Choreo LLC Makes New $147,000 Investment in Douglas Emmett, Inc. (NYSE:DEI)

Choreo LLC acquired a new stake in shares of Douglas Emmett, Inc. (NYSE:DEI) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 11,112 shares of the real estate investment trust’s stock, valued at approximately $147,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Wolverine Asset Management LLC acquired a new position in Douglas Emmett during the 2nd quarter valued at approximately $32,000. Quarry LP purchased a new position in Douglas Emmett in the 4th quarter worth $57,000. Aspire Private Capital LLC lifted its position in Douglas Emmett by 20.0% during the 2nd quarter. Aspire Private Capital LLC now owns 9,537 shares of the real estate investment trust’s stock worth $127,000 after acquiring an additional 1,592 shares during the period. Edgestream Partners L.P. purchased a new stake in Douglas Emmett during the 1st quarter valued at about $237,000. Finally, Van ECK Associates Corp increased its holdings in shares of Douglas Emmett by 6.2% in the second quarter. Van ECK Associates Corp now owns 28,119 shares of the real estate investment trust’s stock valued at $374,000 after purchasing an additional 1,650 shares during the period. 97.37% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently commented on DEI shares. Evercore ISI upped their target price on Douglas Emmett from $15.00 to $16.00 and gave the company an “in-line” rating in a research report on Wednesday, August 28th. Scotiabank lifted their price objective on Douglas Emmett from $14.00 to $16.00 and gave the company a “sector perform” rating in a research note on Monday, August 26th. JPMorgan Chase & Co. upped their target price on Douglas Emmett from $15.00 to $18.00 and gave the stock a “neutral” rating in a research note on Monday, September 9th. Citigroup lifted their price target on Douglas Emmett from $14.00 to $16.00 and gave the company a “neutral” rating in a research report on Thursday, September 12th. Finally, Piper Sandler boosted their price target on Douglas Emmett from $15.00 to $16.00 and gave the company a “neutral” rating in a report on Monday, August 12th. Eight research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat, Douglas Emmett presently has a consensus rating of “Hold” and an average price target of $15.88.

Douglas Emmett Price Performance

Douglas Emmett stock opened at $17.23 on Friday. The stock has a market capitalization of $2.88 billion, a P/E ratio of -55.58 and a beta of 1.10. The company’s fifty day moving average price is $15.58 and its 200 day moving average price is $14.26. The company has a debt-to-equity ratio of 1.47, a quick ratio of 5.11 and a current ratio of 5.11. Douglas Emmett, Inc. has a 1 year low of $10.76 and a 1 year high of $17.54.

Douglas Emmett (NYSE:DEI) last released its earnings results on Thursday, August 8th. The real estate investment trust reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.37). The company had revenue of $245.80 million for the quarter, compared to analysts’ expectations of $246.62 million. Douglas Emmett had a negative return on equity of 0.88% and a negative net margin of 3.55%. The firm’s revenue for the quarter was down 3.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.48 EPS. As a group, equities research analysts anticipate that Douglas Emmett, Inc. will post 1.67 earnings per share for the current fiscal year.

Douglas Emmett Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 16th. Stockholders of record on Monday, September 30th will be given a $0.19 dividend. The ex-dividend date is Monday, September 30th. This represents a $0.76 annualized dividend and a dividend yield of 4.41%. Douglas Emmett’s dividend payout ratio (DPR) is presently -245.16%.

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.