421,816 Shares in Douglas Emmett, Inc. (NYSE:DEI) Acquired by Raymond James Financial Inc.

Raymond James Financial Inc. bought a new position in shares of Douglas Emmett, Inc. (NYSE:DEI) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 421,816 shares of the real estate investment trust’s stock, valued at approximately $7,829,000. Raymond James Financial Inc. owned approximately 0.25% of Douglas Emmett as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position 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 acquiring an additional 858,857 shares during the last quarter. FMR LLC boosted its position in 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 worth $85,809,000 after acquiring an additional 384,371 shares during the last quarter. NFJ Investment Group LLC acquired a new position in Douglas Emmett during the 3rd quarter worth approximately $6,210,000. Advisors Preferred LLC acquired a new position in Douglas Emmett during the 4th quarter worth approximately $4,028,000. Finally, Charles Schwab Investment Management Inc. boosted its position in Douglas Emmett by 3.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,797,822 shares of the real estate investment trust’s stock worth $66,728,000 after acquiring an additional 127,274 shares during the last quarter. 97.37% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

DEI has been the subject of a number of recent research reports. Jefferies Financial Group initiated coverage on Douglas Emmett in a research report on Monday, March 17th. They set a “hold” rating and a $16.00 price target for the company. Piper Sandler raised Douglas Emmett from a “neutral” rating to an “overweight” rating and set a $20.00 price target for the company in a research report on Monday, January 13th. Wedbush raised Douglas Emmett from a “neutral” rating to an “outperform” rating and upped their price target for the stock from $19.00 to $21.00 in a research report on Thursday, January 2nd. StockNews.com downgraded Douglas Emmett from a “hold” rating to a “sell” rating in a report on Thursday, February 6th. Finally, Janney Montgomery Scott reissued a “neutral” rating on shares of Douglas Emmett in a report on Wednesday, January 15th. 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 company’s stock. According to MarketBeat.com, Douglas Emmett presently has an average rating of “Hold” and an average target price of $18.50.

Douglas Emmett Trading Down 1.7 %

NYSE DEI opened at $15.97 on Friday. The company has a market cap of $2.67 billion, a PE ratio of 122.82 and a beta of 1.13. 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 has a 50 day moving average of $16.96 and a 200-day moving average of $17.76.

Douglas Emmett (NYSE:DEI) last announced its quarterly earnings results 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 return on equity of 0.63% and a net margin of 2.38%. On average, equities research analysts anticipate that Douglas Emmett, Inc. will post 1.45 EPS for the current fiscal year.

Douglas Emmett Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 4.76%. The ex-dividend date is Monday, March 31st. Douglas Emmett’s dividend payout ratio is 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.