Raymond James Financial Inc. Makes New Investment in Douglas Emmett, Inc. (NYSE:DEI)

Raymond James Financial Inc. acquired a new position in Douglas Emmett, Inc. (NYSE:DEI - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 421,816 shares of the real estate investment trust's stock, valued at approximately $7,829,000. Raymond James Financial Inc. owned about 0.25% of Douglas Emmett as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in the business. Bamco Inc. NY increased its stake in shares of Douglas Emmett by 0.3% during the 3rd quarter. Bamco Inc. NY now owns 6,389,444 shares of the real estate investment trust's stock worth $112,263,000 after purchasing an additional 20,000 shares during the last quarter. FMR LLC lifted its position in shares of Douglas Emmett by 8.5% in the third quarter. FMR LLC now owns 4,883,814 shares of the real estate investment trust's stock worth $85,809,000 after buying an additional 384,371 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Douglas Emmett by 0.7% in the third quarter. Geode Capital Management LLC now owns 4,171,839 shares of the real estate investment trust's stock worth $73,312,000 after buying an additional 26,961 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Douglas Emmett by 0.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,812,708 shares of the real estate investment trust's stock worth $70,764,000 after acquiring an additional 14,886 shares in the last quarter. Finally, Victory Capital Management Inc. increased its holdings in shares of Douglas Emmett by 1.0% during the 4th quarter. Victory Capital Management Inc. now owns 1,593,909 shares of the real estate investment trust's stock valued at $29,583,000 after acquiring an additional 15,704 shares during the last quarter. 97.37% of the stock is currently owned by institutional investors and hedge funds.

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Analyst Upgrades and Downgrades

DEI has been the subject of a number of recent analyst reports. Wedbush raised Douglas Emmett from a "neutral" rating to an "outperform" rating and upped their target price for the stock from $19.00 to $21.00 in a research report on Thursday, January 2nd. Piper Sandler raised shares of Douglas Emmett from a "neutral" rating to an "overweight" rating and set a $20.00 price objective for the company in a report on Monday, January 13th. Janney Montgomery Scott reiterated a "neutral" rating on shares of Douglas Emmett in a report on Wednesday, January 15th. StockNews.com cut shares of Douglas Emmett from a "hold" rating to a "sell" rating in a report on Thursday, February 6th. Finally, Jefferies Financial Group began coverage on Douglas Emmett in a research report on Monday, March 17th. They issued a "hold" rating and a $16.00 price target on the stock. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, Douglas Emmett presently has a consensus rating of "Hold" and a consensus price target of $18.50.

Douglas Emmett Stock Performance

Shares of NYSE DEI traded down $0.23 during mid-day trading on Wednesday, hitting $16.42. The company had a trading volume of 3,620,497 shares, compared to its average volume of 1,573,635. Douglas Emmett, Inc. has a 12 month low of $12.50 and a 12 month high of $20.50. The firm has a market cap of $2.75 billion, a P/E ratio of 126.32 and a beta of 1.13. The business's 50-day simple moving average is $16.94 and its 200-day simple moving average is $17.78. The company has a debt-to-equity ratio of 1.50, a current ratio of 4.32 and a quick ratio of 4.09.

Douglas Emmett (NYSE:DEI - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The real estate investment trust reported $0.38 EPS for the quarter, topping analysts' consensus estimates 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, analysts predict that Douglas Emmett, Inc. will post 1.45 earnings per share for the current fiscal year.

Douglas Emmett Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be issued a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 4.63%. The ex-dividend date is Monday, March 31st. Douglas Emmett's dividend payout ratio (DPR) is presently 584.62%.

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.