Massachusetts Financial Services Co. MA Has $147.44 Million Stock Holdings in Douglas Emmett, Inc. (NYSE:DEI)

Massachusetts Financial Services Co. MA lifted its holdings in shares of Douglas Emmett, Inc. (NYSE:DEI) by 1.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 7,943,811 shares of the real estate investment trust’s stock after purchasing an additional 125,727 shares during the quarter. Massachusetts Financial Services Co. MA owned approximately 4.74% of Douglas Emmett worth $147,437,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Smartleaf Asset Management LLC increased its position in Douglas Emmett by 222.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 4,252 shares of the real estate investment trust’s stock worth $79,000 after buying an additional 2,933 shares during the last quarter. GAMMA Investing LLC boosted its stake in shares of Douglas Emmett by 19.7% during the 4th quarter. GAMMA Investing LLC now owns 4,561 shares of the real estate investment trust’s stock worth $85,000 after acquiring an additional 750 shares in the last quarter. Raleigh Capital Management Inc. increased its holdings in shares of Douglas Emmett by 30.4% during the 4th quarter. Raleigh Capital Management Inc. now owns 5,028 shares of the real estate investment trust’s stock valued at $93,000 after acquiring an additional 1,172 shares during the last quarter. KBC Group NV raised its stake in shares of 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 acquiring an additional 2,018 shares in the last quarter. Finally, Quantbot Technologies LP lifted its holdings in Douglas Emmett by 89.6% in the 4th quarter. Quantbot Technologies LP now owns 9,429 shares of the real estate investment trust’s stock worth $175,000 after purchasing an additional 4,455 shares during the last quarter. Institutional investors own 97.37% of the company’s stock.

Douglas Emmett Stock Down 2.4 %

NYSE DEI opened at $14.25 on Friday. Douglas Emmett, Inc. has a twelve month low of $12.50 and a twelve month high of $20.50. The stock has a market cap of $2.39 billion, a PE ratio of 109.60 and a beta of 1.13. The firm has a 50-day simple moving average of $16.69 and a 200 day simple moving average of $17.74. The company has a debt-to-equity ratio of 1.50, a quick ratio of 4.09 and a current ratio of 4.32.

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

Douglas Emmett Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 5.33%. The ex-dividend date is Monday, March 31st. Douglas Emmett’s dividend payout ratio is 584.62%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on DEI shares. Wedbush raised shares of Douglas Emmett from a “neutral” rating to an “outperform” rating and lifted their price target for the company from $19.00 to $21.00 in a research report 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 on the stock in a report on Monday, January 13th. Jefferies Financial Group initiated coverage on shares of Douglas Emmett in a report on Monday, March 17th. They set a “hold” rating and a $16.00 price target for the company. Janney Montgomery Scott reaffirmed a “neutral” rating on shares of Douglas Emmett in a research report on Wednesday, January 15th. Finally, StockNews.com cut Douglas Emmett from a “hold” rating to a “sell” rating in a research report on Thursday, February 6th. One 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, the company has a consensus rating of “Hold” and an average target price of $18.50.

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.