SG Americas Securities LLC Has $5.67 Million Stake in Douglas Emmett, Inc. (NYSE:DEI)

SG Americas Securities LLC increased its holdings in Douglas Emmett, Inc. (NYSE:DEI - Free Report) by 105.3% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 322,585 shares of the real estate investment trust's stock after buying an additional 165,429 shares during the period. SG Americas Securities LLC owned about 0.19% of Douglas Emmett worth $5,668,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Inspire Investing LLC raised its stake in Douglas Emmett by 3.4% in the 2nd quarter. Inspire Investing LLC now owns 26,491 shares of the real estate investment trust's stock valued at $353,000 after purchasing an additional 883 shares during the last quarter. Arizona State Retirement System raised its stake in Douglas Emmett by 2.2% in the 2nd quarter. Arizona State Retirement System now owns 46,850 shares of the real estate investment trust's stock valued at $624,000 after purchasing an additional 1,027 shares during the last quarter. AQR Capital Management LLC raised its stake in Douglas Emmett by 3.9% in the 2nd quarter. AQR Capital Management LLC now owns 36,432 shares of the real estate investment trust's stock valued at $479,000 after purchasing an additional 1,377 shares during the last quarter. Aspire Private Capital LLC increased its stake in shares of Douglas Emmett by 20.0% during the 2nd quarter. Aspire Private Capital LLC now owns 9,537 shares of the real estate investment trust's stock valued at $127,000 after acquiring an additional 1,592 shares during the last quarter. Finally, Louisiana State Employees Retirement System increased its stake in shares of Douglas Emmett by 1.9% during the 2nd quarter. Louisiana State Employees Retirement System now owns 84,200 shares of the real estate investment trust's stock valued at $1,121,000 after acquiring an additional 1,600 shares during the last quarter. 97.37% of the stock is currently owned by hedge funds and other institutional investors.

Douglas Emmett Stock Performance

Shares of DEI traded up $0.45 during trading hours on Friday, reaching $17.94. 2,360,774 shares of the company's stock traded hands, compared to its average volume of 1,680,163. The firm has a market capitalization of $3.00 billion, a price-to-earnings ratio of -57.87 and a beta of 1.11. The company has a debt-to-equity ratio of 1.47, a current ratio of 5.11 and a quick ratio of 5.11. Douglas Emmett, Inc. has a twelve month low of $10.76 and a twelve month high of $17.94. The business's fifty day simple moving average is $16.08 and its two-hundred day simple moving average is $14.55.

Douglas Emmett (NYSE:DEI - Get Free Report) last announced its earnings results on Thursday, August 8th. The real estate investment trust reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.37). Douglas Emmett had a negative net margin of 3.55% and a negative return on equity of 0.88%. The firm had revenue of $245.80 million for the quarter, compared to the consensus estimate of $246.62 million. During the same period in the prior year, the business earned $0.48 EPS. The company's quarterly revenue was down 3.0% compared to the same quarter last year. Analysts predict that Douglas Emmett, Inc. will post 1.67 earnings per share for the current year.

Douglas Emmett Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 16th. Investors of record on Monday, September 30th will be paid a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 4.24%. The ex-dividend date is Monday, September 30th. Douglas Emmett's dividend payout ratio is currently -245.16%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Piper Sandler boosted their target price on Douglas Emmett from $15.00 to $16.00 and gave the stock a "neutral" rating in a report on Monday, August 12th. JPMorgan Chase & Co. upped their price target on Douglas Emmett from $15.00 to $18.00 and gave the stock a "neutral" rating in a report on Monday, September 9th. Citigroup upped their price target on Douglas Emmett from $14.00 to $16.00 and gave the stock a "neutral" rating in a report on Thursday, September 12th. Wells Fargo & Company upped their price target on Douglas Emmett from $15.00 to $17.00 and gave the stock an "overweight" rating in a report on Wednesday, September 11th. Finally, Evercore ISI upped their price target on Douglas Emmett from $15.00 to $16.00 and gave the stock an "in-line" rating in a report on Wednesday, August 28th. Seven research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $16.29.

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.