2 weeks Ago By ABMN Staff
Natixis Advisors LLC grew its position in Douglas Emmett, Inc. ( NYSE:DEI – Free Report ) by 7.6% during the 4th quarter, HoldingsChannel reports.
The firm owned 60,337 shares of the real estate investment trust’s stock after purchasing an additional 4,249 shares during the quarter. Natixis Advisors LLC’s holdings in Douglas Emmett were worth $1,120,000 at the end of the most recent quarter. A number of other hedge funds and other institutional investors also recently made changes to their positions in the company.
UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in 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 buying an additional 858,857 shares during the period.
Raymond James Financial Inc. acquired a new stake in shares of Douglas Emmett during the fourth quarter worth about $7,829,000. FMR LLC lifted its holdings in shares of 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 in the last quarter. NFJ Investment Group LLC acquired a new position in shares of Douglas Emmett in the 3rd quarter valued at approximately $6,210,000.
Finally, Advisors Preferred LLC acquired a new stake in Douglas Emmett during the 4th quarter worth approximately $4,028,000. 97.37% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth Several research firms have recently weighed in on DEI. Jefferies Financial Group assumed coverage on shares of Douglas Emmett in a report on Monday, March 17th. They issued a “hold” rating and a $16.
00 price target for the company. StockNews.com cut shares of 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 increased their target price for the stock 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 target on the stock in a report on Monday, January 13th. Finally, Janney Montgomery Scott reaffirmed a “neutral” rating on shares of Douglas Emmett in a research report on Wednesday, January 15th.
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. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $18.50.
Douglas Emmett Price Performance Shares of NYSE DEI opened at $16.58 on Wednesday. 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 business has a 50-day moving average of $16.94 and a 200-day moving average of $17.78.
The stock has a market capitalization of $2.78 billion, a price-to-earnings ratio of 127.55 and a beta of 1.
13. Douglas Emmett, Inc. has a fifty-two week low of $12.
50 and a fifty-two week 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 earnings per share for the quarter, topping the consensus estimate 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, sell-side analysts predict that Douglas Emmett, Inc. will post 1.
45 earnings per share for the current fiscal year. Douglas Emmett Dividend Announcement The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders 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 4.
58%. The ex-dividend date is Monday, March 31st. Douglas Emmett’s dividend payout ratio is currently 584.
62%. About Douglas Emmett ( 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.
See Also Want to see what other hedge funds are holding DEI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Douglas Emmett, Inc. ( NYSE:DEI – Free Report ).
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