2 weeks Ago By Defense World Staff
Cerity Partners LLC lowered its stake in shares of Douglas Emmett, Inc. (NYSE:DEI – Free Report) by 40.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission.
The institutional investor owned 13,899 shares of the real estate investment trust’s stock after selling 9,386 shares during the quarter. Cerity Partners LLC’s holdings in Douglas Emmett were worth $244,000 at the end of the most recent quarter. A number of other institutional investors and hedge funds have also bought and sold shares of DEI.
Smartleaf Asset Management LLC raised its holdings in shares of Douglas Emmett by 222.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 4,252 shares of the real estate investment trust’s stock valued at $79,000 after purchasing an additional 2,933 shares during the last quarter.
GAMMA Investing LLC increased its stake in 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 valued at $85,000 after buying an additional 750 shares during the last quarter.
Raleigh Capital Management Inc. lifted its position 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 in the last quarter. KBC Group NV boosted its stake in shares of Douglas Emmett by 41.
1% in the 4th quarter. KBC Group NV now owns 6,926 shares of the real estate investment trust’s stock worth $129,000 after buying an additional 2,018 shares during the last quarter. Finally, Quantbot Technologies LP increased its position in shares of Douglas Emmett by 89.
6% during the fourth quarter. Quantbot Technologies LP now owns 9,429 shares of the real estate investment trust’s stock valued at $175,000 after acquiring an additional 4,455 shares during the last quarter. 97.
37% of the stock is owned by hedge funds and other institutional investors. Douglas Emmett Trading Up 1.9 %NYSE:DEI opened at $14.
15 on Friday. Douglas Emmett, Inc. has a 1 year low of $12.
39 and a 1 year high of $20.50. The stock’s fifty day moving average price is $15.
46 and its two-hundred day moving average price is $17.33. The company has a debt-to-equity ratio of 1.
50, a current ratio of 4.32 and a quick ratio of 4.09.
The company has a market cap of $2.37 billion, a P/E ratio of 108.85 and a beta of 1.
09. 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, topping 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%.
As a group, analysts expect that Douglas Emmett, Inc. will post 1.45 EPS for the current year.
Douglas Emmett Announces DividendThe company also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Investors 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 yield of 5.37%.
The ex-dividend date of this dividend was Monday, March 31st. Douglas Emmett’s dividend payout ratio (DPR) is presently 584.62%.
Analyst Upgrades and DowngradesSeveral research analysts have weighed in on DEI shares. Janney Montgomery Scott reissued a “neutral” rating on shares of Douglas Emmett in a research report on Wednesday, January 15th. Jefferies Financial Group initiated coverage on shares of Douglas Emmett in a research report on Monday, March 17th.
They set a “hold” rating and a $16.00 price target for the company. Wedbush raised shares of Douglas Emmett from a “neutral” rating to an “outperform” rating and lifted their price objective for the stock from $19.
00 to $21.00 in a research 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 for the company in a research report on Monday, January 13th. Finally, StockNews.com cut shares of Douglas Emmett from a “hold” rating to a “sell” rating in a report on Thursday, February 6th.
One research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $18.
50.View Our Latest Stock Report on DEIDouglas Emmett Profile (Free Report)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.
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