GAMMA Investing LLC Acquires 68,815 Shares of Douglas Emmett, Inc. (NYSE:DEI)

GAMMA Investing LLC grew its position in shares of Douglas Emmett, Inc. (NYSE:DEI - Free Report) by 1,508.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 73,376 shares of the real estate investment trust's stock after acquiring an additional 68,815 shares during the quarter. GAMMA Investing LLC's holdings in Douglas Emmett were worth $1,174,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of DEI. FMR LLC lifted its position in Douglas Emmett by 59.6% in the 4th quarter. FMR LLC now owns 7,794,304 shares of the real estate investment trust's stock valued at $144,662,000 after acquiring an additional 2,910,490 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings 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 in the last quarter. Norges Bank bought a new position in shares of Douglas Emmett in the fourth quarter valued at approximately $23,526,000. Northern Trust Corp boosted its position in shares of Douglas Emmett by 29.3% during 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 buying an additional 514,034 shares during the last quarter. Finally, Marshall Wace LLP bought a new stake in Douglas Emmett during the fourth quarter worth $9,045,000. 97.37% of the stock is owned by institutional investors and hedge funds.

Douglas Emmett Price Performance

NYSE DEI remained flat at $14.80 during trading hours on Thursday. 1,230,514 shares of the company were exchanged, compared to its average volume of 1,758,281. Douglas Emmett, Inc. has a 1-year low of $12.39 and a 1-year high of $20.50. The firm has a 50-day simple moving average of $14.34 and a 200 day simple moving average of $16.25. The company has a quick ratio of 3.89, a current ratio of 3.89 and a debt-to-equity ratio of 1.54. The company has a market cap of $2.48 billion, a PE ratio of 46.25 and a beta of 1.22.

Douglas Emmett (NYSE:DEI - Get Free Report) last released its earnings results on Tuesday, May 6th. The real estate investment trust reported $0.40 earnings per share for the quarter, beating analysts' consensus estimates of $0.39 by $0.01. The firm had revenue of $251.54 million during the quarter, compared to the consensus estimate of $246.49 million. Douglas Emmett had a net margin of 5.48% and a return on equity of 1.48%. 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. As a group, sell-side analysts anticipate that Douglas Emmett, Inc. will post 1.45 earnings per share for the current year.

Douglas Emmett Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be given a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 5.14%. The ex-dividend date of this dividend is Monday, June 30th. Douglas Emmett's dividend payout ratio is currently 237.50%.

Wall Street Analyst Weigh In

DEI has been the subject of a number of analyst reports. Wells Fargo & Company lowered their price target on Douglas Emmett from $20.00 to $16.00 and set an "overweight" rating for the company in a research report on Monday, May 19th. Piper Sandler lowered their target price on shares of Douglas Emmett from $20.00 to $18.00 and set an "overweight" rating for the company in a report on Friday, May 23rd. Wall Street Zen raised shares of Douglas Emmett from a "sell" rating to a "hold" rating in a research report on Monday, May 12th. Finally, Jefferies Financial Group began coverage on shares of Douglas Emmett in a research report on Monday, March 17th. They issued a "hold" rating and a $16.00 price objective for the company. Six equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $18.13.

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.