Smartleaf Asset Management LLC Grows Stake in Douglas Emmett, Inc. (NYSE:DEI)

Smartleaf Asset Management LLC increased its stake in shares of Douglas Emmett, Inc. (NYSE:DEI) by 222.4% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 4,252 shares of the real estate investment trust’s stock after purchasing an additional 2,933 shares during the period. Smartleaf Asset Management LLC’s holdings in Douglas Emmett were worth $79,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Venturi Wealth Management LLC acquired a new position in shares of Douglas Emmett during the third quarter valued at approximately $48,000. GAMMA Investing LLC increased 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 worth $85,000 after purchasing an additional 750 shares in the last quarter. Raleigh Capital Management Inc. increased its position in shares of Douglas Emmett by 30.4% during the fourth quarter. Raleigh Capital Management Inc. now owns 5,028 shares of the real estate investment trust’s stock worth $93,000 after purchasing an additional 1,172 shares in the last quarter. KBC Group NV raised its stake in Douglas Emmett by 41.1% in the 4th quarter. KBC Group NV now owns 6,926 shares of the real estate investment trust’s stock valued at $129,000 after purchasing an additional 2,018 shares during the last quarter. Finally, Paloma Partners Management Co purchased a new position in Douglas Emmett in the 3rd quarter valued at $176,000. 97.37% of the stock is owned by hedge funds and other institutional investors.

Douglas Emmett Price Performance

DEI stock opened at $17.38 on Monday. Douglas Emmett, Inc. has a 52-week low of $12.50 and a 52-week high of $20.50. The company has a quick ratio of 4.09, a current ratio of 4.32 and a debt-to-equity ratio of 1.50. The stock has a market cap of $2.91 billion, a price-to-earnings ratio of 133.70 and a beta of 1.13. The business has a fifty day moving average of $17.34 and a two-hundred day moving average of $17.76.

Douglas Emmett (NYSE:DEI) last issued its quarterly earnings data on Tuesday, February 4th. The real estate investment trust reported $0.38 earnings per share (EPS) for the quarter, topping 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, research analysts anticipate that Douglas Emmett, Inc. will post 1.45 earnings per share for the current year.

Douglas Emmett Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 4.37%. The ex-dividend date of this dividend is Monday, March 31st. Douglas Emmett’s dividend payout ratio is presently 584.62%.

Wall Street Analyst Weigh In

DEI has been the subject of a number of research reports. 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 report on Monday, January 13th. StockNews.com cut shares of Douglas Emmett from a “hold” rating to a “sell” rating in a research note on Thursday, February 6th. Jefferies Financial Group raised their target price on shares of Douglas Emmett from $17.00 to $18.00 and gave the stock a “hold” rating in a research note on Thursday, January 2nd. Wedbush upgraded Douglas Emmett from a “neutral” rating to an “outperform” rating and boosted their target price for the stock from $19.00 to $21.00 in a report on Thursday, January 2nd. Finally, Janney Montgomery Scott reaffirmed a “neutral” rating on shares of Douglas Emmett in a report on Wednesday, January 15th. 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. Based on data from MarketBeat.com, Douglas Emmett presently has an average rating of “Hold” and an average price target of $18.75.

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.