Douglas Emmett, Inc. (NYSE:DEI) Shares Sold by Greenland Capital Management LP

Greenland Capital Management LP cut its position in shares of Douglas Emmett, Inc. (NYSE:DEI - Free Report) by 9.8% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 270,652 shares of the real estate investment trust's stock after selling 29,348 shares during the period. Greenland Capital Management LP owned about 0.16% of Douglas Emmett worth $5,023,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Smartleaf Asset Management LLC increased its stake in shares of Douglas Emmett by 222.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 4,252 shares of the real estate investment trust's stock valued at $79,000 after buying an additional 2,933 shares during the period. GAMMA Investing LLC grew its holdings in Douglas Emmett by 19.7% during the 4th quarter. GAMMA Investing LLC now owns 4,561 shares of the real estate investment trust's stock worth $85,000 after acquiring an additional 750 shares in the last quarter. Raleigh Capital Management Inc. increased its position in Douglas Emmett by 30.4% during the 4th quarter. Raleigh Capital Management Inc. now owns 5,028 shares of the real estate investment trust's stock valued at $93,000 after purchasing an additional 1,172 shares during the period. FIL Ltd raised its holdings in shares of Douglas Emmett by 19.0% in the 4th quarter. FIL Ltd now owns 5,546 shares of the real estate investment trust's stock valued at $103,000 after purchasing an additional 884 shares in the last quarter. Finally, KBC Group NV lifted its position in shares of Douglas Emmett by 41.1% in the 4th quarter. KBC Group NV now owns 6,926 shares of the real estate investment trust's stock worth $129,000 after purchasing an additional 2,018 shares during the period. 97.37% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on DEI shares. Janney Montgomery Scott reissued a "neutral" rating on shares of Douglas Emmett in a report on Wednesday, January 15th. Piper Sandler upgraded Douglas Emmett from a "neutral" rating to an "overweight" rating and set a $20.00 price target on the stock in a report on Monday, January 13th. StockNews.com cut Douglas Emmett from a "hold" rating to a "sell" rating in a research note on Thursday, February 6th. 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 research note on Thursday, January 2nd. Finally, Jefferies Financial Group began coverage on shares of Douglas Emmett in a report on Monday, March 17th. They issued a "hold" rating and a $16.00 target price for the company. One equities research 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. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $18.50.

Douglas Emmett Stock Up 0.9 %

NYSE DEI traded up $0.12 during trading on Friday, hitting $13.40. The company's stock had a trading volume of 1,646,582 shares, compared to its average volume of 1,690,777. Douglas Emmett, Inc. has a fifty-two week low of $12.39 and a fifty-two week high of $20.50. The company has a market cap of $2.24 billion, a PE ratio of 103.08 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 simple moving average is $16.07 and its 200-day simple moving average is $17.56.

Douglas Emmett (NYSE:DEI - Get Free Report) last released its earnings results on Tuesday, February 4th. The real estate investment trust reported $0.38 EPS for the quarter, topping analysts' consensus estimates 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 company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be given a dividend of $0.19 per share. The ex-dividend date is Monday, March 31st. This represents a $0.76 dividend on an annualized basis and a yield of 5.67%. 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.