JPMorgan Chase & Co. Raises Position in Douglas Emmett, Inc. (NYSE:DEI)

JPMorgan Chase & Co. grew its position in shares of Douglas Emmett, Inc. (NYSE:DEI) by 130.6% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 2,684,597 shares of the real estate investment trust’s stock after acquiring an additional 1,520,348 shares during the period. JPMorgan Chase & Co. owned about 1.60% of Douglas Emmett worth $49,826,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in DEI. GAMMA Investing LLC boosted its position 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 purchasing an additional 750 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. boosted 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 buying an additional 860 shares in the last quarter. Xponance Inc. increased its stake in shares of Douglas Emmett by 8.6% in the 4th quarter. Xponance Inc. now owns 11,634 shares of the real estate investment trust’s stock worth $216,000 after acquiring an additional 920 shares in the last quarter. HighTower Advisors LLC lifted its position in Douglas Emmett by 6.9% during the 4th quarter. HighTower Advisors LLC now owns 14,257 shares of the real estate investment trust’s stock valued at $265,000 after acquiring an additional 922 shares during the period. Finally, Raleigh Capital Management Inc. lifted its position in 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 acquiring an additional 1,172 shares during the period. Hedge funds and other institutional investors own 97.37% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on DEI shares. StockNews.com downgraded shares of Douglas Emmett from a “hold” rating to a “sell” rating in a research note on Thursday, February 6th. Wedbush raised Douglas Emmett from a “neutral” rating to an “outperform” rating and raised their price objective for the company from $19.00 to $21.00 in a research 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. Jefferies Financial Group initiated coverage on Douglas Emmett in a report on Monday, March 17th. They set a “hold” rating and a $16.00 price target for the company. Finally, Janney Montgomery Scott reiterated a “neutral” rating on shares of Douglas Emmett in a research note on Wednesday, January 15th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Douglas Emmett has an average rating of “Hold” and an average target price of $18.50.

Douglas Emmett Price Performance

NYSE DEI opened at $14.25 on Friday. Douglas Emmett, Inc. has a one year low of $12.50 and a one year high of $20.50. The stock has a 50-day moving average of $16.69 and a 200 day moving average of $17.74. The company has a debt-to-equity ratio of 1.50, a quick ratio of 4.09 and a current ratio of 4.32. The company has a market capitalization of $2.39 billion, a price-to-earnings ratio of 109.60 and a beta of 1.13.

Douglas Emmett (NYSE:DEI) last announced its quarterly earnings results on Tuesday, February 4th. The real estate investment trust reported $0.38 EPS for the quarter, topping 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%. On average, sell-side analysts forecast that Douglas Emmett, Inc. will post 1.45 EPS for the current year.

Douglas Emmett Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be issued a dividend of $0.19 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.76 annualized dividend and a dividend yield of 5.33%. Douglas Emmett’s payout ratio is 584.62%.

Douglas Emmett 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.