Sumitomo Mitsui DS Asset Management Company Ltd Grows Stock Position in Douglas Emmett, Inc. (NYSE:DEI)

Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in shares of Douglas Emmett, Inc. (NYSE:DEI) by 17.4% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 35,856 shares of the real estate investment trust’s stock after buying an additional 5,319 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Douglas Emmett were worth $665,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of DEI. Venturi Wealth Management LLC purchased a new position in shares of Douglas Emmett during the 3rd quarter worth about $48,000. Blue Trust Inc. grew its stake in shares of Douglas Emmett by 1,081.5% during the third quarter. Blue Trust Inc. now owns 3,710 shares of the real estate investment trust’s stock valued at $65,000 after buying an additional 3,396 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of Douglas Emmett by 44.6% in the third quarter. GAMMA Investing LLC now owns 3,811 shares of the real estate investment trust’s stock worth $67,000 after buying an additional 1,175 shares during the period. Raleigh Capital Management Inc. increased its stake in Douglas Emmett by 62.0% in the third quarter. Raleigh Capital Management Inc. now owns 3,856 shares of the real estate investment trust’s stock worth $68,000 after purchasing an additional 1,476 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Douglas Emmett by 34.8% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 6,497 shares of the real estate investment trust’s stock worth $114,000 after purchasing an additional 1,677 shares during the last quarter. Institutional investors own 97.37% of the company’s stock.

Douglas Emmett Stock Down 0.0 %

DEI stock opened at $17.21 on Wednesday. Douglas Emmett, Inc. has a 12 month low of $12.35 and a 12 month high of $20.50. The company has a market cap of $2.88 billion, a price-to-earnings ratio of 132.36 and a beta of 1.11. The company has a current ratio of 4.32, a quick ratio of 4.09 and a debt-to-equity ratio of 1.50. The firm has a 50-day moving average of $18.26 and a two-hundred day moving average of $17.55.

Douglas Emmett (NYSE:DEI) last announced its quarterly earnings results on Tuesday, February 4th. The real estate investment trust reported $0.38 EPS for the quarter, beating the consensus estimate 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, analysts forecast that Douglas Emmett, Inc. will post 1.44 earnings per share for the current fiscal year.

Douglas Emmett Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were given a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 4.42%. The ex-dividend date was Tuesday, December 31st. Douglas Emmett’s payout ratio is 584.66%.

Analysts Set New Price Targets

DEI has been the topic of a number of research analyst reports. StockNews.com cut shares of Douglas Emmett from a “hold” rating to a “sell” rating in a report on Thursday, February 6th. Evercore ISI boosted their price target on Douglas Emmett from $16.00 to $19.00 and gave the company an “in-line” rating in a report on Thursday, November 7th. Wedbush upgraded shares of Douglas Emmett from a “neutral” rating to an “outperform” rating and increased their price objective for the company from $19.00 to $21.00 in a research note on Thursday, January 2nd. Piper Sandler upgraded 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. Finally, Janney Montgomery Scott reiterated a “neutral” rating on shares of Douglas Emmett in a report on Wednesday, January 15th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Douglas Emmett has a consensus rating of “Hold” and an average price target of $18.75.

About Douglas Emmett

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.