Resona Asset Management Co. Ltd. Makes New Investment in Douglas Emmett, Inc. (NYSE:DEI)

Resona Asset Management Co. Ltd. acquired a new position in shares of Douglas Emmett, Inc. (NYSE:DEI - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 66,258 shares of the real estate investment trust's stock, valued at approximately $1,234,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Geode Capital Management LLC increased its position in Douglas Emmett by 0.7% during the 3rd 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 in the last quarter. JPMorgan Chase & Co. lifted its holdings in Douglas Emmett by 130.6% in the fourth quarter. JPMorgan Chase & Co. now owns 2,684,597 shares of the real estate investment trust's stock valued at $49,826,000 after buying an additional 1,520,348 shares during the period. Empowered Funds LLC bought a new stake in shares of Douglas Emmett during the 4th quarter valued at about $412,000. Principal Financial Group Inc. grew its position in shares of Douglas Emmett by 2.9% during the 4th 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. Finally, Cibc World Markets Corp bought a new stake in Douglas Emmett in the fourth quarter valued at $281,000. Institutional investors and hedge funds own 97.37% of the company's stock.

Douglas Emmett Stock Performance

Shares of NYSE:DEI traded up $0.17 during midday trading on Wednesday, reaching $14.08. 188,536 shares of the company traded hands, compared to its average volume of 2,174,281. The firm's fifty day moving average price is $15.92 and its two-hundred day moving average price is $17.51. The firm has a market capitalization of $2.36 billion, a price-to-earnings ratio of 108.35 and a beta of 1.09. The company has a quick ratio of 4.09, a current ratio of 4.32 and a debt-to-equity ratio of 1.50. Douglas Emmett, Inc. has a 12 month low of $12.39 and a 12 month high of $20.50.

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

Douglas Emmett Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 5.40%. The ex-dividend date of this dividend was Monday, March 31st. Douglas Emmett's dividend payout ratio is currently 584.62%.

Analyst Upgrades and Downgrades

DEI has been the topic of a number of research reports. StockNews.com lowered Douglas Emmett from a "hold" rating to a "sell" rating in a research report on Thursday, February 6th. Wedbush upgraded Douglas Emmett from a "neutral" rating to an "outperform" rating and upped their price objective for the company from $19.00 to $21.00 in a research note on Thursday, January 2nd. Janney Montgomery Scott restated a "neutral" rating on shares of Douglas Emmett in a research note on Wednesday, January 15th. Piper Sandler raised Douglas Emmett from a "neutral" rating to an "overweight" rating and set a $20.00 price objective for the company in a report on Monday, January 13th. Finally, Jefferies Financial Group began coverage on Douglas Emmett in a research report on Monday, March 17th. They issued a "hold" rating and a $16.00 target price for the company. 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. According to MarketBeat, Douglas Emmett presently has a consensus rating of "Hold" and a consensus price target 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.