Douglas Emmett, Inc. (NYSE:DEI) Shares Purchased by CANADA LIFE ASSURANCE Co

CANADA LIFE ASSURANCE Co grew its stake in shares of Douglas Emmett, Inc. (NYSE:DEI - Free Report) by 4.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 435,051 shares of the real estate investment trust's stock after buying an additional 19,582 shares during the quarter. CANADA LIFE ASSURANCE Co owned about 0.26% of Douglas Emmett worth $8,068,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in DEI. Massachusetts Financial Services Co. MA raised its position in Douglas Emmett by 1.6% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 7,943,811 shares of the real estate investment trust's stock worth $147,437,000 after acquiring an additional 125,727 shares in the last quarter. FMR LLC grew its stake in shares of Douglas Emmett by 59.6% in the 4th quarter. FMR LLC now owns 7,794,304 shares of the real estate investment trust's stock worth $144,662,000 after purchasing an additional 2,910,490 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Douglas Emmett by 0.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,812,708 shares of the real estate investment trust's stock worth $70,764,000 after purchasing an additional 14,886 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in Douglas Emmett by 130.6% during the fourth quarter. JPMorgan Chase & Co. now owns 2,684,597 shares of the real estate investment trust's stock valued at $49,826,000 after purchasing an additional 1,520,348 shares during the last quarter. Finally, Victory Capital Management Inc. lifted its stake in Douglas Emmett by 1.0% during the fourth quarter. Victory Capital Management Inc. now owns 1,593,909 shares of the real estate investment trust's stock valued at $29,583,000 after purchasing an additional 15,704 shares during the last quarter. 97.37% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have issued reports on DEI. Wedbush raised 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 report on Thursday, January 2nd. Jefferies Financial Group initiated coverage on shares of Douglas Emmett in a research report on Monday, March 17th. They issued a "hold" rating and a $16.00 price target for the company. 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 research report on Monday, January 13th. StockNews.com downgraded shares of Douglas Emmett from a "hold" rating to a "sell" rating in a research report on Thursday, February 6th. Finally, Janney Montgomery Scott reiterated a "neutral" rating on shares of Douglas Emmett in a research note on Wednesday, January 15th. One analyst has rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $18.50.

Douglas Emmett Stock Performance

NYSE DEI opened at $13.68 on Wednesday. Douglas Emmett, Inc. has a 52-week low of $12.39 and a 52-week high of $20.50. The firm has a market capitalization of $2.29 billion, a price-to-earnings ratio of 105.25 and a beta of 1.09. The company's fifty day moving average is $15.58 and its two-hundred day moving average is $17.38. 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 (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 (EPS) for the quarter, beating the consensus estimate of ($0.06) by $0.44. Douglas Emmett had a net margin of 2.38% and a return on equity of 0.63%. Equities research analysts forecast that Douglas Emmett, Inc. will post 1.45 EPS for the current year.

Douglas Emmett Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were given a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 5.56%. The ex-dividend date was Monday, March 31st. Douglas Emmett's dividend payout ratio (DPR) is presently 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.

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