Dark Forest Capital Management LP Has $1.17 Million Stock Holdings in Douglas Emmett, Inc. (NYSE:DEI)

Dark Forest Capital Management LP increased its holdings in shares of Douglas Emmett, Inc. (NYSE:DEI - Free Report) by 354.6% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 62,917 shares of the real estate investment trust's stock after purchasing an additional 49,076 shares during the quarter. Dark Forest Capital Management LP's holdings in Douglas Emmett were worth $1,168,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Summit Investment Advisors Inc. increased its holdings in Douglas Emmett by 4.6% during the 4th quarter. Summit Investment Advisors Inc. now owns 16,895 shares of the real estate investment trust's stock worth $314,000 after purchasing an additional 738 shares during the last quarter. GAMMA Investing LLC raised its holdings in Douglas Emmett by 19.7% in the fourth quarter. GAMMA Investing LLC now owns 4,561 shares of the real estate investment trust's stock valued at $85,000 after acquiring an additional 750 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. raised its holdings in Douglas Emmett by 0.5% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 182,461 shares of the real estate investment trust's stock valued at $3,386,000 after acquiring an additional 860 shares in the last quarter. FIL Ltd boosted its stake in Douglas Emmett by 19.0% during the 4th quarter. FIL Ltd now owns 5,546 shares of the real estate investment trust's stock valued at $103,000 after acquiring an additional 884 shares during the last quarter. Finally, Xponance Inc. grew its holdings in Douglas Emmett by 8.6% during the 4th quarter. Xponance Inc. now owns 11,634 shares of the real estate investment trust's stock worth $216,000 after acquiring an additional 920 shares in the last quarter. Hedge funds and other institutional investors own 97.37% of the company's stock.

Analysts Set New Price Targets

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

Douglas Emmett Price Performance

Shares of NYSE:DEI traded down $0.04 on Monday, reaching $14.20. 1,596,556 shares of the company traded hands, compared to its average volume of 1,701,820. The company's 50 day moving average is $15.41 and its 200-day moving average is $17.31. The stock has a market capitalization of $2.38 billion, a PE ratio of 109.24 and a beta of 1.09. 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, Inc. has a fifty-two week low of $12.39 and a fifty-two week 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 earnings per share 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%. As a group, analysts anticipate that Douglas Emmett, Inc. will post 1.45 earnings per share for the current fiscal year.

Douglas Emmett Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were given a $0.19 dividend. The ex-dividend date was Monday, March 31st. This represents a $0.76 dividend on an annualized basis and a yield of 5.35%. Douglas Emmett's payout ratio is 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.