Wexford Capital LP Takes $438,000 Position in Douglas Emmett, Inc. (NYSE:DEI)

Wexford Capital LP acquired a new position in shares of Douglas Emmett, Inc. (NYSE:DEI - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 23,590 shares of the real estate investment trust's stock, valued at approximately $438,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Summit Investment Advisors Inc. raised its holdings in shares of Douglas Emmett by 4.6% during the fourth quarter. Summit Investment Advisors Inc. now owns 16,895 shares of the real estate investment trust's stock worth $314,000 after acquiring an additional 738 shares during the period. Sumitomo Mitsui Trust Group Inc. increased its stake in 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 buying an additional 860 shares during the last quarter. FIL Ltd increased its stake in 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 buying an additional 884 shares during the last quarter. Xponance Inc. increased its stake in shares of Douglas Emmett by 8.6% during the 4th quarter. Xponance Inc. now owns 11,634 shares of the real estate investment trust's stock worth $216,000 after purchasing an additional 920 shares during the last quarter. Finally, HighTower Advisors LLC increased its stake in shares of Douglas Emmett by 6.9% during the 4th quarter. HighTower Advisors LLC now owns 14,257 shares of the real estate investment trust's stock worth $265,000 after purchasing an additional 922 shares during the last quarter. 97.37% of the stock is currently owned by institutional investors and hedge funds.

Douglas Emmett Stock Performance

Shares of NYSE:DEI traded down $0.04 during trading on Thursday, reaching $14.11. 1,624,707 shares of the stock were exchanged, compared to its average volume of 1,737,984. Douglas Emmett, Inc. has a 12 month low of $12.39 and a 12 month high of $20.50. The firm has a market cap of $2.36 billion, a PE ratio of 108.51 and a beta of 1.21. The stock has a 50-day moving average price of $14.68 and a 200-day moving average price of $16.84. The company has a current ratio of 4.32, a quick ratio of 4.09 and a debt-to-equity ratio of 1.50.

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 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.39 by $0.01. Douglas Emmett had a return on equity of 0.63% and a net margin of 2.38%. The company had revenue of $251.54 million during the quarter, compared to analysts' expectations of $246.49 million. During the same quarter in the previous year, the company posted $0.45 earnings per share. The business's revenue was up 2.9% on a year-over-year basis. Research analysts expect that Douglas Emmett, Inc. will post 1.45 EPS for the current fiscal year.

Douglas Emmett Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 5.39%. The ex-dividend date was Monday, March 31st. Douglas Emmett's dividend payout ratio is presently 237.50%.

Analyst Ratings Changes

Several research firms have recently weighed in on DEI. Jefferies Financial Group began 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. Wall Street Zen upgraded shares of Douglas Emmett from a "sell" rating to a "hold" rating in a research note on Monday, May 12th. Finally, Wells Fargo & Company lowered 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. Six 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 currently has an average rating of "Hold" and a consensus price target of $18.38.

Douglas Emmett Company 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.