Envestnet Asset Management Inc. Has $828,000 Holdings in Douglas Emmett, Inc. (NYSE:DEI)

Envestnet Asset Management Inc. raised its stake in shares of Douglas Emmett, Inc. (NYSE:DEI - Free Report) by 70.5% during 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 44,601 shares of the real estate investment trust's stock after buying an additional 18,440 shares during the period. Envestnet Asset Management Inc.'s holdings in Douglas Emmett were worth $828,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Barclays PLC grew its stake in Douglas Emmett by 3.8% in the 3rd quarter. Barclays PLC now owns 293,446 shares of the real estate investment trust's stock valued at $5,155,000 after buying an additional 10,653 shares during the last quarter. Franklin Resources Inc. grew its position in shares of Douglas Emmett by 6.1% in the third quarter. Franklin Resources Inc. now owns 103,493 shares of the real estate investment trust's stock valued at $1,866,000 after purchasing an additional 5,965 shares during the last quarter. GAMMA Investing LLC increased its stake in shares of Douglas Emmett by 19.7% in the fourth quarter. GAMMA Investing LLC now owns 4,561 shares of the real estate investment trust's stock worth $85,000 after purchasing an additional 750 shares during the period. Nordea Investment Management AB boosted its stake in Douglas Emmett by 4.0% during the 4th quarter. Nordea Investment Management AB now owns 663,262 shares of the real estate investment trust's stock valued at $12,317,000 after purchasing an additional 25,737 shares during the period. Finally, Aspire Private Capital LLC grew its holdings in Douglas Emmett by 73.4% in the 4th quarter. Aspire Private Capital LLC now owns 20,303 shares of the real estate investment trust's stock valued at $377,000 after buying an additional 8,591 shares during the last quarter. Institutional investors and hedge funds own 97.37% of the company's stock.

Analyst Upgrades and Downgrades

DEI has been the topic of several research reports. 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 restated a "neutral" rating on shares of Douglas Emmett in a research note on Wednesday, January 15th. Piper Sandler upgraded Douglas Emmett from a "neutral" rating to an "overweight" rating and set a $20.00 price objective for the company in a research report on Monday, January 13th. Finally, Jefferies Financial Group started coverage on Douglas Emmett in a research report on Monday, March 17th. They set a "hold" rating and a $16.00 price objective on the stock. One analyst has rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $18.50.

Douglas Emmett Price Performance

Shares of DEI stock traded down $0.08 during trading hours on Thursday, hitting $14.42. 110,297 shares of the company's stock were exchanged, compared to its average volume of 1,697,677. Douglas Emmett, Inc. has a 52 week low of $12.39 and a 52 week high of $20.50. The stock has a market cap of $2.41 billion, a price-to-earnings ratio of 110.93 and a beta of 1.21. 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's 50-day moving average is $15.02 and its 200-day moving average is $17.08.

Douglas Emmett (NYSE:DEI - Get Free Report) last issued its quarterly earnings data 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. The firm had revenue of $251.54 million for the quarter, compared to analyst estimates of $246.49 million. Douglas Emmett had a net margin of 2.38% and a return on equity of 0.63%. The company's revenue was up 2.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.45 EPS. As a group, research analysts forecast that Douglas Emmett, Inc. will post 1.45 EPS for the current year.

Douglas Emmett Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 5.27%. The ex-dividend date of this dividend was Monday, March 31st. Douglas Emmett's dividend payout ratio is 584.62%.

Douglas Emmett 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.