Proficio Capital Partners LLC Invests $602,000 in Douglas Emmett, Inc. (NYSE:DEI)

Proficio Capital Partners LLC acquired a new position in Douglas Emmett, Inc. (NYSE:DEI) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 32,426 shares of the real estate investment trust’s stock, valued at approximately $602,000.

Several other institutional investors have also recently modified their holdings of DEI. Venturi Wealth Management LLC purchased a new position in shares of Douglas Emmett in the third quarter worth about $48,000. GAMMA Investing LLC raised its stake in shares of Douglas Emmett by 19.7% in the fourth quarter. GAMMA Investing LLC now owns 4,561 shares of the real estate investment trust’s stock worth $85,000 after purchasing an additional 750 shares during the last quarter. Raleigh Capital Management Inc. raised its stake in shares of Douglas Emmett by 30.4% in the fourth quarter. Raleigh Capital Management Inc. now owns 5,028 shares of the real estate investment trust’s stock worth $93,000 after purchasing an additional 1,172 shares during the last quarter. KBC Group NV raised its stake in shares of Douglas Emmett by 41.1% in the fourth quarter. KBC Group NV now owns 6,926 shares of the real estate investment trust’s stock worth $129,000 after purchasing an additional 2,018 shares during the last quarter. Finally, Paloma Partners Management Co purchased a new position in shares of Douglas Emmett in the third quarter worth about $176,000. 97.37% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

DEI has been the subject of several research analyst reports. Jefferies Financial Group raised their price objective on Douglas Emmett from $17.00 to $18.00 and gave the stock a “hold” rating in a research note on Thursday, January 2nd. Wedbush raised Douglas Emmett from a “neutral” rating to an “outperform” rating and raised their target price for the stock from $19.00 to $21.00 in a report on Thursday, January 2nd. Piper Sandler raised Douglas Emmett from a “neutral” rating to an “overweight” rating and set a $20.00 target price on the stock in a report on Monday, January 13th. Scotiabank raised Douglas Emmett from a “sector perform” rating to a “sector outperform” rating and raised their target price for the stock from $16.00 to $21.00 in a report on Thursday, November 14th. Finally, StockNews.com lowered Douglas Emmett from a “hold” rating to a “sell” rating in a report on Thursday, February 6th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company. According to data from MarketBeat, Douglas Emmett presently has a consensus rating of “Hold” and a consensus price target of $18.75.

Douglas Emmett Stock Up 4.8 %

Shares of DEI opened at $17.38 on Monday. The company has a current ratio of 4.32, a quick ratio of 4.09 and a debt-to-equity ratio of 1.50. Douglas Emmett, Inc. has a 12 month low of $12.50 and a 12 month high of $20.50. The stock’s 50 day moving average is $17.34 and its two-hundred day moving average is $17.76. The firm has a market cap of $2.91 billion, a P/E ratio of 133.70 and a beta of 1.13.

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

Douglas Emmett Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be issued a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 4.37%. The ex-dividend date is Monday, March 31st. Douglas Emmett’s payout ratio is currently 584.62%.

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.