MetLife Investment Management LLC Boosts Position in Douglas Emmett, Inc. (NYSE:DEI)

MetLife Investment Management LLC boosted its holdings in Douglas Emmett, Inc. (NYSE:DEI) by 5.3% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 102,891 shares of the real estate investment trust’s stock after buying an additional 5,184 shares during the period. MetLife Investment Management LLC owned approximately 0.06% of Douglas Emmett worth $1,910,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the business. Summit Investment Advisors Inc. grew its position in Douglas Emmett by 4.6% in the fourth quarter. Summit Investment Advisors Inc. now owns 16,895 shares of the real estate investment trust’s stock valued at $314,000 after acquiring an additional 738 shares in the last quarter. GAMMA Investing LLC grew its position in Douglas Emmett by 19.7% in the fourth quarter. GAMMA Investing LLC now owns 4,561 shares of the real estate investment trust’s stock valued at $85,000 after acquiring an additional 750 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. grew its position in Douglas Emmett by 0.5% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 182,461 shares of the real estate investment trust’s stock valued at $3,386,000 after acquiring an additional 860 shares in the last quarter. FIL Ltd grew its position in Douglas Emmett by 19.0% in the fourth quarter. FIL Ltd now owns 5,546 shares of the real estate investment trust’s stock valued at $103,000 after acquiring an additional 884 shares in the last quarter. Finally, Xponance Inc. grew its position in Douglas Emmett by 8.6% in the fourth quarter. Xponance Inc. now owns 11,634 shares of the real estate investment trust’s stock valued at $216,000 after acquiring an additional 920 shares in the last quarter. Hedge funds and other institutional investors own 97.37% of the company’s stock.

Wall Street Analysts Forecast Growth

DEI has been the subject of several recent research reports. Wedbush raised shares of Douglas Emmett from a “neutral” rating to an “outperform” rating and increased their price objective for the company from $19.00 to $21.00 in a research report on Thursday, January 2nd. Jefferies Financial Group initiated coverage on shares of Douglas Emmett in a research report on Monday, March 17th. They set a “hold” rating and a $16.00 price target for the company. Janney Montgomery Scott reissued a “neutral” rating on shares of Douglas Emmett in a research report on Wednesday, January 15th. Piper Sandler raised shares of Douglas Emmett from a “neutral” rating to an “overweight” rating and set a $20.00 price target for the company in a research report on Monday, January 13th. Finally, StockNews.com downgraded shares of Douglas Emmett from a “hold” rating to a “sell” rating in a research report on Thursday, February 6th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the stock. According to MarketBeat, Douglas Emmett presently has an average rating of “Hold” and an average price target of $18.50.

Douglas Emmett Stock Performance

Shares of DEI opened at $14.20 on Tuesday. The company has a debt-to-equity ratio of 1.50, a current ratio of 4.32 and a quick ratio of 4.09. The stock has a market capitalization of $2.38 billion, a PE ratio of 109.24 and a beta of 1.09. Douglas Emmett, Inc. has a 12-month low of $12.39 and a 12-month high of $20.50. The business’s fifty day moving average price is $15.36 and its 200 day moving average price is $17.28.

Douglas Emmett (NYSE:DEI) last posted its earnings results on Tuesday, February 4th. The real estate investment trust reported $0.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.44. Douglas Emmett had a return on equity of 0.63% and a net margin of 2.38%. Equities research analysts forecast that Douglas Emmett, Inc. will post 1.45 EPS for the current year.

Douglas Emmett Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 5.35%. The ex-dividend date of this dividend was Monday, March 31st. Douglas Emmett’s payout ratio is 584.62%.

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.