Jupiter Topco LLC bought a new position in shares of Douglas Emmett, Inc. (NYSE:DEI – Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 66,801 shares of the real estate investment trust’s stock, valued at approximately $789,000.
Several other institutional investors and hedge funds have also recently modified their holdings of DEI. Hsbc Holdings PLC acquired a new position in Douglas Emmett in the 2nd quarter worth about $26,308,000. Palisade Capital Management LP purchased a new stake in shares of Douglas Emmett in the second quarter valued at approximately $1,019,000. Canada Pension Plan Investment Board acquired a new position in shares of Douglas Emmett during the 2nd quarter worth approximately $870,000. Legal & General Group Plc purchased a new position in shares of Douglas Emmett during the 2nd quarter valued at approximately $27,572,000. Finally, The Manufacturers Life Insurance Company purchased a new position in shares of Douglas Emmett during the 2nd quarter valued at approximately $958,000. Hedge funds and other institutional investors own 97.37% of the company’s stock.
Douglas Emmett Stock Performance
NYSE:DEI opened at $11.41 on Monday. The company has a market cap of $1.91 billion, a P/E ratio of -76.06, a P/E/G ratio of 5.13 and a beta of 1.15. Douglas Emmett, Inc. has a twelve month low of $9.04 and a twelve month high of $16.99. The company’s 50-day moving average price is $11.95 and its 200-day moving average price is $11.17. The company has a current ratio of 2.60, a quick ratio of 2.60 and a debt-to-equity ratio of 1.63.
Douglas Emmett Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th will be given a $0.19 dividend. The ex-dividend date is Wednesday, September 30th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 6.7%. Douglas Emmett’s dividend payout ratio is -506.67%.
Wall Street Analysts Forecast Growth
A number of research firms have weighed in on DEI. Piper Sandler upped their price objective on shares of Douglas Emmett from $11.00 to $14.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 21st. Citigroup raised their price target on shares of Douglas Emmett from $10.00 to $12.00 and gave the company a “neutral” rating in a research note on Monday, May 11th. Weiss Ratings upgraded Douglas Emmett from a “sell (d)” rating to a “sell (d+)” rating in a report on Thursday, July 23rd. Evercore set a $14.00 target price on Douglas Emmett in a report on Monday, June 8th. Finally, Scotiabank raised their target price on Douglas Emmett from $12.00 to $13.00 and gave the company a “sector perform” rating in a research report on Tuesday, July 21st. One equities research analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $13.71.
Check Out Our Latest Research Report on DEI
About Douglas Emmett
Douglas Emmett, Inc is a publicly traded real estate investment trust headquartered in Santa Monica, California. The company specializes in the ownership, management and development of high‐quality office and multifamily properties, primarily concentrated in the coastal regions of Los Angeles County and the Greater Honolulu area. As a vertically integrated real estate platform, Douglas Emmett controls all aspects of property operations, leasing, capital improvements and tenant relations, positioning it to deliver stable, long‐term cash flows.
The company’s office portfolio consists predominantly of Class A buildings located in prime business districts, featuring modern amenities, campus-like settings and environmentally conscious design elements.
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