Advisors Preferred LLC Purchases New Shares in Douglas Emmett, Inc. (NYSE:DEI)

Advisors Preferred LLC bought a new position in shares of Douglas Emmett, Inc. (NYSE:DEI - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 214,847 shares of the real estate investment trust's stock, valued at approximately $4,028,000. Advisors Preferred LLC owned approximately 0.13% of Douglas Emmett as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Venturi Wealth Management LLC acquired a new position in shares of Douglas Emmett during the 3rd quarter worth $48,000. Blue Trust Inc. boosted its stake in Douglas Emmett by 1,081.5% in the 3rd quarter. Blue Trust Inc. now owns 3,710 shares of the real estate investment trust's stock worth $65,000 after buying an additional 3,396 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of Douglas Emmett by 44.6% in the 3rd quarter. GAMMA Investing LLC now owns 3,811 shares of the real estate investment trust's stock valued at $67,000 after purchasing an additional 1,175 shares during the last quarter. Raleigh Capital Management Inc. increased its stake in Douglas Emmett by 62.0% during the third quarter. Raleigh Capital Management Inc. now owns 3,856 shares of the real estate investment trust's stock worth $68,000 after acquiring an additional 1,476 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. lifted its position in Douglas Emmett by 34.8% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 6,497 shares of the real estate investment trust's stock valued at $114,000 after buying an additional 1,677 shares in the last quarter. Hedge funds and other institutional investors own 97.37% of the company's stock.

Douglas Emmett Trading Down 1.2 %

Shares of NYSE:DEI traded down $0.20 during mid-day trading on Wednesday, reaching $16.98. The stock had a trading volume of 2,340,919 shares, compared to its average volume of 2,087,586. The company has a current ratio of 4.32, a quick ratio of 4.09 and a debt-to-equity ratio of 1.50. Douglas Emmett, Inc. has a twelve month low of $12.35 and a twelve month high of $20.50. The firm has a 50 day simple moving average of $18.22 and a two-hundred day simple moving average of $17.56. The firm has a market cap of $2.84 billion, a PE ratio of 130.63 and a beta of 1.11.

Douglas Emmett (NYSE:DEI - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The real estate investment trust reported $0.38 earnings per share for the quarter, beating analysts' consensus estimates of ($0.06) by $0.44. Douglas Emmett had a net margin of 2.38% and a return on equity of 0.63%. On average, research analysts predict that Douglas Emmett, Inc. will post 1.44 EPS for the current fiscal year.

Douglas Emmett Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were paid a dividend of $0.19 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $0.76 annualized dividend and a dividend yield of 4.48%. Douglas Emmett's dividend payout ratio is currently 584.66%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on DEI shares. Wedbush raised Douglas Emmett from a "neutral" rating to an "outperform" rating and upped their target price for the company from $19.00 to $21.00 in a research report on Thursday, January 2nd. Jefferies Financial Group raised their target price on shares of Douglas Emmett from $17.00 to $18.00 and gave the stock a "hold" rating in a report on Thursday, January 2nd. Janney Montgomery Scott restated a "neutral" rating on shares of Douglas Emmett in a research report on Wednesday, January 15th. Evercore ISI boosted their price target on Douglas Emmett from $16.00 to $19.00 and gave the company an "in-line" rating in a research note on Thursday, November 7th. Finally, StockNews.com lowered Douglas Emmett from a "hold" rating to a "sell" rating in a report on Thursday, February 6th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $18.75.

Douglas Emmett Company Profile

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.