Massachusetts Financial Services Co. MA Buys 125,727 Shares of Douglas Emmett, Inc. (NYSE:DEI)

Massachusetts Financial Services Co. MA grew its holdings in Douglas Emmett, Inc. (NYSE:DEI - Free Report) by 1.6% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,943,811 shares of the real estate investment trust's stock after acquiring an additional 125,727 shares during the period. Massachusetts Financial Services Co. MA owned 4.74% of Douglas Emmett worth $147,437,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Smartleaf Asset Management LLC increased its position 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 buying an additional 2,933 shares during the last quarter. GAMMA Investing LLC lifted its holdings in Douglas Emmett by 19.7% in the 4th 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. boosted its position 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 purchasing an additional 1,172 shares during the period. KBC Group NV grew its holdings in Douglas Emmett by 41.1% during the fourth quarter. KBC Group NV now owns 6,926 shares of the real estate investment trust's stock valued at $129,000 after purchasing an additional 2,018 shares during the last quarter. Finally, Quantbot Technologies LP raised its position in shares of Douglas Emmett by 89.6% in the fourth quarter. Quantbot Technologies LP now owns 9,429 shares of the real estate investment trust's stock valued at $175,000 after purchasing an additional 4,455 shares during the period. Institutional investors own 97.37% of the company's stock.

Douglas Emmett Price Performance

Shares of DEI traded down $1.19 during trading hours on Thursday, hitting $12.99. The stock had a trading volume of 789,867 shares, compared to its average volume of 1,690,030. The stock has a market capitalization of $2.18 billion, a price-to-earnings ratio of 99.82 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 company's fifty day moving average is $16.26 and its two-hundred day moving average is $17.61. Douglas Emmett, Inc. has a 52 week low of $12.39 and a 52 week high of $20.50.

Douglas Emmett (NYSE:DEI - Get Free Report) last posted its quarterly earnings data 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, analysts anticipate that Douglas Emmett, Inc. will post 1.45 EPS for the current year.

Douglas Emmett Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders 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 dividend yield of 5.85%. Douglas Emmett's payout ratio is 584.62%.

Analyst Upgrades and Downgrades

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

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.