UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Buys 26,432 Shares of Douglas Emmett, Inc. (NYSE:DEI)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Douglas Emmett, Inc. (NYSE:DEI - Free Report) by 2.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,111,859 shares of the real estate investment trust's stock after buying an additional 26,432 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.66% of Douglas Emmett worth $20,636,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently modified their holdings of the company. Tower Research Capital LLC TRC increased its position in shares of Douglas Emmett by 203.9% during the fourth quarter. Tower Research Capital LLC TRC now owns 2,927 shares of the real estate investment trust's stock valued at $54,000 after buying an additional 1,964 shares during the period. Smartleaf Asset Management LLC boosted its stake in Douglas Emmett by 222.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 4,252 shares of the real estate investment trust's stock worth $79,000 after acquiring an additional 2,933 shares in the last quarter. Sterling Capital Management LLC boosted its stake in Douglas Emmett by 808.8% during the fourth quarter. Sterling Capital Management LLC now owns 5,089 shares of the real estate investment trust's stock worth $94,000 after acquiring an additional 4,529 shares in the last quarter. FIL Ltd boosted its stake in Douglas Emmett by 19.0% during the fourth quarter. FIL Ltd now owns 5,546 shares of the real estate investment trust's stock worth $103,000 after acquiring an additional 884 shares in the last quarter. Finally, KBC Group NV boosted its stake in Douglas Emmett by 41.1% during the fourth quarter. KBC Group NV now owns 6,926 shares of the real estate investment trust's stock worth $129,000 after acquiring an additional 2,018 shares in the last quarter. Hedge funds and other institutional investors own 97.37% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on DEI shares. 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 dropped their price objective 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 dropped their price objective 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. Finally, Jefferies Financial Group started coverage on shares of Douglas Emmett in a research note on Monday, March 17th. They set a "hold" rating and a $16.00 price objective on the stock. Six equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $18.13.

Douglas Emmett Stock Down 2.3%

Shares of NYSE DEI traded down $0.34 during midday trading on Friday, hitting $14.20. The stock had a trading volume of 2,006,859 shares, compared to its average volume of 1,744,471. The business's 50 day moving average is $14.40 and its 200-day moving average is $16.62. The company has a market cap of $2.38 billion, a P/E ratio of 109.24 and a beta of 1.21. Douglas Emmett, Inc. has a 52 week low of $12.39 and a 52 week high of $20.50. The company has a quick ratio of 4.09, a current ratio of 4.32 and a debt-to-equity ratio of 1.50.

Douglas Emmett (NYSE:DEI - Get Free Report) last issued its 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. The firm had revenue of $251.54 million for the quarter, compared to the consensus estimate of $246.49 million. Douglas Emmett had a net margin of 2.38% and a return on equity of 0.63%. The business's revenue was up 2.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.45 earnings per share. As a group, analysts predict that Douglas Emmett, Inc. will post 1.45 EPS for the current year.

Douglas Emmett Dividend Announcement

The company 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. The ex-dividend date is Monday, June 30th. This represents a $0.76 annualized dividend and a dividend yield of 5.35%. 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.