Axa S.A. Purchases 18,873 Shares of Douglas Emmett, Inc. (NYSE:DEI)

Axa S.A. raised its position in shares of Douglas Emmett, Inc. (NYSE:DEI - Free Report) by 2.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 669,099 shares of the real estate investment trust's stock after purchasing an additional 18,873 shares during the period. Axa S.A. owned approximately 0.40% of Douglas Emmett worth $12,418,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Mercer Global Advisors Inc. ADV bought a new stake in shares of Douglas Emmett during the 4th quarter worth $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 worth $42,108,000 after acquiring an additional 514,034 shares during the last quarter. Landmark Investment Partners L.P. acquired a new stake in shares of Douglas Emmett in the 4th quarter valued at approximately $3,543,000. Dark Forest Capital Management LP boosted its stake in shares of Douglas Emmett by 354.6% in the 4th 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 purchasing an additional 49,076 shares in the last quarter. Finally, Hsbc Holdings PLC grew its holdings in shares of Douglas Emmett by 0.4% during the 4th quarter. Hsbc Holdings PLC now owns 2,508,153 shares of the real estate investment trust's stock valued at $46,265,000 after purchasing an additional 9,876 shares during the last quarter. 97.37% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

DEI has been the subject of several research reports. Jefferies Financial Group assumed coverage on shares of Douglas Emmett in a research note on Monday, March 17th. They issued a "hold" rating and a $16.00 price objective for the company. Janney Montgomery Scott reissued a "neutral" rating on shares of Douglas Emmett in a report on Wednesday, January 15th. StockNews.com cut Douglas Emmett from a "hold" rating to a "sell" rating in a report on Thursday, February 6th. Finally, Piper Sandler upgraded Douglas Emmett from a "neutral" rating to an "overweight" rating and set a $20.00 target price for the company in a research report on Monday, January 13th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $18.50.

Douglas Emmett Trading Down 2.2 %

NYSE DEI opened at $14.16 on Tuesday. Douglas Emmett, Inc. has a 12 month low of $12.39 and a 12 month high of $20.50. 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 market capitalization of $2.37 billion, a PE ratio of 108.91 and a beta of 1.09. The business's 50-day moving average price is $15.13 and its two-hundred day moving average price is $17.12.

Douglas Emmett (NYSE:DEI - Get Free Report) last released its earnings results on Tuesday, February 4th. The real estate investment trust reported $0.38 earnings per share for the quarter, beating analysts' consensus estimates of ($0.06) by $0.44. Douglas Emmett had a net margin of 2.38% and a return on equity of 0.63%. On average, analysts expect that Douglas Emmett, Inc. will post 1.45 EPS for the current year.

Douglas Emmett Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 5.37%. The ex-dividend date was Monday, March 31st. Douglas Emmett's dividend payout ratio (DPR) is presently 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.

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