Marshall Wace LLP Makes New $9.05 Million Investment in Douglas Emmett, Inc. (NYSE:DEI)

Marshall Wace LLP acquired a new position in shares of Douglas Emmett, Inc. (NYSE:DEI - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 487,340 shares of the real estate investment trust's stock, valued at approximately $9,045,000. Marshall Wace LLP owned approximately 0.29% of Douglas Emmett at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Summit Investment Advisors Inc. boosted its stake in Douglas Emmett by 4.6% during the fourth quarter. Summit Investment Advisors Inc. now owns 16,895 shares of the real estate investment trust's stock worth $314,000 after buying an additional 738 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of 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 valued at $85,000 after acquiring an additional 750 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. increased its stake in Douglas Emmett by 0.5% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 182,461 shares of the real estate investment trust's stock valued at $3,386,000 after acquiring an additional 860 shares during the period. FIL Ltd increased its stake in Douglas Emmett by 19.0% in the fourth quarter. FIL Ltd now owns 5,546 shares of the real estate investment trust's stock valued at $103,000 after acquiring an additional 884 shares during the period. Finally, Xponance Inc. raised its position in Douglas Emmett by 8.6% in the fourth quarter. Xponance Inc. now owns 11,634 shares of the real estate investment trust's stock worth $216,000 after purchasing an additional 920 shares in the last quarter. 97.37% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

Douglas Emmett Stock Up 1.2 %

Shares of NYSE DEI opened at $13.68 on Wednesday. Douglas Emmett, Inc. has a 12-month low of $12.39 and a 12-month high of $20.50. The firm's 50-day simple moving average is $15.58 and its 200 day simple moving average is $17.38. The company has a quick ratio of 4.09, a current ratio of 4.32 and a debt-to-equity ratio of 1.50. The company has a market cap of $2.29 billion, a price-to-earnings ratio of 105.25 and a beta of 1.09.

Douglas Emmett (NYSE:DEI - Get Free Report) last announced 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 net margin of 2.38% and a return on equity of 0.63%. On average, research analysts expect that Douglas Emmett, Inc. will post 1.45 earnings per share for the current fiscal year.

Douglas Emmett Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were given a dividend of $0.19 per share. The ex-dividend date was Monday, March 31st. This represents a $0.76 dividend on an annualized basis and a dividend yield of 5.56%. Douglas Emmett's payout ratio is currently 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.

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