Douglas Emmett, Inc. (NYSE:DEI) Shares Sold by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership decreased its holdings in Douglas Emmett, Inc. (NYSE:DEI - Free Report) by 3.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,770,576 shares of the real estate investment trust's stock after selling 84,232 shares during the quarter. Arrowstreet Capital Limited Partnership owned approximately 1.65% of Douglas Emmett worth $51,422,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in DEI. Smartleaf Asset Management LLC grew its holdings in 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 purchasing an additional 2,933 shares during the period. GAMMA Investing LLC grew its stake 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 buying an additional 750 shares during the period. Raleigh Capital Management Inc. increased its holdings in shares of Douglas Emmett by 30.4% during 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 during the last quarter. KBC Group NV increased its holdings in shares of Douglas Emmett by 41.1% during the 4th quarter. KBC Group NV now owns 6,926 shares of the real estate investment trust's stock worth $129,000 after buying an additional 2,018 shares during the last quarter. Finally, Quantbot Technologies LP raised its position in shares of Douglas Emmett by 89.6% in the 4th quarter. Quantbot Technologies LP now owns 9,429 shares of the real estate investment trust's stock worth $175,000 after buying an additional 4,455 shares during the period. Hedge funds and other institutional investors own 97.37% of the company's stock.

Douglas Emmett Stock Down 2.4 %

Douglas Emmett stock traded down $0.34 during midday trading on Friday, hitting $14.25. 3,533,308 shares of the stock were exchanged, compared to its average volume of 1,671,815. The company has a 50 day moving average price of $16.69 and a two-hundred day moving average price 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. The firm has a market cap of $2.39 billion, a P/E ratio of 109.60 and a beta of 1.13. Douglas Emmett, Inc. has a 1 year low of $12.50 and a 1 year high of $20.50.

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

Douglas Emmett Announces Dividend

The business 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 dividend on an annualized basis and a dividend yield of 5.33%. Douglas Emmett's dividend payout ratio (DPR) is presently 584.62%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on DEI shares. 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 for the company. Piper Sandler raised shares of 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. Wedbush raised shares of Douglas Emmett from a "neutral" rating to an "outperform" rating and lifted their price target for the company from $19.00 to $21.00 in a research report on Thursday, January 2nd. StockNews.com lowered shares of Douglas Emmett from a "hold" rating to a "sell" rating in a research report on Thursday, February 6th. Finally, Janney Montgomery Scott reaffirmed a "neutral" rating on shares of Douglas Emmett in a research report on Wednesday, January 15th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, Douglas Emmett presently has an average rating of "Hold" and a consensus price target of $18.50.

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.