Dana Investment Advisors Inc. Has $3.48 Million Stock Position in Douglas Emmett, Inc. (NYSE:DEI)

Dana Investment Advisors Inc. grew its stake in shares of Douglas Emmett, Inc. (NYSE:DEI) by 49.2% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 187,391 shares of the real estate investment trust’s stock after buying an additional 61,778 shares during the quarter. Dana Investment Advisors Inc. owned approximately 0.11% of Douglas Emmett worth $3,478,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Victory Capital Management Inc. grew its position 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 worth $27,729,000 after acquiring an additional 1,543,099 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted 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 purchasing an additional 858,857 shares in the last quarter. FMR LLC grew its holdings in shares of Douglas Emmett by 8.5% during the third quarter. FMR LLC now owns 4,883,814 shares of the real estate investment trust’s stock worth $85,809,000 after purchasing an additional 384,371 shares during the last quarter. NFJ Investment Group LLC acquired a new position in shares of Douglas Emmett in the third quarter valued at approximately $6,210,000. Finally, Advisors Preferred LLC bought a new position in Douglas Emmett in the 4th quarter valued at approximately $4,028,000. 97.37% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on DEI shares. Piper Sandler raised shares of Douglas Emmett from a “neutral” rating to an “overweight” rating and set a $20.00 target price on the stock in a report on Monday, January 13th. Janney Montgomery Scott reissued a “neutral” rating on shares of Douglas Emmett in a research note on Wednesday, January 15th. Scotiabank raised Douglas Emmett from a “sector perform” rating to a “sector outperform” rating and raised their target price for the stock from $16.00 to $21.00 in a research report on Thursday, November 14th. Evercore ISI upped their price target on Douglas Emmett from $16.00 to $19.00 and gave the company an “in-line” rating in a research report on Thursday, November 7th. Finally, StockNews.com downgraded Douglas Emmett from a “hold” rating to a “sell” rating in a research report on Thursday, February 6th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, Douglas Emmett has a consensus rating of “Hold” and an average target price of $18.75.

Douglas Emmett Stock Down 2.4 %

Shares of Douglas Emmett stock opened at $16.56 on Friday. The stock’s 50-day moving average is $17.36 and its 200 day moving average is $17.70. Douglas Emmett, Inc. has a one year low of $12.50 and a one year high of $20.50. The firm has a market cap of $2.77 billion, a price-to-earnings ratio of 127.36 and a beta of 1.11. The company has a debt-to-equity ratio of 1.50, a current ratio of 4.32 and a quick ratio of 4.09.

Douglas Emmett (NYSE:DEI) last posted its quarterly earnings results 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%. Equities research analysts anticipate that Douglas Emmett, Inc. will post 1.45 EPS 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 paid a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 4.59%. The ex-dividend date is Monday, March 31st. Douglas Emmett’s dividend payout ratio (DPR) is currently 584.62%.

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.