Wexford Capital LP Buys New Shares in Douglas Emmett, Inc. (NYSE:DEI)

Wexford Capital LP bought a new position in shares of Douglas Emmett, Inc. (NYSE:DEI - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 23,590 shares of the real estate investment trust's stock, valued at approximately $438,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Summit Investment Advisors Inc. increased its position 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 in the last quarter. Sumitomo Mitsui Trust Group Inc. grew its position 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 worth $3,386,000 after purchasing an additional 860 shares in the last quarter. FIL Ltd grew its position 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 worth $103,000 after purchasing an additional 884 shares in the last quarter. Xponance Inc. grew its position in Douglas Emmett by 8.6% in 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 in the last quarter. Finally, HighTower Advisors LLC grew its position in 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 worth $265,000 after purchasing an additional 922 shares in the last quarter. 97.37% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have issued reports on DEI. Wall Street Zen raised shares of Douglas Emmett from a "sell" rating to a "hold" rating in a research report on Monday, May 12th. Jefferies Financial Group began coverage on shares of Douglas Emmett in a research report on Monday, March 17th. They issued a "hold" rating and a $16.00 price objective for the company. Wells Fargo & Company reduced 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. Finally, 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 research note on Friday. Six 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, the stock presently has a consensus rating of "Hold" and a consensus target price of $18.13.

Douglas Emmett Stock Performance

Shares of DEI stock traded down $0.12 during trading on Friday, reaching $13.99. 1,277,840 shares of the company's stock traded hands, compared to its average volume of 1,737,931. The company has a market capitalization of $2.34 billion, a P/E ratio of 107.60 and a beta of 1.21. The company has a current ratio of 4.32, a quick ratio of 4.09 and a debt-to-equity ratio of 1.50. The firm's 50-day moving average is $14.61 and its 200 day moving average is $16.78. Douglas Emmett, Inc. has a 1 year low of $12.39 and a 1 year high of $20.50.

Douglas Emmett (NYSE:DEI - Get Free Report) last posted its earnings results on Tuesday, May 6th. The real estate investment trust reported $0.40 earnings per share for the quarter, topping analysts' consensus estimates of $0.39 by $0.01. The business had revenue of $251.54 million for the quarter, compared to analyst estimates of $246.49 million. Douglas Emmett had a net margin of 2.38% and a return on equity of 0.63%. Douglas Emmett'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 EPS. Equities research analysts expect that Douglas Emmett, Inc. will post 1.45 EPS for the current year.

Douglas Emmett Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 5.43%. The ex-dividend date of this dividend was Monday, March 31st. Douglas Emmett's payout ratio is 237.50%.

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.