XTX Topco Ltd Makes New $1.22 Million Investment in Douglas Emmett, Inc. (NYSE:DEI)

Key Points

• XTX Topco Ltd acquired 76,172 shares of Douglas Emmett, Inc. valued at approximately $1,219,000 during Q1, according to a recent SEC filing.
• Douglas Emmett reported $0.40 EPS for the last quarter, exceeding estimates, with revenue up 2.9% year-over-year.
• The company declared a quarterly dividend of $0.19, with an annualized yield of 5.1% and a high dividend payout ratio of 237.50%.

XTX Topco Ltd purchased a new stake in shares of Douglas Emmett, Inc. (NYSE:DEI - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 76,172 shares of the real estate investment trust's stock, valued at approximately $1,219,000.

Several other institutional investors have also made changes to their positions in 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 purchasing an additional 1,964 shares during the period. GF Fund Management CO. LTD. acquired a new position in shares of Douglas Emmett in the 4th quarter valued at $56,000. Sterling Capital Management LLC lifted its stake in Douglas Emmett by 808.8% in the fourth quarter. Sterling Capital Management LLC now owns 5,089 shares of the real estate investment trust's stock valued at $94,000 after buying an additional 4,529 shares during the period. FIL Ltd increased its holdings in shares of Douglas Emmett by 19.0% in 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 increased its holdings in shares of Douglas Emmett by 39.6% in the first quarter. KBC Group NV now owns 9,669 shares of the real estate investment trust's stock worth $155,000 after acquiring an additional 2,743 shares in the last quarter. 97.37% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on DEI shares. BMO Capital Markets set a $17.00 target price on Douglas Emmett and gave the company a "market perform" rating in a research report on Wednesday, July 16th. Scotiabank reduced their price target on Douglas Emmett from $21.00 to $19.00 and set a "sector outperform" rating for the company in a research note on Monday, July 14th. Piper Sandler dropped their price objective on Douglas Emmett from $20.00 to $18.00 and set an "overweight" rating for the company in a report on Friday, May 23rd. Wall Street Zen raised Douglas Emmett from a "sell" rating to a "hold" rating in a report on Monday, May 12th. Finally, Wells Fargo & Company lowered their price target on Douglas Emmett from $20.00 to $16.00 and set an "overweight" rating for the company in a report on Monday, May 19th. Seven investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $17.78.

Douglas Emmett Trading Up 0.5%

Shares of DEI stock traded up $0.08 on Tuesday, hitting $14.90. The company had a trading volume of 878,970 shares, compared to its average volume of 1,932,287. The firm has a market cap of $2.49 billion, a P/E ratio of 46.55 and a beta of 1.26. The stock's 50-day moving average is $15.15 and its two-hundred day moving average is $15.52. 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, Inc. has a twelve month low of $12.39 and a twelve month high of $20.50.

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 for the quarter, topping analysts' consensus estimates of $0.39 by $0.01. The business had revenue of $251.54 million during the quarter, compared to the consensus estimate of $246.49 million. Douglas Emmett had a return on equity of 1.48% and a net margin of 5.48%. The firm's revenue for the quarter was up 2.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.45 earnings per share. On average, equities research analysts anticipate 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 was paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th were issued a $0.19 dividend. The ex-dividend date was Monday, June 30th. This represents a $0.76 annualized dividend and a yield of 5.1%. Douglas Emmett's dividend payout ratio is presently 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.