Empowered Funds LLC Takes Position in Douglas Emmett, Inc. (NYSE:DEI)

Empowered Funds LLC purchased a new stake in shares of Douglas Emmett, Inc. (NYSE:DEI) during the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 22,222 shares of the real estate investment trust’s stock, valued at approximately $412,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. GAMMA Investing LLC grew its holdings in shares of Douglas Emmett by 19.7% during the 4th quarter. GAMMA Investing LLC now owns 4,561 shares of the real estate investment trust’s stock valued at $85,000 after purchasing an additional 750 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. grew its holdings in shares of Douglas Emmett by 0.5% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 182,461 shares of the real estate investment trust’s stock valued at $3,386,000 after purchasing an additional 860 shares during the last quarter. HighTower Advisors LLC grew its holdings in shares of Douglas Emmett by 9.6% during the 3rd quarter. HighTower Advisors LLC now owns 13,335 shares of the real estate investment trust’s stock valued at $234,000 after purchasing an additional 1,171 shares during the last quarter. Raleigh Capital Management Inc. grew its holdings 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 valued at $93,000 after purchasing an additional 1,172 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. grew its holdings in shares of Douglas Emmett by 0.6% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 211,400 shares of the real estate investment trust’s stock valued at $3,714,000 after purchasing an additional 1,300 shares during the last quarter. 97.37% of the stock is owned by institutional investors.

Douglas Emmett Trading Down 1.4 %

NYSE:DEI opened at $16.59 on Thursday. The firm’s fifty day moving average is $17.91 and its 200-day moving average is $17.60. The company has a debt-to-equity ratio of 1.50, a quick ratio of 4.09 and a current ratio of 4.32. Douglas Emmett, Inc. has a 52 week low of $12.50 and a 52 week high of $20.50. The firm has a market cap of $2.78 billion, a P/E ratio of 127.62 and a beta of 1.11.

Douglas Emmett (NYSE:DEI) last posted its quarterly earnings data on Tuesday, February 4th. The real estate investment trust reported $0.38 EPS for the quarter, beating 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 analysts expect that Douglas Emmett, Inc. will post 1.45 earnings per share for the current year.

Douglas Emmett Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 4.58%. The ex-dividend date was Tuesday, December 31st. Douglas Emmett’s dividend payout ratio is currently 584.62%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Piper Sandler raised shares of 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. Evercore ISI boosted their target price on shares of Douglas Emmett from $16.00 to $19.00 and gave the stock an “in-line” rating in a report on Thursday, November 7th. Scotiabank raised shares of Douglas Emmett from a “sector perform” rating to a “sector outperform” rating and boosted their target price for the stock from $16.00 to $21.00 in a report on Thursday, November 14th. Jefferies Financial Group boosted their target price on shares of Douglas Emmett from $17.00 to $18.00 and gave the stock a “hold” rating in a report on Thursday, January 2nd. Finally, Wedbush raised shares of Douglas Emmett from a “neutral” rating to an “outperform” rating and boosted their target price for the stock from $19.00 to $21.00 in a report on Thursday, January 2nd. One equities research 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.com, the stock has an average rating of “Hold” and a consensus price target of $18.75.

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.