GAMMA Investing LLC Raises Stake in Douglas Emmett, Inc. (NYSE:DEI)

GAMMA Investing LLC increased its position in shares of Douglas Emmett, Inc. (NYSE:DEI - Free Report) by 1,508.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund 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 and Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Massachusetts Financial Services Co. MA raised its position in Douglas Emmett by 1.6% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 7,943,811 shares of the real estate investment trust's stock valued at $147,437,000 after purchasing an additional 125,727 shares during the period. FMR LLC raised its holdings in shares of 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 buying an additional 2,910,490 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in Douglas Emmett by 0.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,812,708 shares of the real estate investment trust's stock worth $70,764,000 after acquiring an additional 14,886 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in Douglas Emmett by 130.6% during the 4th quarter. JPMorgan Chase & Co. now owns 2,684,597 shares of the real estate investment trust's stock valued at $49,826,000 after acquiring an additional 1,520,348 shares during the period. Finally, Hsbc Holdings PLC increased its stake in Douglas Emmett by 0.4% during the fourth 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 period. 97.37% of the stock is currently owned by institutional investors and hedge funds.

Douglas Emmett Price Performance

NYSE:DEI traded down $0.22 during mid-day trading on Tuesday, hitting $14.79. 1,329,165 shares of the company's stock traded hands, compared to its average volume of 1,758,893. Douglas Emmett, Inc. has a 1 year low of $12.39 and a 1 year high of $20.50. The company has a market cap of $2.48 billion, a PE ratio of 8.99 and a beta of 1.22. The company has a debt-to-equity ratio of 1.54, a quick ratio of 3.89 and a current ratio of 3.89. The firm's 50 day simple moving average is $14.32 and its 200 day simple moving average is $16.27.

Douglas Emmett (NYSE:DEI - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The real estate investment trust reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.01. Douglas Emmett had a net margin of 5.48% and a return on equity of 1.48%. The business had revenue of $251.54 million for the quarter, compared to the consensus estimate of $246.49 million. During the same quarter in the prior year, the firm posted $0.45 earnings per share. The company's quarterly revenue was up 2.9% compared to the same quarter last year. Sell-side analysts expect that Douglas Emmett, Inc. will post 1.45 EPS for the current year.

Douglas Emmett Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be paid a dividend of $0.19 per share. The ex-dividend date of this dividend is Monday, June 30th. This represents a $0.76 annualized dividend and a dividend yield of 5.14%. Douglas Emmett's dividend payout ratio is presently 237.50%.

Analysts Set New Price Targets

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

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.