Victory Capital Management Inc. Boosts Stock Position in Douglas Emmett, Inc. (NYSE:DEI)

Victory Capital Management Inc. grew its stake in shares of Douglas Emmett, Inc. (NYSE:DEI - Free Report) by 1.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,593,909 shares of the real estate investment trust's stock after purchasing an additional 15,704 shares during the quarter. Victory Capital Management Inc. owned approximately 0.95% of Douglas Emmett worth $29,583,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the company. Bamco Inc. NY raised its holdings in shares of Douglas Emmett by 0.3% during the third quarter. Bamco Inc. NY now owns 6,389,444 shares of the real estate investment trust's stock valued at $112,263,000 after acquiring an additional 20,000 shares in the last quarter. FMR LLC boosted its stake in Douglas Emmett by 8.5% during the 3rd quarter. FMR LLC now owns 4,883,814 shares of the real estate investment trust's stock valued at $85,809,000 after purchasing an additional 384,371 shares during the last quarter. Geode Capital Management LLC lifted its position in Douglas Emmett by 0.7% during the third quarter. Geode Capital Management LLC now owns 4,171,839 shares of the real estate investment trust's stock valued at $73,312,000 after purchasing an additional 26,961 shares during the period. Charles Schwab Investment Management Inc. increased its position in Douglas Emmett by 0.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,812,708 shares of the real estate investment trust's stock valued at $70,764,000 after acquiring an additional 14,886 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of 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 acquiring an additional 858,857 shares during the last quarter. Institutional investors own 97.37% of the company's stock.

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Douglas Emmett Trading Down 4.0 %

Shares of NYSE:DEI traded down $0.64 during trading hours on Thursday, hitting $15.42. 2,071,526 shares of the company's stock traded hands, compared to its average volume of 1,987,811. The business has a fifty day moving average price of $17.20 and a 200-day moving average price of $17.76. The firm has a market capitalization of $2.58 billion, a P/E ratio of 118.60 and a beta of 1.13. The company has a debt-to-equity ratio of 1.50, a current ratio of 4.32 and a quick ratio of 4.09. Douglas Emmett, Inc. has a 1 year low of $12.50 and a 1 year high of $20.50.

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

Douglas Emmett Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be issued a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 4.93%. The ex-dividend date of this dividend is Monday, March 31st. Douglas Emmett's dividend payout ratio is 584.62%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. StockNews.com downgraded Douglas Emmett from a "hold" rating to a "sell" rating in a research report on Thursday, February 6th. Scotiabank raised shares of Douglas Emmett from a "sector perform" rating to a "sector outperform" rating and raised their target price for the company from $16.00 to $21.00 in a research note on Thursday, November 14th. Wedbush raised 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 upgraded Douglas Emmett from a "neutral" rating to an "overweight" rating and set a $20.00 price objective for the company in a research report on Monday, January 13th. Finally, Janney Montgomery Scott reiterated a "neutral" rating on shares of Douglas Emmett in a research report on Wednesday, January 15th. One investment 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 target price of $18.75.

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.