JPMorgan Chase & Co. Increases Holdings in Douglas Emmett, Inc. (NYSE:DEI)

JPMorgan Chase & Co. boosted its holdings in Douglas Emmett, Inc. (NYSE:DEI - Free Report) by 130.6% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,684,597 shares of the real estate investment trust's stock after buying an additional 1,520,348 shares during the quarter. JPMorgan Chase & Co. owned 1.60% of Douglas Emmett worth $49,826,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. Geode Capital Management LLC grew its stake in shares of Douglas Emmett by 0.7% during the 3rd 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 period. Charles Schwab Investment Management Inc. raised its holdings in shares of Douglas Emmett by 0.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,812,708 shares of the real estate investment trust's stock worth $70,764,000 after acquiring an additional 14,886 shares in the last quarter. Victory Capital Management Inc. raised its holdings in Douglas Emmett by 1.0% during the 4th quarter. Victory Capital Management Inc. now owns 1,593,909 shares of the real estate investment trust's stock valued at $29,583,000 after buying an additional 15,704 shares during the period. Principal Financial Group Inc. raised its holdings in 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 buying an additional 22,878 shares during the period. Finally, Nordea Investment Management AB raised its holdings in Douglas Emmett by 4.0% during the 4th quarter. Nordea Investment Management AB now owns 663,262 shares of the real estate investment trust's stock valued at $12,317,000 after buying an additional 25,737 shares during the period. Hedge funds and other institutional investors own 97.37% of the company's stock.

Wall Street Analysts Forecast Growth

DEI has been the topic of several recent research reports. Janney Montgomery Scott restated a "neutral" rating on shares of Douglas Emmett in a report on Wednesday, January 15th. Piper Sandler raised Douglas Emmett from a "neutral" rating to an "overweight" rating and set a $20.00 price objective on the stock in a research report on Monday, January 13th. Wedbush raised Douglas Emmett from a "neutral" rating to an "outperform" rating and upped their price objective for the company from $19.00 to $21.00 in a research report on Thursday, January 2nd. Jefferies Financial Group initiated coverage on Douglas Emmett in a research report on Monday, March 17th. They issued a "hold" rating and a $16.00 price objective on the stock. Finally, StockNews.com downgraded Douglas Emmett from a "hold" rating to a "sell" rating in a research report on Thursday, February 6th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $18.50.

Douglas Emmett Stock Down 5.2 %

DEI stock traded down $0.74 during trading on Thursday, reaching $13.44. 256,267 shares of the company traded hands, compared to its average volume of 2,197,392. Douglas Emmett, Inc. has a 12 month low of $12.39 and a 12 month high of $20.50. The business has a 50 day simple moving average of $16.26 and a 200 day simple moving average of $17.61. The company has a market capitalization of $2.25 billion, a price-to-earnings ratio of 103.39 and a beta of 1.09. The company has a debt-to-equity ratio of 1.50, a quick ratio of 4.09 and a current ratio of 4.32.

Douglas Emmett (NYSE:DEI - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The real estate investment trust reported $0.38 earnings per share for the quarter, beating 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%. On average, equities research analysts anticipate that Douglas Emmett, Inc. will post 1.45 earnings per share for the current fiscal year.

Douglas Emmett Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 5.65%. The ex-dividend date is Monday, March 31st. Douglas Emmett's dividend payout ratio is presently 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.