Algert Global LLC Buys Shares of 199,842 Douglas Emmett, Inc. (NYSE:DEI)

Algert Global LLC bought a new stake in Douglas Emmett, Inc. (NYSE:DEI - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm bought 199,842 shares of the real estate investment trust's stock, valued at approximately $3,709,000. Algert Global LLC owned 0.12% of Douglas Emmett as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. AXA S.A. boosted its stake in shares of Douglas Emmett by 2.9% during the fourth quarter. AXA S.A. now owns 669,099 shares of the real estate investment trust's stock valued at $12,418,000 after purchasing an additional 18,873 shares in the last quarter. Mercer Global Advisors Inc. ADV acquired a new stake in Douglas Emmett in the 4th quarter valued at $644,000. Northern Trust Corp lifted its holdings in shares of Douglas Emmett by 29.3% in the fourth quarter. Northern Trust Corp now owns 2,268,759 shares of the real estate investment trust's stock valued at $42,108,000 after purchasing an additional 514,034 shares in the last quarter. Landmark Investment Partners L.P. bought a new position in shares of Douglas Emmett during the fourth quarter valued at about $3,543,000. Finally, Dark Forest Capital Management LP grew its holdings in shares of Douglas Emmett by 354.6% in the fourth quarter. Dark Forest Capital Management LP now owns 62,917 shares of the real estate investment trust's stock valued at $1,168,000 after acquiring an additional 49,076 shares in the last quarter. Institutional investors and hedge funds own 97.37% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on DEI. Piper Sandler raised Douglas Emmett from a "neutral" rating to an "overweight" rating and set a $20.00 price target for the company in a report on Monday, January 13th. Janney Montgomery Scott reissued a "neutral" rating on shares of Douglas Emmett in a report on Wednesday, January 15th. StockNews.com cut shares of Douglas Emmett from a "hold" rating to a "sell" rating in a research note on Thursday, February 6th. Finally, 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 target price on the stock. 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 stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $18.50.

Douglas Emmett Stock Performance

NYSE:DEI traded up $0.53 during trading hours on Monday, hitting $15.04. 319,536 shares of the company were exchanged, compared to its average volume of 2,089,318. The company's 50 day moving average price is $14.93 and its 200-day moving average price is $17.01. Douglas Emmett, Inc. has a 52-week low of $12.39 and a 52-week high of $20.50. The company has a debt-to-equity ratio of 1.50, a current ratio of 4.32 and a quick ratio of 4.09. The stock has a market capitalization of $2.52 billion, a price-to-earnings ratio of 115.66 and a beta of 1.21.

Douglas Emmett (NYSE:DEI - Get Free Report) last issued its earnings results on Tuesday, May 6th. The real estate investment trust reported $0.40 EPS for the quarter, topping analysts' consensus estimates of $0.39 by $0.01. Douglas Emmett had a return on equity of 0.63% and a net margin of 2.38%. The firm had revenue of $251.54 million for the quarter, compared to the consensus estimate of $246.49 million. During the same quarter in the prior year, the business earned $0.45 earnings per share. The company's revenue was up 2.9% compared to the same quarter last year. As a group, research analysts forecast that Douglas Emmett, Inc. will post 1.45 earnings per share for the current year.

Douglas Emmett Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were given a dividend of $0.19 per share. The ex-dividend date was Monday, March 31st. This represents a $0.76 annualized dividend and a dividend yield of 5.05%. Douglas Emmett's dividend payout ratio (DPR) is presently 237.50%.

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.