Douglas Emmett (NYSE:DEI) Trading 4.7% Higher

Douglas Emmett, Inc. (NYSE:DEI)’s stock price was up 4.7% during trading on Wednesday . The stock traded as high as $13.57 and last traded at $13.56. Approximately 240,360 shares were traded during mid-day trading, a decline of 88% from the average daily volume of 1,968,260 shares. The stock had previously closed at $12.95.

Analyst Ratings Changes

A number of research firms have weighed in on DEI. Piper Sandler lowered their price objective on Douglas Emmett from $17.00 to $15.00 and set a “neutral” rating on the stock in a research note on Friday, March 22nd. Jefferies Financial Group upgraded Douglas Emmett from an “underperform” rating to a “hold” rating and lifted their price target for the stock from $10.00 to $15.00 in a report on Tuesday, January 2nd. Three analysts have rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $13.63.

Douglas Emmett Stock Up 1.5 %

The business has a 50-day moving average of $13.56 and a 200-day moving average of $13.19. The company has a debt-to-equity ratio of 1.44, a quick ratio of 4.91 and a current ratio of 4.91. The stock has a market capitalization of $2.32 billion, a price-to-earnings ratio of -53.37 and a beta of 1.06.

Douglas Emmett Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 16th. Stockholders of record on Thursday, March 28th will be paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 5.48%. The ex-dividend date is Wednesday, March 27th. Douglas Emmett’s dividend payout ratio (DPR) is -292.31%.

Hedge Funds Weigh In On Douglas Emmett

Hedge funds have recently made changes to their positions in the stock. Norges Bank acquired a new position in Douglas Emmett during the fourth quarter worth $114,497,000. Price T Rowe Associates Inc. MD lifted its stake in Douglas Emmett by 91.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 7,155,765 shares of the real estate investment trust’s stock worth $88,232,000 after acquiring an additional 3,411,463 shares in the last quarter. Rush Island Management LP boosted its holdings in Douglas Emmett by 271.4% during the 3rd quarter. Rush Island Management LP now owns 4,152,516 shares of the real estate investment trust’s stock valued at $52,986,000 after acquiring an additional 3,034,375 shares during the period. Millennium Management LLC boosted its holdings in Douglas Emmett by 149.3% during the 4th quarter. Millennium Management LLC now owns 3,987,871 shares of the real estate investment trust’s stock valued at $62,530,000 after acquiring an additional 2,388,516 shares during the period. Finally, Wellington Management Group LLP grew its position in Douglas Emmett by 26.8% in the 3rd quarter. Wellington Management Group LLP now owns 9,201,972 shares of the real estate investment trust’s stock valued at $117,417,000 after acquiring an additional 1,947,720 shares in the last quarter. Hedge funds and other institutional investors own 97.37% of the company’s stock.

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.