Amundi Buys 54,899 Shares of Douglas Emmett, Inc. (NYSE:DEI)

Amundi lifted its stake in Douglas Emmett, Inc. (NYSE:DEI - Free Report) by 47.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 170,038 shares of the real estate investment trust's stock after buying an additional 54,899 shares during the period. Amundi owned about 0.10% of Douglas Emmett worth $2,874,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in DEI. Inceptionr LLC acquired a new position in shares of Douglas Emmett in the fourth quarter valued at $244,000. Raymond James Financial Inc. bought a new position in shares of Douglas Emmett during the 4th quarter worth about $7,829,000. Dana Investment Advisors Inc. boosted its position in shares of Douglas Emmett by 49.2% during the 4th quarter. Dana Investment Advisors Inc. now owns 187,391 shares of the real estate investment trust's stock valued at $3,478,000 after acquiring an additional 61,778 shares in the last quarter. Proficio Capital Partners LLC bought a new stake in Douglas Emmett in the fourth quarter valued at about $602,000. Finally, Victory Capital Management Inc. raised its position in Douglas Emmett by 1.0% in the fourth quarter. Victory Capital Management Inc. now owns 1,593,909 shares of the real estate investment trust's stock worth $29,583,000 after purchasing an additional 15,704 shares in the last quarter. 97.37% of the stock is currently owned by institutional investors.

Douglas Emmett Stock Up 1.2 %

NYSE:DEI traded up $0.20 during trading hours on Thursday, reaching $16.27. 2,450,246 shares of the stock were exchanged, compared to its average volume of 1,557,163. The stock has a market cap of $2.72 billion, a PE ratio of 125.13 and a beta of 1.13. Douglas Emmett, Inc. has a twelve month low of $12.50 and a twelve month high of $20.50. The firm has a 50 day moving average of $16.97 and a 200 day moving average of $17.75. The company has a debt-to-equity ratio of 1.50, a current ratio of 4.32 and a quick ratio of 4.09.

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Douglas Emmett (NYSE:DEI - Get Free Report) last issued its earnings results on Tuesday, February 4th. The real estate investment trust reported $0.38 EPS for the quarter, topping 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%. On average, equities analysts expect that Douglas Emmett, Inc. will post 1.45 earnings per share for the current year.

Douglas Emmett Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be paid a $0.19 dividend. The ex-dividend date is Monday, March 31st. This represents a $0.76 annualized dividend and a dividend yield of 4.67%. Douglas Emmett's dividend payout ratio (DPR) is presently 584.62%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on DEI shares. Jefferies Financial Group started coverage on Douglas Emmett in a research note on Monday. They issued a "hold" rating and a $16.00 price objective on the stock. Wedbush upgraded Douglas Emmett from a "neutral" rating to an "outperform" rating and upped their price target for the company from $19.00 to $21.00 in a research report on Thursday, January 2nd. Piper Sandler raised 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. StockNews.com lowered shares of Douglas Emmett from a "hold" rating to a "sell" rating in a report on Thursday, February 6th. Finally, Janney Montgomery Scott reissued a "neutral" rating on shares of Douglas Emmett in a report on Wednesday, January 15th. One equities 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 stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $18.50.

Douglas Emmett 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.