SG Americas Securities LLC Invests $3.48 Million in Douglas Emmett, Inc. (NYSE:DEI)

SG Americas Securities LLC acquired a new stake in shares of Douglas Emmett, Inc. (NYSE:DEI - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 217,645 shares of the real estate investment trust's stock, valued at approximately $3,482,000. SG Americas Securities LLC owned about 0.13% of Douglas Emmett at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in DEI. JPMorgan Chase & Co. lifted its holdings in shares of Douglas Emmett by 130.6% in 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 buying an additional 1,520,348 shares during the period. Bank of America Corp DE lifted its holdings in Douglas Emmett by 42.5% in the fourth quarter. Bank of America Corp DE now owns 609,662 shares of the real estate investment trust's stock valued at $11,315,000 after acquiring an additional 181,909 shares during the period. Empowered Funds LLC acquired a new position in Douglas Emmett in the fourth quarter valued at approximately $412,000. Principal Financial Group Inc. boosted its position in Douglas Emmett by 2.9% in the 4th quarter. Principal Financial Group Inc. now owns 811,655 shares of the real estate investment trust's stock worth $15,064,000 after purchasing an additional 22,878 shares in the last quarter. Finally, Cibc World Markets Corp acquired a new stake in shares of Douglas Emmett during the 4th quarter worth approximately $281,000. 97.37% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. Piper Sandler decreased their target price on shares of Douglas Emmett from $20.00 to $18.00 and set an "overweight" rating for the company in a research note on Friday, May 23rd. Wells Fargo & Company decreased their price objective 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. Jefferies Financial Group started coverage on Douglas Emmett in a report on Monday, March 17th. They issued a "hold" rating and a $16.00 price target for the company. Finally, Wall Street Zen raised Douglas Emmett from a "sell" rating to a "hold" rating in a report on Monday, May 12th. Six equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, Douglas Emmett currently has a consensus rating of "Hold" and a consensus price target of $18.13.

Douglas Emmett Price Performance

Douglas Emmett stock traded down $0.22 during midday trading on Tuesday, reaching $14.79. The company's stock had a trading volume of 1,329,165 shares, compared to its average volume of 1,758,446. The firm has a market capitalization of $2.48 billion, a PE ratio of 46.22 and a beta of 1.22. Douglas Emmett, Inc. has a fifty-two week low of $12.39 and a fifty-two week high of $20.50. The stock's 50 day simple moving average is $14.32 and its 200 day simple moving average is $16.27. The company has a debt-to-equity ratio of 1.54, a quick ratio of 3.89 and a current ratio of 3.89.

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 EPS for the quarter, beating analysts' consensus estimates of $0.39 by $0.01. The firm had revenue of $251.54 million for the quarter, compared to analysts' expectations of $246.49 million. Douglas Emmett had a net margin of 5.48% and a return on equity of 1.48%. The firm's revenue was up 2.9% on a year-over-year basis. During the same period in the prior year, the company earned $0.45 EPS. On average, equities 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 announced a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 5.14%. The ex-dividend date of this dividend is Monday, June 30th. Douglas Emmett's dividend payout ratio is presently 237.50%.

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.