volume of 1,701,975. The company has a quick ratio of 4.09, a current ratio of 4.32 and a debt-to-equity ratio of 1.50. The company has a 50-day moving average price of $15.58 and a 200 day moving average price of $17.38. The stock has a market capitalization of $2.29 billion, a price-to-earnings ratio of 105.25 and a beta of 1.09. Douglas Emmett, Inc. has a 1-year low of $12.39 and a 1-year high of $20.50.
Douglas Emmett (NYSE:DEI - Get Free Report) last issued its earnings results 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 return on equity of 0.63% and a net margin of 2.38%. As a group, sell-side analysts predict that Douglas Emmett, Inc. will post 1.45 earnings per share for the current fiscal year.
Douglas Emmett Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were paid a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 5.56%. The ex-dividend date of this dividend was Monday, March 31st. Douglas Emmett's dividend payout ratio (DPR) is presently 584.62%.
Analyst Upgrades and Downgrades
A number of equities research analysts recently issued reports on DEI shares. Janney Montgomery Scott reissued a "neutral" rating on shares of Douglas Emmett in a research note on Wednesday, January 15th. Jefferies Financial Group started coverage on shares of Douglas Emmett in a research report on Monday, March 17th. They issued a "hold" rating and a $16.00 target price on the stock. Wedbush upgraded shares of Douglas Emmett from a "neutral" rating to an "outperform" rating and upped their price target for the stock from $19.00 to $21.00 in a research report on Thursday, January 2nd. StockNews.com cut Douglas Emmett from a "hold" rating to a "sell" rating in a report on Thursday, February 6th. Finally, 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 report on Monday, January 13th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $18.50.
Get Our Latest Report on DEI
Douglas Emmett Profile
(
Free Report)
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.
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