Proficio Capital Partners LLC acquired a new stake in Douglas Emmett, Inc. (NYSE:DEI - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 32,426 shares of the real estate investment trust's stock, valued at approximately $602,000.
A number of other large investors also recently bought and sold shares of the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Douglas Emmett by 379.1% during 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 worth $19,071,000 after buying an additional 858,857 shares in the last quarter. FMR LLC increased its position in shares of Douglas Emmett by 8.5% during the third quarter. FMR LLC now owns 4,883,814 shares of the real estate investment trust's stock worth $85,809,000 after purchasing an additional 384,371 shares in the last quarter. NFJ Investment Group LLC acquired a new position in Douglas Emmett in the 3rd quarter valued at $6,210,000. Advisors Preferred LLC purchased a new position in Douglas Emmett in the 4th quarter valued at $4,028,000. Finally, Charles Schwab Investment Management Inc. boosted its stake in Douglas Emmett by 3.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,797,822 shares of the real estate investment trust's stock worth $66,728,000 after purchasing an additional 127,274 shares during the last quarter. 97.37% of the stock is owned by institutional investors and hedge funds.
Douglas Emmett Trading Down 0.5 %
Shares of NYSE:DEI traded down $0.09 during midday trading on Thursday, reaching $16.35. 2,879,079 shares of the company's stock were exchanged, compared to its average volume of 2,112,803. The firm's 50 day simple moving average is $16.93 and its two-hundred day simple moving average is $17.77. Douglas Emmett, Inc. has a fifty-two week low of $12.50 and a fifty-two week high of $20.50. 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 cap of $2.74 billion, a price-to-earnings ratio of 125.80 and a beta of 1.13.
Douglas Emmett (NYSE:DEI - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The real estate investment trust reported $0.38 earnings per share for the quarter, beating 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%. As a group, sell-side analysts forecast that Douglas Emmett, Inc. will post 1.45 EPS for the current fiscal year.
Douglas Emmett Announces Dividend
The company also recently declared 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 annualized dividend and a dividend yield of 4.65%. Douglas Emmett's dividend payout ratio is currently 584.62%.
Analyst Ratings Changes
Several equities analysts have recently weighed in on the stock. Jefferies Financial Group began coverage on shares of Douglas Emmett in a research note on Monday, March 17th. They issued a "hold" rating and a $16.00 price target on the stock. Janney Montgomery Scott restated a "neutral" rating on shares of Douglas Emmett in a report on Wednesday, January 15th. Piper Sandler upgraded Douglas Emmett from a "neutral" rating to an "overweight" rating and set a $20.00 price target for the company in a research report on Monday, January 13th. StockNews.com downgraded Douglas Emmett from a "hold" rating to a "sell" rating in a research report on Thursday, February 6th. Finally, Wedbush upgraded Douglas Emmett from a "neutral" rating to an "outperform" rating and upped their target price for the company from $19.00 to $21.00 in a report 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 company. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $18.50.
Read Our Latest Research Report on DEI
Douglas Emmett Profile
(
Free Report)
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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