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Edgestream Partners L.P. Purchases New Holdings in Douglas Emmett, Inc. (NYSE:DEI)

Douglas Emmett logo with Finance background

Edgestream Partners L.P. acquired a new stake in Douglas Emmett, Inc. (NYSE:DEI - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 139,366 shares of the real estate investment trust's stock, valued at approximately $2,230,000. Edgestream Partners L.P. owned about 0.08% of Douglas Emmett at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Envestnet Asset Management Inc. boosted its stake in shares of Douglas Emmett by 48.5% during the first quarter. Envestnet Asset Management Inc. now owns 66,217 shares of the real estate investment trust's stock worth $1,059,000 after buying an additional 21,616 shares during the period. Palisade Capital Management LP boosted its position in Douglas Emmett by 4.0% during the first quarter. Palisade Capital Management LP now owns 130,505 shares of the real estate investment trust's stock worth $2,088,000 after acquiring an additional 4,993 shares during the last quarter. Principal Financial Group Inc. raised its stake in Douglas Emmett by 2.7% during the first quarter. Principal Financial Group Inc. now owns 833,426 shares of the real estate investment trust's stock worth $13,335,000 after purchasing an additional 21,771 shares during the period. Teacher Retirement System of Texas purchased a new position in Douglas Emmett during the first quarter worth approximately $392,000. Finally, KBC Group NV raised its position in Douglas Emmett by 39.6% in the first quarter. KBC Group NV now owns 9,669 shares of the real estate investment trust's stock valued at $155,000 after purchasing an additional 2,743 shares during the period. Institutional investors and hedge funds own 97.37% of the company's stock.

Douglas Emmett Stock Performance

Shares of DEI stock opened at $15.71 on Friday. The company has a market capitalization of $2.63 billion, a P/E ratio of 49.10 and a beta of 1.23. The business's 50 day moving average is $14.93 and its two-hundred day moving average is $15.73. The company has a current ratio of 3.89, a quick ratio of 3.89 and a debt-to-equity ratio of 1.54. Douglas Emmett, Inc. has a 12-month low of $12.39 and a 12-month high of $20.50.

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 earnings per share for the quarter, beating analysts' consensus estimates of $0.39 by $0.01. The business had revenue of $251.54 million during the quarter, compared to analysts' expectations of $246.49 million. Douglas Emmett had a return on equity of 1.48% and a net margin of 5.48%. The company's revenue was up 2.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.45 earnings per share. Analysts expect that Douglas Emmett, Inc. will post 1.45 EPS for the current fiscal year.

Douglas Emmett Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Monday, June 30th were issued a $0.19 dividend. The ex-dividend date was Monday, June 30th. This represents a $0.76 annualized dividend and a yield of 4.84%. Douglas Emmett's dividend payout ratio is currently 237.50%.

Analyst Ratings Changes

DEI has been the topic of a number of research reports. Piper Sandler dropped 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. Wall Street Zen raised shares of Douglas Emmett from a "sell" rating to a "hold" rating in a research note on Monday, May 12th. Wells Fargo & Company cut their price target on shares of Douglas Emmett from $20.00 to $16.00 and set an "overweight" rating on the stock in a research note on Monday, May 19th. Scotiabank dropped their price target on shares of Douglas Emmett from $21.00 to $19.00 and set a "sector outperform" rating on the stock in a research report on Monday. Finally, BMO Capital Markets set a $17.00 price target on shares of Douglas Emmett and gave the company a "market perform" rating in a research note on Wednesday. Seven investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $17.78.

Check Out Our Latest Stock Analysis on Douglas Emmett

Douglas Emmett Company Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Douglas Emmett (NYSE:DEI)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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