Lighthouse Investment Partners LLC Increases Stock Holdings in Douglas Emmett, Inc. (NYSE:DEI)

Lighthouse Investment Partners LLC lifted its stake in shares of Douglas Emmett, Inc. (NYSE:DEI) by 22.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 430,000 shares of the real estate investment trust’s stock after buying an additional 80,000 shares during the period. Lighthouse Investment Partners LLC owned about 0.26% of Douglas Emmett worth $7,981,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of DEI. FMR LLC boosted its position in shares of Douglas Emmett by 59.6% during the fourth quarter. FMR LLC now owns 7,794,304 shares of the real estate investment trust’s stock valued at $144,662,000 after buying an additional 2,910,490 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of Douglas Emmett by 130.6% during the fourth quarter. JPMorgan Chase & Co. now owns 2,684,597 shares of the real estate investment trust’s stock valued at $49,826,000 after buying an additional 1,520,348 shares during the last quarter. Norges Bank purchased a new position in shares of Douglas Emmett during the fourth quarter valued at approximately $23,526,000. Northern Trust Corp boosted its position in shares of Douglas Emmett by 29.3% during the fourth quarter. Northern Trust Corp now owns 2,268,759 shares of the real estate investment trust’s stock valued at $42,108,000 after buying an additional 514,034 shares during the last quarter. Finally, Marshall Wace LLP bought a new stake in Douglas Emmett during the fourth quarter worth $9,045,000. Hedge funds and other institutional investors own 97.37% of the company’s stock.

Douglas Emmett Stock Performance

Shares of DEI opened at $14.48 on Monday. The firm has a market cap of $2.42 billion, a PE ratio of 111.39 and a beta of 1.21. The stock’s fifty day moving average price is $14.93 and its two-hundred day moving average price is $17.01. The company has a debt-to-equity ratio of 1.50, a current ratio of 4.32 and a quick ratio of 4.09. Douglas Emmett, Inc. has a 1 year low of $12.39 and a 1 year high of $20.50.

Douglas Emmett (NYSE:DEI) last issued its earnings results on Tuesday, May 6th. The real estate investment trust reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.01. The firm had revenue of $251.54 million for the quarter, compared to analyst estimates of $246.49 million. Douglas Emmett had a return on equity of 0.63% and a net margin of 2.38%. The business’s revenue was up 2.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.45 earnings per share. On average, equities research analysts forecast that Douglas Emmett, Inc. will post 1.45 EPS for the current year.

Douglas Emmett Announces Dividend

The company 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. The ex-dividend date of this dividend was Monday, March 31st. This represents a $0.76 annualized dividend and a dividend yield of 5.25%. Douglas Emmett’s payout ratio is presently 237.50%.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Janney Montgomery Scott reiterated a “neutral” rating on shares of Douglas Emmett in a report on Wednesday, January 15th. Piper Sandler upgraded Douglas Emmett from a “neutral” rating to an “overweight” rating and set a $20.00 price target on the stock in a report on Monday, January 13th. Jefferies Financial Group assumed coverage on Douglas Emmett in a report on Monday, March 17th. They set a “hold” rating and a $16.00 price target on the stock. Finally, StockNews.com lowered Douglas Emmett from a “hold” rating to a “sell” rating in a report on Thursday, February 6th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $18.50.

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.