Proficio Capital Partners LLC Purchases Shares of 32,426 Douglas Emmett, Inc. (NYSE:DEI)

Proficio Capital Partners LLC bought a new stake in Douglas Emmett, Inc. (NYSE:DEI - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The fund bought 32,426 shares of the real estate investment trust's stock, valued at approximately $602,000.

Several other hedge funds have also modified their holdings of DEI. Venturi Wealth Management LLC acquired a new position in Douglas Emmett in the 3rd quarter worth about $48,000. GAMMA Investing LLC increased its position in shares of Douglas Emmett by 19.7% in the fourth quarter. GAMMA Investing LLC now owns 4,561 shares of the real estate investment trust's stock valued at $85,000 after buying an additional 750 shares in the last quarter. Raleigh Capital Management Inc. raised its stake in shares of Douglas Emmett by 30.4% during the 4th quarter. Raleigh Capital Management Inc. now owns 5,028 shares of the real estate investment trust's stock worth $93,000 after buying an additional 1,172 shares during the period. KBC Group NV lifted its position in shares of Douglas Emmett by 41.1% during the 4th quarter. KBC Group NV now owns 6,926 shares of the real estate investment trust's stock valued at $129,000 after buying an additional 2,018 shares in the last quarter. Finally, Paloma Partners Management Co acquired a new stake in Douglas Emmett in the 3rd quarter valued at $176,000. 97.37% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts recently weighed in on DEI shares. StockNews.com lowered shares of Douglas Emmett from a "hold" rating to a "sell" rating in a research note on Thursday, February 6th. Janney Montgomery Scott reissued a "neutral" rating on shares of Douglas Emmett in a research note on Wednesday, January 15th. Wedbush upgraded shares of Douglas Emmett from a "neutral" rating to an "outperform" rating and increased their price objective for the company from $19.00 to $21.00 in a report on Thursday, January 2nd. Piper Sandler raised shares of Douglas Emmett from a "neutral" rating to an "overweight" rating and set a $20.00 target price on the stock in a research note on Monday, January 13th. Finally, Scotiabank upgraded Douglas Emmett from a "sector perform" rating to a "sector outperform" rating and upped their price target for the company from $16.00 to $21.00 in a research report on Thursday, November 14th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $18.75.

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Douglas Emmett Trading Down 4.0 %

DEI stock traded down $0.64 during midday trading on Thursday, hitting $15.42. 1,576,053 shares of the company's stock were exchanged, compared to its average volume of 1,980,975. Douglas Emmett, Inc. has a 1-year low of $12.50 and a 1-year high of $20.50. The company has a current ratio of 4.32, a quick ratio of 4.09 and a debt-to-equity ratio of 1.50. The stock has a market capitalization of $2.58 billion, a PE ratio of 118.60 and a beta of 1.13. The business has a 50-day simple moving average of $17.20 and a two-hundred day simple moving average of $17.76.

Douglas Emmett (NYSE:DEI - Get Free Report) last issued its quarterly earnings data on Tuesday, February 4th. The real estate investment trust reported $0.38 earnings per share (EPS) for the quarter, beating 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, sell-side analysts predict that Douglas Emmett, Inc. will post 1.45 EPS for the current fiscal year.

Douglas Emmett Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors 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 4.93%. 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.