Summit Financial LLC Makes New $2.05 Million Investment in Douglas Emmett, Inc. (NYSE:DEI)

Summit Financial LLC purchased 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 (SEC). The firm purchased 109,456 shares of the real estate investment trust's stock, valued at approximately $2,052,000. Summit Financial LLC owned about 0.07% of Douglas Emmett as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. GAMMA Investing LLC lifted its holdings in shares of Douglas Emmett by 19.7% in the 4th quarter. GAMMA Investing LLC now owns 4,561 shares of the real estate investment trust's stock worth $85,000 after acquiring an additional 750 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its stake in Douglas Emmett by 0.5% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 182,461 shares of the real estate investment trust's stock worth $3,386,000 after purchasing an additional 860 shares during the last quarter. Xponance Inc. boosted its position in shares of Douglas Emmett by 8.6% during the fourth quarter. Xponance Inc. now owns 11,634 shares of the real estate investment trust's stock valued at $216,000 after buying an additional 920 shares during the period. HighTower Advisors LLC grew its stake in shares of Douglas Emmett by 6.9% during the fourth quarter. HighTower Advisors LLC now owns 14,257 shares of the real estate investment trust's stock valued at $265,000 after buying an additional 922 shares during the last quarter. Finally, Raleigh Capital Management Inc. grew its stake in shares of Douglas Emmett by 30.4% during the fourth quarter. Raleigh Capital Management Inc. now owns 5,028 shares of the real estate investment trust's stock valued at $93,000 after buying an additional 1,172 shares during the last quarter. 97.37% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Jefferies Financial Group initiated coverage on Douglas Emmett in a report on Monday, March 17th. They set a "hold" rating and a $16.00 price objective for the company. Wedbush raised shares of Douglas Emmett from a "neutral" rating to an "outperform" rating and boosted their target price for the company from $19.00 to $21.00 in a research note on Thursday, January 2nd. Piper Sandler raised shares of Douglas Emmett from a "neutral" rating to an "overweight" rating and set a $20.00 price target on the stock in a research note on Monday, January 13th. Janney Montgomery Scott reissued a "neutral" rating on shares of Douglas Emmett in a research report on Wednesday, January 15th. Finally, StockNews.com lowered shares of Douglas Emmett from a "hold" rating to a "sell" rating in a research report on Thursday, February 6th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $18.50.

Douglas Emmett Stock Down 2.4 %

Shares of NYSE DEI traded down $0.34 during midday trading on Friday, reaching $14.25. 3,533,308 shares of the company's stock traded hands, compared to its average volume of 1,671,815. The company has a market cap of $2.39 billion, a price-to-earnings ratio of 109.60 and a beta of 1.13. The stock's 50 day simple moving average is $16.69 and its 200-day simple moving average is $17.74. 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 one year low of $12.50 and a one year high of $20.50.

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 (EPS) for the quarter, beating 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, analysts predict that Douglas Emmett, Inc. will post 1.45 EPS for the current fiscal year.

Douglas Emmett Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 5.33%. The ex-dividend date of this dividend is Monday, March 31st. Douglas Emmett's dividend payout ratio (DPR) is presently 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.