Intech Investment Management LLC Buys 25,962 Shares of Douglas Emmett, Inc. (NYSE:DEI)

Intech Investment Management LLC grew its position in shares of Douglas Emmett, Inc. (NYSE:DEI - Free Report) by 70.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 62,959 shares of the real estate investment trust's stock after acquiring an additional 25,962 shares during the quarter. Intech Investment Management LLC's holdings in Douglas Emmett were worth $1,169,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Smartleaf Asset Management LLC boosted its holdings in 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 worth $79,000 after purchasing an additional 2,933 shares during the last quarter. GAMMA Investing LLC boosted its position in Douglas Emmett by 19.7% in the fourth quarter. GAMMA Investing LLC now owns 4,561 shares of the real estate investment trust's stock worth $85,000 after purchasing an additional 750 shares during the last quarter. Raleigh Capital Management Inc. increased its holdings in Douglas Emmett by 30.4% during the fourth quarter. Raleigh Capital Management Inc. now owns 5,028 shares of the real estate investment trust's stock worth $93,000 after buying an additional 1,172 shares during the last quarter. KBC Group NV grew its position 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 valued at $129,000 after acquiring an additional 2,018 shares during the period. Finally, Paloma Partners Management Co purchased a new stake in shares of Douglas Emmett during the 3rd quarter worth approximately $176,000. Institutional investors own 97.37% of the company's stock.

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Wall Street Analysts Forecast Growth

DEI has been the topic of several research analyst reports. StockNews.com downgraded Douglas Emmett from a "hold" rating to a "sell" rating in a research note on Thursday, February 6th. Janney Montgomery Scott restated a "neutral" rating on shares of Douglas Emmett in a research note on Wednesday, January 15th. Jefferies Financial Group initiated coverage on shares of Douglas Emmett in a report on Monday, March 17th. They set a "hold" rating and a $16.00 price objective on the stock. Wedbush upgraded shares of Douglas Emmett from a "neutral" rating to an "outperform" rating and lifted their target price for the stock from $19.00 to $21.00 in a research note on Thursday, January 2nd. Finally, 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 report on Monday, January 13th. 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 MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $18.50.

Douglas Emmett Price Performance

Douglas Emmett stock traded down $0.23 during midday trading on Wednesday, reaching $16.42. 3,620,680 shares of the stock were exchanged, compared to its average volume of 1,573,635. Douglas Emmett, Inc. has a 52 week low of $12.50 and a 52 week high of $20.50. The company has a debt-to-equity ratio of 1.50, a quick ratio of 4.09 and a current ratio of 4.32. The firm has a market cap of $2.75 billion, a PE ratio of 126.32 and a beta of 1.13. The company's fifty day moving average is $16.94 and its 200-day moving average is $17.78.

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

Douglas Emmett Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 4.63%. The ex-dividend date is Monday, March 31st. Douglas Emmett's payout ratio is 584.62%.

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.