Jupiter Asset Management Ltd. Purchases 170,944 Shares of Douglas Emmett, Inc. (NYSE:DEI)

Key Points

• Jupiter Asset Management Ltd. increased its holdings in Douglas Emmett, Inc. by 363.9% during the first quarter, owning a total of 217,919 shares valued at approximately $3.49 million.
• Douglas Emmett reported a quarterly earnings per share (EPS) of $0.40, which was slightly above the consensus estimate of $0.39, and had a revenue of $251.54 million for the same period.
• The company recently declared a quarterly dividend of $0.19 per share, resulting in a dividend yield of 5.1%, although its payout ratio is notably high at 237.50%.

Jupiter Asset Management Ltd. lifted its stake in Douglas Emmett, Inc. (NYSE:DEI - Free Report) by 363.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 217,919 shares of the real estate investment trust's stock after buying an additional 170,944 shares during the period. Jupiter Asset Management Ltd. owned approximately 0.13% of Douglas Emmett worth $3,487,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of DEI. JPMorgan Chase & Co. boosted its holdings in Douglas Emmett by 130.6% during the fourth quarter. JPMorgan Chase & Co. now owns 2,684,597 shares of the real estate investment trust's stock worth $49,826,000 after buying an additional 1,520,348 shares in the last quarter. Norges Bank purchased a new stake in shares of Douglas Emmett in the fourth quarter valued at $23,526,000. Pictet Asset Management Holding SA grew its holdings in shares of Douglas Emmett by 8.9% during the fourth quarter. Pictet Asset Management Holding SA now owns 53,832 shares of the real estate investment trust's stock worth $999,000 after buying an additional 4,413 shares in the last quarter. Resona Asset Management Co. Ltd. purchased a new stake in Douglas Emmett in the 4th quarter valued at about $1,234,000. Finally, Wells Fargo & Company MN grew its stake in shares of Douglas Emmett by 7.5% during the 4th quarter. Wells Fargo & Company MN now owns 164,944 shares of the real estate investment trust's stock valued at $3,061,000 after buying an additional 11,556 shares during the period. 97.37% of the stock is owned by institutional investors and hedge funds.

Douglas Emmett Trading Down 1.2%

Shares of DEI stock traded down $0.18 during trading hours on Thursday, reaching $14.51. 1,079,071 shares of the stock traded hands, compared to its average volume of 1,945,535. 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 firm has a market capitalization of $2.43 billion, a PE ratio of 66.03 and a beta of 1.26. Douglas Emmett, Inc. has a 1-year low of $12.39 and a 1-year high of $20.50. The business has a fifty day moving average price of $15.19 and a 200 day moving average price of $15.49.

Douglas Emmett (NYSE:DEI - Get Free Report) last issued its earnings results on Tuesday, August 5th. The real estate investment trust reported $0.37 EPS for the quarter, hitting the consensus estimate of $0.37. The business had revenue of $252.43 million during the quarter, compared to analysts' expectations of $250.98 million. Douglas Emmett had a return on equity of 1.03% and a net margin of 3.77%. Douglas Emmett's revenue was up 2.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.46 earnings per share. On average, equities research analysts forecast that Douglas Emmett, Inc. will post 1.45 EPS for the current year.

Douglas Emmett Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Monday, June 30th were given a dividend of $0.19 per share. The ex-dividend date of this dividend was Monday, June 30th. This represents a $0.76 dividend on an annualized basis and a yield of 5.2%. Douglas Emmett's dividend payout ratio (DPR) is presently 237.50%.

Wall Street Analyst Weigh In

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

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.