Yousif Capital Management LLC Has $1.18 Million Holdings in Douglas Emmett, Inc. (NYSE:DEI)

Yousif Capital Management LLC decreased its holdings in Douglas Emmett, Inc. (NYSE:DEI) by 2.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 63,427 shares of the real estate investment trust’s stock after selling 1,286 shares during the period. Yousif Capital Management LLC’s holdings in Douglas Emmett were worth $1,177,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in DEI. Geode Capital Management LLC grew its position in Douglas Emmett by 0.7% during the third quarter. Geode Capital Management LLC now owns 4,171,839 shares of the real estate investment trust’s stock valued at $73,312,000 after purchasing an additional 26,961 shares in the last quarter. KBC Group NV grew its holdings in shares of Douglas Emmett by 41.1% during the 4th quarter. KBC Group NV now owns 6,926 shares of the real estate investment trust’s stock valued at $129,000 after acquiring an additional 2,018 shares in the last quarter. Intech Investment Management LLC purchased a new position in shares of Douglas Emmett during the 3rd quarter valued at $650,000. Charles Schwab Investment Management Inc. increased its stake in shares of Douglas Emmett by 3.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 3,797,822 shares of the real estate investment trust’s stock worth $66,728,000 after acquiring an additional 127,274 shares during the last quarter. Finally, Citigroup Inc. raised its holdings in shares of Douglas Emmett by 43.0% during the third quarter. Citigroup Inc. now owns 227,814 shares of the real estate investment trust’s stock worth $4,003,000 after acquiring an additional 68,507 shares in the last quarter. 97.37% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on DEI shares. Evercore ISI raised their price objective on shares of Douglas Emmett from $16.00 to $19.00 and gave the company an “in-line” rating in a research report on Thursday, November 7th. StockNews.com downgraded shares of Douglas Emmett from a “hold” rating to a “sell” rating in a report on Thursday, February 6th. Scotiabank upgraded shares of Douglas Emmett from a “sector perform” rating to a “sector outperform” rating and upped their price objective for the stock from $16.00 to $21.00 in a report on Thursday, November 14th. Jefferies Financial Group upped their target price on Douglas Emmett from $17.00 to $18.00 and gave the stock a “hold” rating in a research report on Thursday, January 2nd. Finally, Piper Sandler raised shares of Douglas Emmett from a “neutral” rating to an “overweight” rating and set a $20.00 target price for the company in a research report on Monday, January 13th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, Douglas Emmett currently has an average rating of “Hold” and an average target price of $18.75.

Douglas Emmett Trading Up 0.9 %

Douglas Emmett stock opened at $17.10 on Friday. The business has a 50 day moving average price of $18.17 and a two-hundred day moving average price of $17.55. The company has a quick ratio of 4.09, a current ratio of 4.32 and a debt-to-equity ratio of 1.50. Douglas Emmett, Inc. has a 12 month low of $12.50 and a 12 month high of $20.50. The stock has a market cap of $2.86 billion, a price-to-earnings ratio of 131.51 and a beta of 1.11.

Douglas Emmett (NYSE:DEI) last announced its quarterly earnings results on Tuesday, February 4th. The real estate investment trust reported $0.38 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.44. Douglas Emmett had a return on equity of 0.63% and a net margin of 2.38%. As a group, equities analysts forecast that Douglas Emmett, Inc. will post 1.44 EPS for the current year.

Douglas Emmett Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were given a dividend of $0.19 per share. The ex-dividend date was Tuesday, December 31st. This represents a $0.76 dividend on an annualized basis and a yield of 4.45%. Douglas Emmett’s dividend payout ratio (DPR) is presently 584.66%.

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.