GAMMA Investing LLC Grows Stock Position in Douglas Emmett, Inc. (NYSE:DEI)

GAMMA Investing LLC boosted its position in shares of Douglas Emmett, Inc. (NYSE:DEI) by 19.7% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,561 shares of the real estate investment trust’s stock after buying an additional 750 shares during the quarter. GAMMA Investing LLC’s holdings in Douglas Emmett were worth $85,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Victory Capital Management Inc. grew its holdings in Douglas Emmett by 4,395.5% during the 3rd quarter. Victory Capital Management Inc. now owns 1,578,205 shares of the real estate investment trust’s stock valued at $27,729,000 after purchasing an additional 1,543,099 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Douglas Emmett by 379.1% during the third 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 valued at $19,071,000 after buying an additional 858,857 shares during the last quarter. FMR LLC raised its holdings in shares of Douglas Emmett by 8.5% in the third quarter. FMR LLC now owns 4,883,814 shares of the real estate investment trust’s stock worth $85,809,000 after buying an additional 384,371 shares during the period. NFJ Investment Group LLC bought a new stake in shares of Douglas Emmett during the 3rd quarter worth approximately $6,210,000. Finally, Dimensional Fund Advisors LP boosted its holdings in Douglas Emmett by 8.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,495,263 shares of the real estate investment trust’s stock valued at $33,212,000 after acquiring an additional 186,385 shares during the period. Institutional investors own 97.37% of the company’s stock.

Douglas Emmett Price Performance

DEI opened at $16.19 on Friday. The firm has a market capitalization of $2.71 billion, a PE ratio of -161.90 and a beta of 1.11. The company has a debt-to-equity ratio of 1.51, a current ratio of 4.09 and a quick ratio of 4.09. The business’s 50-day moving average is $18.80 and its two-hundred day moving average is $17.01. Douglas Emmett, Inc. has a 1 year low of $12.35 and a 1 year high of $20.50.

Douglas Emmett (NYSE:DEI) last posted its quarterly earnings data on Monday, November 4th. The real estate investment trust reported $0.03 EPS for the quarter, missing the consensus estimate of $0.41 by ($0.38). The firm had revenue of $250.75 million for the quarter, compared to the consensus estimate of $242.75 million. Douglas Emmett had a negative return on equity of 0.43% and a negative net margin of 1.68%. The company’s revenue was down 1.8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.45 EPS. Research analysts anticipate that Douglas Emmett, Inc. will post 1.7 earnings per share for the current fiscal year.

Douglas Emmett Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be given a $0.19 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.76 dividend on an annualized basis and a dividend yield of 4.69%. Douglas Emmett’s payout ratio is -760.00%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on DEI shares. Scotiabank upgraded shares of Douglas Emmett from a “sector perform” rating to a “sector outperform” rating and upped their target price for the stock from $16.00 to $21.00 in a research note on Thursday, November 14th. Wedbush raised Douglas Emmett from a “neutral” rating to an “outperform” rating and lifted their target price for the company from $19.00 to $21.00 in a research report on Thursday, January 2nd. Evercore ISI upped their target price on Douglas Emmett from $16.00 to $19.00 and gave the stock an “in-line” rating in a report on Thursday, November 7th. Finally, Jefferies Financial Group raised their price target on Douglas Emmett from $17.00 to $18.00 and gave the company a “hold” rating in a research note on Thursday, January 2nd. Six equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $18.25.

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.