HighTower Advisors LLC Purchases 922 Shares of Douglas Emmett, Inc. (NYSE:DEI)

HighTower Advisors LLC boosted its holdings in shares of Douglas Emmett, Inc. (NYSE:DEI) by 6.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 14,257 shares of the real estate investment trust’s stock after acquiring an additional 922 shares during the quarter. HighTower Advisors LLC’s holdings in Douglas Emmett were worth $265,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Smartleaf Asset Management LLC grew its position in shares of Douglas Emmett by 222.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 4,252 shares of the real estate investment trust’s stock valued at $79,000 after purchasing an additional 2,933 shares during the last quarter. GAMMA Investing LLC lifted its holdings in shares of Douglas Emmett by 19.7% during the fourth quarter. GAMMA Investing LLC now owns 4,561 shares of the real estate investment trust’s stock valued at $85,000 after acquiring an additional 750 shares during the period. Raleigh Capital Management Inc. grew its stake in Douglas Emmett by 30.4% during the fourth quarter. Raleigh Capital Management Inc. now owns 5,028 shares of the real estate investment trust’s stock worth $93,000 after buying an additional 1,172 shares during the last quarter. KBC Group NV raised its position in Douglas Emmett by 41.1% in the 4th quarter. KBC Group NV now owns 6,926 shares of the real estate investment trust’s stock valued at $129,000 after purchasing an additional 2,018 shares during the last quarter. Finally, Paloma Partners Management Co bought a new stake in Douglas Emmett during the 3rd quarter worth about $176,000. Institutional investors own 97.37% of the company’s stock.

Analyst Upgrades and Downgrades

DEI has been the subject of a number of recent research reports. StockNews.com downgraded Douglas Emmett from a “hold” rating to a “sell” rating in a research report on Thursday, February 6th. Janney Montgomery Scott reaffirmed a “neutral” rating on shares of Douglas Emmett in a research note on Wednesday, January 15th. Jefferies Financial Group began coverage on Douglas Emmett in a research note on Monday, March 17th. They issued a “hold” rating and a $16.00 target price on the stock. 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 research report on Monday, January 13th. Finally, Wedbush raised shares of Douglas Emmett from a “neutral” rating to an “outperform” rating and lifted their price objective for the company from $19.00 to $21.00 in a research report on Thursday, January 2nd. One investment 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. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $18.50.

Douglas Emmett Stock Performance

Shares of DEI opened at $16.31 on Thursday. Douglas Emmett, Inc. has a 1 year low of $12.50 and a 1 year high of $20.50. The company has a debt-to-equity ratio of 1.50, a current ratio of 4.32 and a quick ratio of 4.09. The stock’s fifty day moving average price is $16.80 and its two-hundred day moving average price is $17.78. The firm has a market cap of $2.73 billion, a PE ratio of 125.47 and a beta of 1.13.

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

Douglas Emmett Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 4.66%. The ex-dividend date of this dividend is Monday, March 31st. Douglas Emmett’s dividend 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.