22,222 Shares in Douglas Emmett, Inc. (NYSE:DEI) Purchased by Empowered Funds LLC

Empowered Funds LLC purchased a new position in shares of Douglas Emmett, Inc. (NYSE:DEI - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 22,222 shares of the real estate investment trust's stock, valued at approximately $412,000.

Several other institutional investors also recently bought and sold shares of DEI. Advisors Preferred LLC purchased a new position in shares of Douglas Emmett in the fourth quarter valued at approximately $4,028,000. Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in Douglas Emmett by 17.4% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 35,856 shares of the real estate investment trust's stock valued at $665,000 after purchasing an additional 5,319 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its holdings in Douglas Emmett by 0.5% in the 4th 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 purchasing an additional 860 shares in the last quarter. abrdn plc lifted its holdings in Douglas Emmett by 33.6% in the 4th quarter. abrdn plc now owns 43,255 shares of the real estate investment trust's stock valued at $801,000 after purchasing an additional 10,889 shares in the last quarter. Finally, Swedbank AB boosted its stake in Douglas Emmett by 17.9% during the 4th quarter. Swedbank AB now owns 53,352 shares of the real estate investment trust's stock worth $990,000 after purchasing an additional 8,097 shares during the last quarter. 97.37% of the stock is currently owned by institutional investors and hedge funds.

Douglas Emmett Trading Down 2.3 %

NYSE:DEI traded down $0.39 on Friday, reaching $16.14. The company's stock had a trading volume of 1,955,487 shares, compared to its average volume of 1,876,320. Douglas Emmett, Inc. has a 12-month low of $12.50 and a 12-month high of $20.50. The stock has a 50 day moving average price of $17.84 and a 200 day moving average price of $17.59. The firm has a market cap of $2.70 billion, a price-to-earnings ratio of 124.12 and a beta of 1.11. 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 (NYSE:DEI - Get Free Report) last issued its quarterly earnings data 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%. On average, equities analysts anticipate that Douglas Emmett, Inc. will post 1.45 EPS for the current fiscal year.

Douglas Emmett Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were issued a $0.19 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $0.76 annualized dividend and a dividend yield of 4.71%. Douglas Emmett's dividend payout ratio is currently 584.66%.

Analyst Ratings Changes

Several research firms have recently weighed in on DEI. Evercore ISI raised their price target on shares of Douglas Emmett from $16.00 to $19.00 and gave the stock an "in-line" rating in a research note on Thursday, November 7th. Jefferies Financial Group boosted their target price on Douglas Emmett from $17.00 to $18.00 and gave the stock a "hold" rating in a report on Thursday, January 2nd. StockNews.com cut Douglas Emmett from a "hold" rating to a "sell" rating in a report on Thursday, February 6th. Wedbush upgraded Douglas Emmett from a "neutral" rating to an "outperform" rating and lifted their price objective for the stock from $19.00 to $21.00 in a research report on Thursday, January 2nd. Finally, Janney Montgomery Scott restated a "neutral" rating on shares of Douglas Emmett in a report on Wednesday, January 15th. One analyst has rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $18.75.

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.