Douglas Emmett, Inc. (NYSE:DEI) Shares Purchased by Dark Forest Capital Management LP

Dark Forest Capital Management LP increased its stake in shares of Douglas Emmett, Inc. (NYSE:DEI - Free Report) by 354.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 62,917 shares of the real estate investment trust's stock after buying an additional 49,076 shares during the period. Dark Forest Capital Management LP's holdings in Douglas Emmett were worth $1,168,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Massachusetts Financial Services Co. MA raised its stake in shares of Douglas Emmett by 1.6% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 7,943,811 shares of the real estate investment trust's stock worth $147,437,000 after buying an additional 125,727 shares during the last quarter. FMR LLC raised its position in Douglas Emmett by 59.6% during the fourth quarter. FMR LLC now owns 7,794,304 shares of the real estate investment trust's stock worth $144,662,000 after acquiring an additional 2,910,490 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Douglas Emmett by 0.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,812,708 shares of the real estate investment trust's stock valued at $70,764,000 after purchasing an additional 14,886 shares during the last quarter. JPMorgan Chase & Co. grew its position in shares of Douglas Emmett by 130.6% in the fourth quarter. JPMorgan Chase & Co. now owns 2,684,597 shares of the real estate investment trust's stock valued at $49,826,000 after purchasing an additional 1,520,348 shares during the last quarter. Finally, Hsbc Holdings PLC raised its position 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 worth $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 and hedge funds.

Douglas Emmett Stock Down 2.2 %

NYSE:DEI traded down $0.32 during mid-day trading on Tuesday, hitting $13.90. The company had a trading volume of 191,121 shares, compared to its average volume of 1,695,895. Douglas Emmett, Inc. has a 1 year low of $12.39 and a 1 year high of $20.50. The business has a fifty day simple moving average of $15.36 and a 200-day simple moving average of $17.28. 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 $2.33 billion, a price-to-earnings ratio of 106.70 and a beta of 1.09.

Douglas Emmett (NYSE:DEI - Get Free Report) last released its quarterly earnings results on Tuesday, February 4th. The real estate investment trust reported $0.38 EPS 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%. Equities analysts forecast that Douglas Emmett, Inc. will post 1.45 earnings per share for the current fiscal year.

Douglas Emmett Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 5.47%. The ex-dividend date of this dividend was Monday, March 31st. Douglas Emmett's dividend payout ratio (DPR) is 584.62%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on DEI. Jefferies Financial Group initiated coverage on Douglas Emmett in a report on Monday, March 17th. They set a "hold" rating and a $16.00 target price on the stock. 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. StockNews.com downgraded shares of Douglas Emmett from a "hold" rating to a "sell" rating in a report on Thursday, February 6th. Janney Montgomery Scott reissued a "neutral" rating on shares of Douglas Emmett in a research note on Wednesday, January 15th. Finally, Wedbush upgraded shares of Douglas Emmett from a "neutral" rating to an "outperform" rating and boosted their target price for the company from $19.00 to $21.00 in a report on Thursday, January 2nd. One research analyst has rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, Douglas Emmett presently has a consensus rating of "Hold" and an average price target of $18.50.

About Douglas Emmett

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.