Lighthouse Investment Partners LLC Buys 80,000 Shares of Douglas Emmett, Inc. (NYSE:DEI)

Lighthouse Investment Partners LLC lifted its position in shares of Douglas Emmett, Inc. (NYSE:DEI - Free Report) by 22.9% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 430,000 shares of the real estate investment trust's stock after purchasing an additional 80,000 shares during the quarter. 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 also recently modified their holdings of the company. Tower Research Capital LLC TRC increased its stake in Douglas Emmett by 203.9% during the 4th 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 in the last quarter. Smartleaf Asset Management LLC increased its position in shares of 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. GAMMA Investing LLC increased its position in shares of Douglas Emmett by 19.7% during the fourth quarter. GAMMA Investing LLC now owns 4,561 shares of the real estate investment trust's stock worth $85,000 after acquiring an additional 750 shares in the last quarter. Raleigh Capital Management Inc. raised its holdings in shares of Douglas Emmett by 30.4% in the 4th quarter. Raleigh Capital Management Inc. now owns 5,028 shares of the real estate investment trust's stock worth $93,000 after acquiring an additional 1,172 shares during the last quarter. Finally, Sterling Capital Management LLC lifted its position in Douglas Emmett by 808.8% in the 4th quarter. Sterling Capital Management LLC now owns 5,089 shares of the real estate investment trust's stock valued at $94,000 after acquiring an additional 4,529 shares in the last quarter. 97.37% of the stock is owned by institutional investors and hedge funds.

Douglas Emmett Stock Performance

NYSE:DEI traded up $0.45 during trading on Thursday, reaching $14.95. The company's stock had a trading volume of 2,734,266 shares, compared to its average volume of 1,715,221. The firm has a market cap of $2.50 billion, a price-to-earnings ratio of 115.01 and a beta of 1.21. The firm has a 50 day moving average of $14.80 and a 200-day moving average of $16.95. The company has a debt-to-equity ratio of 1.50, a quick ratio of 4.09 and a current ratio of 4.32. Douglas Emmett, Inc. has a 12 month low of $12.39 and a 12 month high of $20.50.

Douglas Emmett (NYSE:DEI - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The real estate investment trust reported $0.40 EPS for the quarter, topping analysts' consensus estimates of $0.39 by $0.01. Douglas Emmett had a net margin of 2.38% and a return on equity of 0.63%. The company had revenue of $251.54 million for the quarter, compared to analysts' expectations of $246.49 million. During the same quarter in the previous year, the firm posted $0.45 EPS. Douglas Emmett'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 firm also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were given a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 5.08%. The ex-dividend date was Monday, March 31st. Douglas Emmett's dividend payout ratio (DPR) is currently 237.50%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on DEI. StockNews.com raised Douglas Emmett from a "sell" rating to a "hold" rating in a report on Monday. Jefferies Financial Group began coverage on Douglas Emmett in a research report on Monday, March 17th. They set a "hold" rating and a $16.00 target price on the stock. Finally, Janney Montgomery Scott reissued a "neutral" rating on shares of Douglas Emmett in a research report on Wednesday, January 15th. Six equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $18.50.

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.