Raymond James Financial Inc. purchased a new position in shares of Douglas Emmett, Inc. (NYSE:DEI - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 421,816 shares of the real estate investment trust's stock, valued at approximately $7,829,000. Raymond James Financial Inc. owned about 0.25% of Douglas Emmett as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently modified their holdings of DEI. GAMMA Investing LLC boosted its holdings in shares of Douglas Emmett by 19.7% in the 4th quarter. GAMMA Investing LLC now owns 4,561 shares of the real estate investment trust's stock worth $85,000 after purchasing an additional 750 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its holdings in shares of 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 boosted its holdings in shares of 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. boosted its holdings in shares of 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 boosted its holdings in shares of 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 currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
A number of research firms have recently issued reports on DEI. Piper Sandler upgraded Douglas Emmett from a "neutral" rating to an "overweight" rating and set a $20.00 price objective for the company in a report on Monday, January 13th. Janney Montgomery Scott restated a "neutral" rating on shares of Douglas Emmett in a report on Wednesday, January 15th. StockNews.com cut Douglas Emmett from a "hold" rating to a "sell" rating in a report on Thursday, February 6th. Wedbush upgraded Douglas Emmett from a "neutral" rating to an "outperform" rating and increased their target price for the company from $19.00 to $21.00 in a report on Thursday, January 2nd. Finally, Jefferies Financial Group initiated coverage on Douglas Emmett in a report on Monday, March 17th. They set a "hold" rating and a $16.00 target price for the company. One research analyst has rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, Douglas Emmett presently has an average rating of "Hold" and an average target price of $18.50.
View Our Latest Report on Douglas Emmett
Douglas Emmett Trading Down 0.3 %
NYSE DEI traded down $0.04 on Monday, hitting $14.20. The company's stock had a trading volume of 1,596,556 shares, compared to its average volume of 1,701,820. Douglas Emmett, Inc. has a 52-week low of $12.39 and a 52-week high of $20.50. 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 company's 50-day simple moving average is $15.36 and its 200 day simple moving average is $17.28. The firm has a market cap of $2.38 billion, a P/E ratio of 109.24 and a beta of 1.09.
Douglas Emmett (NYSE:DEI - Get Free Report) last released its quarterly earnings data on Tuesday, February 4th. The real estate investment trust reported $0.38 earnings per share for the quarter, topping the consensus estimate of ($0.06) by $0.44. Douglas Emmett had a return on equity of 0.63% and a net margin of 2.38%. Research analysts predict that Douglas Emmett, Inc. will post 1.45 EPS for the current fiscal year.
Douglas Emmett Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were issued a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 5.35%. The ex-dividend date of this dividend was Monday, March 31st. Douglas Emmett's dividend payout ratio (DPR) is currently 584.62%.
About Douglas Emmett
(
Free Report)
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.
Featured Stories
Before you consider Douglas Emmett, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Douglas Emmett wasn't on the list.
While Douglas Emmett currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
