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

Edgestream Partners L.P. bought a new stake in shares of Douglas Emmett, Inc. (NYSE:DEI - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 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 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Envestnet Asset Management Inc. raised its position in 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 valued at $1,059,000 after acquiring an additional 21,616 shares in the last quarter. Palisade Capital Management LP boosted its stake in shares of Douglas Emmett by 4.0% in 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. boosted its stake in shares of Douglas Emmett by 2.7% in 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 acquiring an additional 21,771 shares during the last quarter. Teacher Retirement System of Texas acquired a new stake in shares of Douglas Emmett in the first quarter worth approximately $392,000. Finally, KBC Group NV increased its position in Douglas Emmett by 39.6% during the first quarter. KBC Group NV now owns 9,669 shares of the real estate investment trust's stock worth $155,000 after purchasing an additional 2,743 shares during the last quarter. Hedge funds and other institutional investors own 97.37% of the company's stock.

Douglas Emmett Price Performance

Shares of Douglas Emmett stock traded up $0.07 during midday trading on Monday, hitting $15.52. 1,143,188 shares of the company were exchanged, compared to its average volume of 1,772,263. The firm has a 50 day simple moving average of $14.97 and a 200-day simple moving average of $15.64. Douglas Emmett, Inc. has a 52 week low of $12.39 and a 52 week high of $20.50. The firm has a market cap of $2.60 billion, a P/E ratio of 9.25 and a beta of 1.23. The company has a debt-to-equity ratio of 1.54, a current ratio of 3.89 and a quick ratio of 3.89.

Douglas Emmett (NYSE:DEI - Get Free Report) last announced 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. 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 analysts' expectations of $246.49 million. During the same quarter last year, the firm earned $0.45 EPS. The firm's revenue for the quarter was up 2.9% compared to the same quarter last year. Research analysts forecast that Douglas Emmett, Inc. will post 1.45 earnings per share for the current year.

Douglas Emmett Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th were issued a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 4.90%. The ex-dividend date was Monday, June 30th. Douglas Emmett's dividend payout ratio (DPR) is currently 237.50%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. BMO Capital Markets set a $17.00 price objective on Douglas Emmett and gave the stock a "market perform" rating in a research report on Wednesday, July 16th. Wells Fargo & Company lowered their price objective on Douglas Emmett from $20.00 to $16.00 and set an "overweight" rating for the company in a report on Monday, May 19th. Scotiabank reduced their target price on Douglas Emmett from $21.00 to $19.00 and set a "sector outperform" rating for the company in a report on Monday, July 14th. Wall Street Zen raised Douglas Emmett from a "sell" rating to a "hold" rating in a research report on Monday, May 12th. Finally, Piper Sandler lowered their price target 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. Seven research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, Douglas Emmett presently has a consensus rating of "Hold" and an average target price of $17.78.

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.