Douglas Emmett, Inc. (NYSE:DEI) Stock Holdings Decreased by Squarepoint Ops LLC

Squarepoint Ops LLC lessened its stake in Douglas Emmett, Inc. (NYSE:DEI - Free Report) by 65.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 28,580 shares of the real estate investment trust's stock after selling 53,443 shares during the quarter. Squarepoint Ops LLC's holdings in Douglas Emmett were worth $530,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. Summit Investment Advisors Inc. boosted its holdings in shares of Douglas Emmett by 4.6% in the 4th quarter. Summit Investment Advisors Inc. now owns 16,895 shares of the real estate investment trust's stock valued at $314,000 after purchasing an additional 738 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its holdings in shares of Douglas Emmett by 0.5% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 182,461 shares of the real estate investment trust's stock valued at $3,386,000 after purchasing an additional 860 shares during the last quarter. FIL Ltd raised its stake in shares of Douglas Emmett by 19.0% in the 4th quarter. FIL Ltd now owns 5,546 shares of the real estate investment trust's stock valued at $103,000 after acquiring an additional 884 shares during the period. Xponance Inc. raised its stake in shares of Douglas Emmett by 8.6% in the 4th quarter. Xponance Inc. now owns 11,634 shares of the real estate investment trust's stock valued at $216,000 after acquiring an additional 920 shares during the period. Finally, HighTower Advisors LLC raised its stake in shares of Douglas Emmett by 6.9% in the 4th quarter. HighTower Advisors LLC now owns 14,257 shares of the real estate investment trust's stock valued at $265,000 after acquiring an additional 922 shares during the period. Institutional investors and hedge funds own 97.37% of the company's stock.

Analysts Set New Price Targets

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

Douglas Emmett Stock Up 0.1%

Douglas Emmett stock traded up $0.02 during midday trading on Thursday, hitting $14.41. 973,699 shares of the stock were exchanged, compared to its average volume of 1,741,046. Douglas Emmett, Inc. has a 1 year low of $12.39 and a 1 year high of $20.50. The firm has a market cap of $2.41 billion, a P/E ratio of 110.82 and a beta of 1.21. The company has a debt-to-equity ratio of 1.50, a current ratio of 4.32 and a quick ratio of 4.09. The company has a 50 day moving average price of $14.29 and a two-hundred day moving average price of $16.54.

Douglas Emmett (NYSE:DEI - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The real estate investment trust reported $0.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.39 by $0.01. Douglas Emmett had a net margin of 2.38% and a return on equity of 0.63%. The firm had revenue of $251.54 million for the quarter, compared to the consensus estimate of $246.49 million. During the same quarter in the previous year, the firm posted $0.45 EPS. The firm's quarterly revenue was up 2.9% on a year-over-year basis. On average, sell-side analysts predict that Douglas Emmett, Inc. will post 1.45 earnings per share for the current fiscal year.

Douglas Emmett Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 5.28%. The ex-dividend date is Monday, June 30th. Douglas Emmett's dividend payout ratio (DPR) is 237.50%.

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.