Douglas Emmett, Inc. (NYSE:DEI) Shares Acquired by GAMMA Investing LLC

GAMMA Investing LLC increased its stake in Douglas Emmett, Inc. (NYSE:DEI) by 44.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,811 shares of the real estate investment trust’s stock after purchasing an additional 1,175 shares during the period. GAMMA Investing LLC’s holdings in Douglas Emmett were worth $67,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of DEI. Vanguard Group Inc. grew its stake in shares of Douglas Emmett by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 26,187,297 shares of the real estate investment trust’s stock worth $379,716,000 after purchasing an additional 229,301 shares during the last quarter. Manning & Napier Advisors LLC purchased a new position in Douglas Emmett during the 2nd quarter valued at about $3,825,000. GSA Capital Partners LLP increased its holdings in shares of Douglas Emmett by 356.7% in the 1st quarter. GSA Capital Partners LLP now owns 116,902 shares of the real estate investment trust’s stock valued at $1,621,000 after purchasing an additional 91,305 shares during the period. Centersquare Investment Management LLC lifted its position in shares of Douglas Emmett by 20.8% in the first quarter. Centersquare Investment Management LLC now owns 4,363,009 shares of the real estate investment trust’s stock worth $59,817,000 after purchasing an additional 751,419 shares in the last quarter. Finally, Swedbank AB purchased a new stake in shares of Douglas Emmett in the first quarter worth approximately $661,000. Institutional investors own 97.37% of the company’s stock.

Douglas Emmett Stock Up 1.8 %

Shares of Douglas Emmett stock opened at $18.36 on Wednesday. The stock has a market capitalization of $3.07 billion, a P/E ratio of -59.21 and a beta of 1.11. The company has a quick ratio of 5.11, a current ratio of 5.11 and a debt-to-equity ratio of 1.47. The stock has a 50 day moving average price of $16.39 and a two-hundred day moving average price of $14.75. Douglas Emmett, Inc. has a 12-month low of $10.76 and a 12-month high of $18.74.

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

Douglas Emmett Dividend Announcement

The firm also recently disclosed 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 4.14%. Douglas Emmett’s dividend payout ratio is -245.16%.

Analysts Set New Price Targets

A number of research firms have issued reports on DEI. JPMorgan Chase & Co. increased their target price on shares of Douglas Emmett from $15.00 to $18.00 and gave the stock a “neutral” rating in a research report on Monday, September 9th. Evercore ISI lifted their price objective 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 upped their target price on Douglas Emmett from $14.00 to $16.00 and gave the stock a “sector perform” rating in a research report on Monday, August 26th. Citigroup boosted their price target on Douglas Emmett from $14.00 to $16.00 and gave the company a “neutral” rating in a research note on Thursday, September 12th. Finally, Piper Sandler increased their price objective on Douglas Emmett from $15.00 to $16.00 and gave the stock a “neutral” rating in a report on Monday, August 12th. Seven analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, Douglas Emmett currently has a consensus rating of “Hold” and a consensus target price of $16.29.

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.