KLP Kapitalforvaltning AS Takes $655,000 Position in Douglas Emmett, Inc. (NYSE:DEI)

KLP Kapitalforvaltning AS purchased a new stake in Douglas Emmett, Inc. (NYSE:DEI - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 35,000 shares of the real estate investment trust's stock, valued at approximately $655,000.

A number of other hedge funds have also made changes to their positions in DEI. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Douglas Emmett by 379.1% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,085,427 shares of the real estate investment trust's stock valued at $19,071,000 after acquiring an additional 858,857 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Douglas Emmett in the fourth quarter valued at about $7,829,000. FMR LLC grew its position in shares of Douglas Emmett by 8.5% in the third quarter. FMR LLC now owns 4,883,814 shares of the real estate investment trust's stock valued at $85,809,000 after purchasing an additional 384,371 shares during the last quarter. NFJ Investment Group LLC purchased a new position in shares of Douglas Emmett during the 3rd quarter worth approximately $6,210,000. Finally, Advisors Preferred LLC purchased a new position in shares of Douglas Emmett during the 4th quarter worth approximately $4,028,000. Hedge funds and other institutional investors own 97.37% of the company's stock.

Analyst Upgrades and Downgrades

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

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Douglas Emmett Trading Down 10.3 %

DEI stock traded down $1.69 on Thursday, hitting $14.61. 2,055,291 shares of the company were exchanged, compared to its average volume of 1,659,928. 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 stock has a market capitalization of $2.45 billion, a price-to-earnings ratio of 112.35 and a beta of 1.13. Douglas Emmett, Inc. has a twelve month low of $12.50 and a twelve month high of $20.50. The business's fifty day moving average is $16.80 and its two-hundred day moving average is $17.78.

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

Douglas Emmett Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be issued a dividend of $0.19 per share. The ex-dividend date is Monday, March 31st. This represents a $0.76 annualized dividend and a dividend yield of 5.20%. Douglas Emmett's payout ratio is 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.