Norges Bank Makes New Investment in Douglas Emmett, Inc. (NYSE:DEI)

Norges Bank acquired a new position in Douglas Emmett, Inc. (NYSE:DEI - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 1,267,580 shares of the real estate investment trust's stock, valued at approximately $23,526,000. Norges Bank owned about 0.76% of Douglas Emmett as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Geode Capital Management LLC lifted its stake in Douglas Emmett by 0.7% in the third quarter. Geode Capital Management LLC now owns 4,171,839 shares of the real estate investment trust's stock worth $73,312,000 after purchasing an additional 26,961 shares during the last quarter. Empowered Funds LLC purchased a new position in shares of Douglas Emmett in the fourth quarter worth about $412,000. Principal Financial Group Inc. increased its holdings in shares of Douglas Emmett by 2.9% in the fourth quarter. Principal Financial Group Inc. now owns 811,655 shares of the real estate investment trust's stock worth $15,064,000 after buying an additional 22,878 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of Douglas Emmett by 130.6% in the 4th quarter. JPMorgan Chase & Co. now owns 2,684,597 shares of the real estate investment trust's stock valued at $49,826,000 after acquiring an additional 1,520,348 shares during the last quarter. Finally, Cibc World Markets Corp purchased a new stake in Douglas Emmett during the 4th quarter valued at about $281,000. Hedge funds and other institutional investors own 97.37% of the company's stock.

Douglas Emmett Stock Up 0.9 %

Shares of DEI traded up $0.12 during mid-day trading on Friday, reaching $13.40. The company had a trading volume of 1,646,582 shares, compared to its average volume of 1,691,526. Douglas Emmett, Inc. has a 52 week low of $12.39 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 company has a market capitalization of $2.24 billion, a price-to-earnings ratio of 103.08 and a beta of 1.09. The firm has a 50-day moving average price of $16.07 and a 200 day moving average price of $17.56.

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

Douglas Emmett Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be issued a $0.19 dividend. The ex-dividend date is Monday, March 31st. This represents a $0.76 annualized dividend and a yield of 5.67%. Douglas Emmett's dividend payout ratio (DPR) is presently 584.62%.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on DEI. StockNews.com downgraded Douglas Emmett from a "hold" rating to a "sell" rating in a research report on Thursday, February 6th. Janney Montgomery Scott reiterated a "neutral" rating on shares of Douglas Emmett in a report on Wednesday, January 15th. Jefferies Financial Group assumed coverage on shares of Douglas Emmett in a report on Monday, March 17th. They issued a "hold" rating and a $16.00 price target on the stock. Piper Sandler upgraded shares of 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. Finally, Wedbush upgraded shares of Douglas Emmett from a "neutral" rating to an "outperform" rating and increased their target price for the stock from $19.00 to $21.00 in a report on Thursday, January 2nd. One investment 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. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $18.50.

About Douglas Emmett

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.