Douglas Emmett, Inc. (NYSE:DEI) Shares Bought by Fmr LLC

FMR LLC lifted its stake in shares of Douglas Emmett, Inc. (NYSE:DEI - Free Report) by 59.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,794,304 shares of the real estate investment trust's stock after purchasing an additional 2,910,490 shares during the quarter. FMR LLC owned about 4.66% of Douglas Emmett worth $144,662,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of DEI. JPMorgan Chase & Co. increased its stake in Douglas Emmett by 130.6% in the 4th quarter. JPMorgan Chase & Co. now owns 2,684,597 shares of the real estate investment trust's stock valued at $49,826,000 after buying an additional 1,520,348 shares during the period. Norges Bank acquired a new position in shares of Douglas Emmett during the fourth quarter worth about $23,526,000. Raymond James Financial Inc. acquired a new position in shares of Douglas Emmett during the fourth quarter worth about $7,829,000. Advisors Preferred LLC purchased a new position in Douglas Emmett during the fourth quarter worth about $4,028,000. Finally, Massachusetts Financial Services Co. MA lifted 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 valued at $147,437,000 after purchasing an additional 125,727 shares during the period. Hedge funds and other institutional investors own 97.37% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on DEI. Wedbush raised Douglas Emmett from a "neutral" rating to an "outperform" rating and increased their target price for the stock from $19.00 to $21.00 in a research note on Thursday, January 2nd. Jefferies Financial Group initiated coverage on Douglas Emmett in a report on Monday, March 17th. They issued a "hold" rating and a $16.00 target price for the company. Piper Sandler raised shares of Douglas Emmett from a "neutral" rating to an "overweight" rating and set a $20.00 price target on the stock in a research note on Monday, January 13th. StockNews.com cut shares of Douglas Emmett from a "hold" rating to a "sell" rating in a research note on Thursday, February 6th. Finally, Janney Montgomery Scott restated 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 assigned a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $18.50.

Douglas Emmett Price Performance

DEI traded up $0.26 during midday trading on Friday, reaching $14.02. 2,888,676 shares of the company's stock were exchanged, compared to its average volume of 1,698,056. Douglas Emmett, Inc. has a 1-year low of $12.39 and a 1-year high of $20.50. The stock has a market capitalization of $2.35 billion, a PE ratio of 107.82 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. The business's 50-day moving average price is $15.78 and its 200 day moving average price is $17.46.

Douglas Emmett (NYSE:DEI - Get Free Report) last posted its quarterly earnings data 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%. As a group, equities analysts anticipate that Douglas Emmett, Inc. will post 1.45 EPS for the current fiscal year.

Douglas Emmett Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were given a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 5.42%. The ex-dividend date was Monday, March 31st. Douglas Emmett's dividend payout ratio is currently 584.62%.

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.