Deutsche Bank AG Buys 41,468 Shares of Douglas Emmett, Inc. (NYSE:DEI)

Deutsche Bank AG grew its position in shares of Douglas Emmett, Inc. (NYSE:DEI - Free Report) by 20.7% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 241,819 shares of the real estate investment trust's stock after acquiring an additional 41,468 shares during the period. Deutsche Bank AG owned about 0.14% of Douglas Emmett worth $4,488,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Tower Research Capital LLC TRC grew its holdings in shares of Douglas Emmett by 203.9% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,927 shares of the real estate investment trust's stock worth $54,000 after acquiring an additional 1,964 shares during the period. Smartleaf Asset Management LLC grew its holdings in shares of Douglas Emmett by 222.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 4,252 shares of the real estate investment trust's stock worth $79,000 after acquiring an additional 2,933 shares during the period. Raleigh Capital Management Inc. grew 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 worth $93,000 after acquiring an additional 1,172 shares during the period. Sterling Capital Management LLC grew its holdings in shares of Douglas Emmett by 808.8% during the 4th quarter. Sterling Capital Management LLC now owns 5,089 shares of the real estate investment trust's stock worth $94,000 after acquiring an additional 4,529 shares during the period. Finally, FIL Ltd grew its stake in shares of Douglas Emmett by 19.0% in the 4th quarter. FIL Ltd now owns 5,546 shares of the real estate investment trust's stock worth $103,000 after buying an additional 884 shares during the last quarter. Hedge funds and other institutional investors own 97.37% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Wells Fargo & Company cut their price target on Douglas Emmett from $20.00 to $16.00 and set an "overweight" rating on the stock in a research note on Monday, May 19th. Piper Sandler lowered their price objective on Douglas Emmett from $20.00 to $18.00 and set an "overweight" rating on the stock in a research report on Friday. Wall Street Zen raised Douglas Emmett from a "sell" rating to a "hold" rating in a research report on Monday, May 12th. Finally, Jefferies Financial Group assumed coverage on Douglas Emmett in a research report on Monday, March 17th. They issued a "hold" rating and a $16.00 price objective on the stock. Six analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $18.13.

Douglas Emmett Stock Down 0.9%

DEI stock traded down $0.12 during midday trading on Friday, hitting $13.99. The company's stock had a trading volume of 1,277,840 shares, compared to its average volume of 1,741,362. The company has a market cap of $2.34 billion, a PE ratio of 107.60 and a beta of 1.21. 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's 50-day moving average is $14.61 and its 200-day moving average is $16.75.

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

Douglas Emmett Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were issued a dividend of $0.19 per share. The ex-dividend date of this dividend was Monday, March 31st. This represents a $0.76 annualized dividend and a dividend yield of 5.43%. Douglas Emmett's payout ratio is 237.50%.

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.