Quadrant Capital Group LLC Has $57,000 Stock Position in Douglas Emmett, Inc. (NYSE:DEI)

Quadrant Capital Group LLC trimmed its position in Douglas Emmett, Inc. (NYSE:DEI) by 54.4% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 3,952 shares of the real estate investment trust’s stock after selling 4,712 shares during the period. Quadrant Capital Group LLC’s holdings in Douglas Emmett were worth $57,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in DEI. GAMMA Investing LLC acquired a new position in shares of Douglas Emmett in the fourth quarter worth about $43,000. Metis Global Partners LLC acquired a new position in shares of Douglas Emmett in the fourth quarter worth about $156,000. Altfest L J & Co. Inc. acquired a new position in shares of Douglas Emmett in the fourth quarter worth about $183,000. Pathstone Family Office LLC boosted its holdings in shares of Douglas Emmett by 12.6% during the third quarter. Pathstone Family Office LLC now owns 14,451 shares of the real estate investment trust’s stock worth $185,000 after purchasing an additional 1,617 shares during the period. Finally, Sequoia Financial Advisors LLC boosted its holdings in shares of Douglas Emmett by 46.8% during the third quarter. Sequoia Financial Advisors LLC now owns 16,601 shares of the real estate investment trust’s stock worth $212,000 after purchasing an additional 5,294 shares during the period. 97.37% of the stock is currently owned by institutional investors and hedge funds.

Douglas Emmett Price Performance

NYSE DEI opened at $13.37 on Monday. The company has a quick ratio of 4.42, a current ratio of 4.42 and a debt-to-equity ratio of 1.45. The stock has a market capitalization of $2.24 billion, a PE ratio of -43.13 and a beta of 1.05. The company has a 50 day moving average price of $13.63 and a two-hundred day moving average price of $13.60. Douglas Emmett, Inc. has a 12-month low of $10.76 and a 12-month high of $16.12.

Douglas Emmett Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 16th. Shareholders of record on Thursday, March 28th were paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 5.68%. The ex-dividend date was Wednesday, March 27th. Douglas Emmett’s dividend payout ratio (DPR) is presently -245.16%.

Analysts Set New Price Targets

Several analysts recently commented on the stock. StockNews.com upgraded shares of Douglas Emmett from a “sell” rating to a “hold” rating in a report on Monday, May 20th. Piper Sandler decreased their price target on shares of Douglas Emmett from $17.00 to $15.00 and set a “neutral” rating for the company in a report on Friday, March 22nd. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $13.67.

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.