Dana Investment Advisors Inc. Grows Stock Holdings in Douglas Emmett, Inc. (NYSE:DEI)

Dana Investment Advisors Inc. boosted its position in shares of Douglas Emmett, Inc. (NYSE:DEI - Free Report) by 49.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 187,391 shares of the real estate investment trust's stock after purchasing an additional 61,778 shares during the quarter. Dana Investment Advisors Inc. owned approximately 0.11% of Douglas Emmett worth $3,478,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Geode Capital Management LLC raised its stake 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 worth $73,312,000 after buying an additional 26,961 shares during the last quarter. Empowered Funds LLC acquired a new position in Douglas Emmett during the fourth quarter worth about $412,000. Principal Financial Group Inc. lifted its holdings 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 purchasing an additional 22,878 shares in the last quarter. KBC Group NV grew its position in shares of Douglas Emmett by 41.1% in the fourth quarter. KBC Group NV now owns 6,926 shares of the real estate investment trust's stock valued at $129,000 after purchasing an additional 2,018 shares during the last quarter. Finally, Intech Investment Management LLC purchased a new position in shares of Douglas Emmett during the 3rd quarter worth approximately $650,000. Institutional investors and hedge funds own 97.37% of the company's stock.

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Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. 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 note on Thursday, January 2nd. Piper Sandler upgraded Douglas Emmett from a "neutral" rating to an "overweight" rating and set a $20.00 price objective on the stock in a research report on Monday, January 13th. Janney Montgomery Scott reaffirmed a "neutral" rating on shares of Douglas Emmett in a research note on Wednesday, January 15th. Scotiabank raised shares of Douglas Emmett from a "sector perform" rating to a "sector outperform" rating and boosted their target price for the company from $16.00 to $21.00 in a research note on Thursday, November 14th. Finally, StockNews.com cut shares of Douglas Emmett from a "hold" rating to a "sell" rating in a research note on Thursday, February 6th. One analyst has rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $18.75.

Douglas Emmett Trading Down 3.4 %

Shares of DEI stock traded down $0.59 during trading hours on Monday, hitting $16.79. 3,445,595 shares of the company were exchanged, compared to its average volume of 1,975,340. The firm has a fifty day moving average of $17.34 and a 200 day moving average of $17.76. The company has a quick ratio of 4.09, a current ratio of 4.32 and a debt-to-equity ratio of 1.50. Douglas Emmett, Inc. has a 1 year low of $12.50 and a 1 year high of $20.50. The firm has a market cap of $2.81 billion, a PE ratio of 129.16 and a beta of 1.13.

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

Douglas Emmett Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be paid a dividend of $0.19 per share. The ex-dividend date is Monday, March 31st. This represents a $0.76 annualized dividend and a yield of 4.53%. Douglas Emmett's dividend payout ratio is presently 584.62%.

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.