Douglas Emmett, Inc. (NYSE:DEI) Shares Purchased by KBC Group NV

KBC Group NV increased its holdings in shares of Douglas Emmett, Inc. (NYSE:DEI) by 41.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,926 shares of the real estate investment trust’s stock after buying an additional 2,018 shares during the period. KBC Group NV’s holdings in Douglas Emmett were worth $129,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. AQR Capital Management LLC grew its holdings in Douglas Emmett by 3.9% during the 2nd quarter. AQR Capital Management LLC now owns 36,432 shares of the real estate investment trust’s stock worth $479,000 after acquiring an additional 1,377 shares in the last quarter. The Manufacturers Life Insurance Company lifted its holdings in shares of Douglas Emmett by 3.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 91,554 shares of the real estate investment trust’s stock valued at $1,219,000 after purchasing an additional 3,183 shares during the last quarter. GAMMA Investing LLC boosted its position in shares of Douglas Emmett by 44.6% in the 3rd quarter. GAMMA Investing LLC now owns 3,811 shares of the real estate investment trust’s stock valued at $67,000 after purchasing an additional 1,175 shares during the period. Swedbank AB grew its stake in Douglas Emmett by 23.0% during the 3rd quarter. Swedbank AB now owns 45,255 shares of the real estate investment trust’s stock worth $795,000 after buying an additional 8,468 shares during the last quarter. Finally, Blue Trust Inc. increased its position in Douglas Emmett by 1,081.5% during the third quarter. Blue Trust Inc. now owns 3,710 shares of the real estate investment trust’s stock worth $65,000 after buying an additional 3,396 shares during the period. 97.37% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Scotiabank raised Douglas Emmett from a “sector perform” rating to a “sector outperform” rating and increased their price objective for the company from $16.00 to $21.00 in a report on Thursday, November 14th. Piper Sandler raised shares of Douglas Emmett from a “neutral” rating to an “overweight” rating and set a $20.00 price target for the company in a report on Monday, January 13th. StockNews.com lowered Douglas Emmett from a “hold” rating to a “sell” rating in a report on Thursday. Jefferies Financial Group raised their price objective on shares of Douglas Emmett from $17.00 to $18.00 and gave the company a “hold” rating in a research note on Thursday, January 2nd. Finally, Evercore ISI upped their target price on shares of Douglas Emmett from $16.00 to $19.00 and gave the stock an “in-line” rating in a research report on Thursday, November 7th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, Douglas Emmett has a consensus rating of “Hold” and a consensus price target of $18.75.

Douglas Emmett Price Performance

DEI stock opened at $17.63 on Friday. The company has a debt-to-equity ratio of 1.51, a quick ratio of 4.09 and a current ratio of 4.09. The stock’s 50 day moving average price is $18.33 and its 200 day moving average price is $17.48. The firm has a market cap of $2.95 billion, a P/E ratio of -176.30 and a beta of 1.11. Douglas Emmett, Inc. has a 1 year low of $12.35 and a 1 year high of $20.50.

Douglas Emmett (NYSE:DEI) last announced its quarterly earnings data on Tuesday, February 4th. The real estate investment trust reported $0.38 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.06) by $0.44. Douglas Emmett had a negative net margin of 1.68% and a negative return on equity of 0.43%. On average, sell-side analysts expect that Douglas Emmett, Inc. will post 1.7 earnings per share for the current fiscal year.

Douglas Emmett Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were issued a dividend of $0.19 per share. The ex-dividend date was Tuesday, December 31st. This represents a $0.76 annualized dividend and a dividend yield of 4.31%. Douglas Emmett’s payout ratio is currently -760.00%.

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.