Douglas Emmett, Inc. (NYSE:DEI) Shares Purchased by Fox Run Management L.L.C.

Fox Run Management L.L.C. raised its holdings in Douglas Emmett, Inc. (NYSE:DEI - Free Report) by 143.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 29,985 shares of the real estate investment trust's stock after acquiring an additional 17,689 shares during the period. Fox Run Management L.L.C.'s holdings in Douglas Emmett were worth $557,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the business. Geode Capital Management LLC increased its stake in Douglas Emmett by 0.7% in the third quarter. Geode Capital Management LLC now owns 4,171,839 shares of the real estate investment trust's stock valued at $73,312,000 after purchasing an additional 26,961 shares during the last quarter. Empowered Funds LLC acquired a new position in shares of Douglas Emmett during the 4th quarter valued at about $412,000. Principal Financial Group Inc. increased its stake in shares of Douglas Emmett by 2.9% during the 4th quarter. Principal Financial Group Inc. now owns 811,655 shares of the real estate investment trust's stock valued at $15,064,000 after acquiring an additional 22,878 shares during the last quarter. KBC Group NV lifted its holdings in shares of Douglas Emmett by 41.1% during the 4th quarter. KBC Group NV now owns 6,926 shares of the real estate investment trust's stock worth $129,000 after acquiring an additional 2,018 shares during the period. Finally, Amundi boosted its position in shares of Douglas Emmett by 47.7% in the fourth quarter. Amundi now owns 170,038 shares of the real estate investment trust's stock worth $2,874,000 after acquiring an additional 54,899 shares during the last quarter. Hedge funds and other institutional investors own 97.37% of the company's stock.

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Douglas Emmett Stock Performance

NYSE:DEI traded down $0.32 during trading hours on Friday, reaching $16.07. 4,363,020 shares of the stock were exchanged, compared to its average volume of 1,650,306. The stock has a market capitalization of $2.69 billion, a P/E ratio of 123.66 and a beta of 1.13. The firm has a 50 day simple moving average of $16.88 and a 200-day simple 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 52 week low of $12.50 and a 52 week high of $20.50.

Douglas Emmett (NYSE:DEI - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The real estate investment trust reported $0.38 earnings per share (EPS) for the quarter, topping the consensus estimate 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, sell-side analysts forecast that Douglas Emmett, Inc. will post 1.45 earnings per share for the current fiscal year.

Douglas Emmett Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be issued a $0.19 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.76 dividend on an annualized basis and a yield of 4.73%. Douglas Emmett's dividend payout ratio is currently 584.62%.

Analysts Set New Price Targets

A number of research firms have weighed in on DEI. 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. Wedbush upgraded Douglas Emmett from a "neutral" rating to an "outperform" rating and lifted their target price for the company from $19.00 to $21.00 in a report on Thursday, January 2nd. Jefferies Financial Group began coverage on Douglas Emmett in a research note on Monday, March 17th. They set a "hold" rating and a $16.00 price target for the company. StockNews.com lowered Douglas Emmett from a "hold" rating to a "sell" rating in a research note on Thursday, February 6th. Finally, Janney Montgomery Scott reissued a "neutral" rating on shares of Douglas Emmett in a research report on Wednesday, January 15th. One research 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. Based on data from MarketBeat.com, Douglas Emmett currently has an average rating of "Hold" and an average price target of $18.50.

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.