Lebenthal Global Advisors LLC Has $471,000 Stake in Douglas Emmett, Inc. (NYSE:DEI)

Lebenthal Global Advisors LLC lifted its position in shares of Douglas Emmett, Inc. (NYSE:DEI) by 6.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 25,354 shares of the real estate investment trust’s stock after buying an additional 1,479 shares during the period. Lebenthal Global Advisors LLC’s holdings in Douglas Emmett were worth $471,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of DEI. Venturi Wealth Management LLC acquired a new position in Douglas Emmett during the third quarter worth $48,000. Quarry LP boosted its stake in shares of Douglas Emmett by 155.0% during the 2nd quarter. Quarry LP now owns 4,121 shares of the real estate investment trust’s stock worth $55,000 after buying an additional 2,505 shares during the last quarter. Blue Trust Inc. grew its holdings in shares of Douglas Emmett by 1,081.5% in the 3rd quarter. Blue Trust Inc. now owns 3,710 shares of the real estate investment trust’s stock valued at $65,000 after acquiring an additional 3,396 shares in the last quarter. GAMMA Investing LLC increased its position 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 valued at $67,000 after acquiring an additional 1,175 shares during the last quarter. Finally, Raleigh Capital Management Inc. increased its position in shares of 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 valued at $68,000 after acquiring an additional 1,476 shares during the last quarter. 97.37% of the stock is owned by institutional investors and hedge funds.

Douglas Emmett Stock Performance

Shares of DEI stock opened at $17.88 on Tuesday. The company has a market capitalization of $2.99 billion, a price-to-earnings ratio of -178.75 and a beta of 1.11. The company has a debt-to-equity ratio of 1.51, a quick ratio of 4.09 and a current ratio of 4.09. Douglas Emmett, Inc. has a 52 week low of $12.35 and a 52 week high of $20.50. The company has a 50-day simple moving average of $18.54 and a 200 day simple moving average of $17.32.

Douglas Emmett (NYSE:DEI) last posted its earnings results 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 during the quarter, compared to analyst estimates of $242.75 million. Douglas Emmett had a negative net margin of 1.68% and a negative return on equity of 0.43%. Douglas Emmett’s revenue for the quarter was down 1.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.45 EPS. On average, sell-side analysts predict that Douglas Emmett, Inc. will post 1.7 earnings per share for the current year.

Douglas Emmett Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were paid a $0.19 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $0.76 annualized dividend and a dividend yield of 4.25%. Douglas Emmett’s dividend payout ratio (DPR) is presently -760.00%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on DEI shares. Scotiabank raised Douglas Emmett from a “sector perform” rating to a “sector outperform” rating and increased their price target for the company from $16.00 to $21.00 in a research report on Thursday, November 14th. 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 note on Monday, January 13th. Janney Montgomery Scott reaffirmed a “neutral” rating on shares of Douglas Emmett in a research report on Wednesday, January 15th. Wedbush upgraded shares of Douglas Emmett from a “neutral” rating to an “outperform” rating and increased their price target for the company from $19.00 to $21.00 in a research note on Thursday, January 2nd. Finally, Jefferies Financial Group boosted their price objective 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. Six investment analysts have rated the stock with 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 a consensus price target of $18.75.

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.