Lighthouse Investment Partners LLC Raises Stock Position in Douglas Emmett, Inc. (NYSE:DEI)

Lighthouse Investment Partners LLC raised its holdings in shares of Douglas Emmett, Inc. (NYSE:DEI - Free Report) by 22.9% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 430,000 shares of the real estate investment trust's stock after purchasing an additional 80,000 shares during the period. Lighthouse Investment Partners LLC owned 0.26% of Douglas Emmett worth $7,981,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in DEI. FMR LLC increased its position in Douglas Emmett by 59.6% during the 4th quarter. FMR LLC now owns 7,794,304 shares of the real estate investment trust's stock valued at $144,662,000 after purchasing an additional 2,910,490 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of Douglas Emmett by 130.6% in the 4th quarter. JPMorgan Chase & Co. now owns 2,684,597 shares of the real estate investment trust's stock valued at $49,826,000 after buying an additional 1,520,348 shares in the last quarter. Norges Bank bought a new stake in shares of Douglas Emmett in the 4th quarter valued at about $23,526,000. Northern Trust Corp boosted its holdings in shares of Douglas Emmett by 29.3% in the 4th quarter. Northern Trust Corp now owns 2,268,759 shares of the real estate investment trust's stock valued at $42,108,000 after buying an additional 514,034 shares in the last quarter. Finally, Marshall Wace LLP bought a new stake in shares of Douglas Emmett in the 4th quarter valued at about $9,045,000. Hedge funds and other institutional investors own 97.37% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on DEI shares. Jefferies Financial Group started coverage on shares of Douglas Emmett in a report on Monday, March 17th. They issued a "hold" rating and a $16.00 price target on the stock. StockNews.com upgraded shares of Douglas Emmett from a "sell" rating to a "hold" rating in a report on Monday, May 12th. Six investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $18.50.

Douglas Emmett Stock Performance

Shares of NYSE:DEI traded down $0.04 during trading on Friday, hitting $14.93. 2,081,220 shares of the stock traded hands, compared to its average volume of 1,721,230. The company has a quick ratio of 4.09, a current ratio of 4.32 and a debt-to-equity ratio of 1.50. The company has a market cap of $2.50 billion, a price-to-earnings ratio of 114.85 and a beta of 1.21. The company has a fifty day moving average price of $14.75 and a two-hundred day moving average price of $16.90. Douglas Emmett, Inc. has a 52-week low of $12.39 and a 52-week 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, beating the consensus estimate of $0.39 by $0.01. The firm had revenue of $251.54 million during 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%. The business's quarterly revenue was up 2.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.45 EPS. As a group, equities 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 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 annualized dividend and a dividend yield of 5.09%. The ex-dividend date of this dividend was Monday, March 31st. Douglas Emmett's dividend payout ratio (DPR) is 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.