Zurcher Kantonalbank Zurich Cantonalbank Acquires 35,081 Shares of Douglas Emmett, Inc. (NYSE:DEI)

Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Douglas Emmett, Inc. (NYSE:DEI - Free Report) by 49.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 105,952 shares of the real estate investment trust's stock after acquiring an additional 35,081 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank owned about 0.06% of Douglas Emmett worth $1,966,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Victory Capital Management Inc. raised its holdings in Douglas Emmett by 4,395.5% during the third quarter. Victory Capital Management Inc. now owns 1,578,205 shares of the real estate investment trust's stock worth $27,729,000 after purchasing an additional 1,543,099 shares in the last quarter. Metis Global Partners LLC grew its position in Douglas Emmett by 31.6% in the third quarter. Metis Global Partners LLC now owns 17,240 shares of the real estate investment trust's stock worth $303,000 after buying an additional 4,142 shares during the last quarter. Natixis Advisors LLC grew its position in Douglas Emmett by 8.5% in the third quarter. Natixis Advisors LLC now owns 56,088 shares of the real estate investment trust's stock worth $985,000 after buying an additional 4,410 shares during the last quarter. Intech Investment Management LLC acquired a new position in Douglas Emmett in the third quarter worth approximately $650,000. Finally, Charles Schwab Investment Management Inc. grew its position in Douglas Emmett by 3.5% in the third 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 buying an additional 127,274 shares during the last quarter. Institutional investors own 97.37% of the company's stock.

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Douglas Emmett Stock Up 1.2 %

NYSE:DEI traded up $0.20 during trading hours on Thursday, hitting $16.27. 2,450,246 shares of the stock traded hands, compared to its average volume of 1,557,163. 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 current ratio of 4.32, a quick ratio of 4.09 and a debt-to-equity ratio of 1.50. The firm has a market cap of $2.72 billion, a price-to-earnings ratio of 125.13 and a beta of 1.13. The firm has a 50 day moving average price of $16.97 and a 200 day moving average price of $17.75.

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 earnings per share for the quarter, topping 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%. Equities research analysts anticipate that Douglas Emmett, Inc. will post 1.45 earnings per share for the current year.

Douglas Emmett Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders 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 dividend yield of 4.67%. The ex-dividend date of this dividend is Monday, March 31st. Douglas Emmett's dividend payout ratio (DPR) is presently 584.62%.

Analysts Set New Price Targets

Several research firms have issued reports on DEI. Janney Montgomery Scott restated a "neutral" rating on shares of Douglas Emmett in a research report on Wednesday, January 15th. Piper Sandler upgraded 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 report on Monday, January 13th. StockNews.com lowered shares of Douglas Emmett from a "hold" rating to a "sell" rating in a research report on Thursday, February 6th. Jefferies Financial Group began coverage on shares of Douglas Emmett in a research report on Monday. They issued a "hold" rating and a $16.00 price target on the stock. Finally, 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. One analyst has rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat, Douglas Emmett has a consensus rating of "Hold" and a consensus price target of $18.50.

Douglas Emmett Company 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.