SG Americas Securities LLC Raises Stake in Douglas Emmett, Inc. (NYSE:DEI)

SG Americas Securities LLC lifted its stake in Douglas Emmett, Inc. (NYSE:DEI) by 105.3% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 322,585 shares of the real estate investment trust’s stock after buying an additional 165,429 shares during the quarter. SG Americas Securities LLC owned approximately 0.19% of Douglas Emmett worth $5,668,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Wolverine Asset Management LLC bought a new position in Douglas Emmett during the second quarter valued at $32,000. Quarry LP lifted its stake in Douglas Emmett by 155.0% in the second quarter. Quarry LP now owns 4,121 shares of the real estate investment trust’s stock worth $55,000 after acquiring an additional 2,505 shares during the period. Aspire Private Capital LLC lifted its stake in Douglas Emmett by 20.0% in the second quarter. Aspire Private Capital LLC now owns 9,537 shares of the real estate investment trust’s stock worth $127,000 after acquiring an additional 1,592 shares during the period. Xponance Inc. purchased a new stake in shares of Douglas Emmett during the second quarter valued at about $137,000. Finally, Choreo LLC purchased a new stake in shares of Douglas Emmett during the second quarter valued at about $147,000. Hedge funds and other institutional investors own 97.37% of the company’s stock.

Douglas Emmett Trading Up 2.6 %

Shares of NYSE:DEI opened at $17.94 on Friday. The business’s 50 day moving average price is $16.08 and its 200-day moving average price is $14.55. The company has a debt-to-equity ratio of 1.47, a current ratio of 5.11 and a quick ratio of 5.11. The firm has a market capitalization of $3.00 billion, a price-to-earnings ratio of -57.87 and a beta of 1.11. Douglas Emmett, Inc. has a 1 year low of $10.76 and a 1 year high of $17.94.

Douglas Emmett (NYSE:DEI) last announced its quarterly earnings data on Thursday, August 8th. The real estate investment trust reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.37). The firm had revenue of $245.80 million during the quarter, compared to analysts’ expectations of $246.62 million. Douglas Emmett had a negative net margin of 3.55% and a negative return on equity of 0.88%. The company’s revenue for the quarter was down 3.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.48 EPS. On average, equities research analysts forecast that Douglas Emmett, Inc. will post 1.67 earnings per share for the current fiscal year.

Douglas Emmett Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 16th. Shareholders of record on Monday, September 30th will be issued a $0.19 dividend. The ex-dividend date of this dividend is Monday, September 30th. This represents a $0.76 dividend on an annualized basis and a yield of 4.24%. Douglas Emmett’s payout ratio is currently -245.16%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on DEI shares. Citigroup increased their price objective on shares of Douglas Emmett from $14.00 to $16.00 and gave the company a “neutral” rating in a research report on Thursday, September 12th. Wells Fargo & Company raised their price objective on shares of Douglas Emmett from $15.00 to $17.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 11th. Piper Sandler raised their price objective on shares of Douglas Emmett from $15.00 to $16.00 and gave the stock a “neutral” rating in a research note on Monday, August 12th. Evercore ISI raised their price objective on shares of Douglas Emmett from $15.00 to $16.00 and gave the stock an “in-line” rating in a research note on Wednesday, August 28th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Douglas Emmett from $15.00 to $18.00 and gave the stock a “neutral” rating in a research note on Monday, September 9th. Seven analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $16.29.

About Douglas Emmett

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.