Centersquare Investment Management LLC raised its holdings in shares of Douglas Emmett, Inc. (NYSE:DEI – Free Report) by 54.7% during the 4th quarter, Holdings Channel reports. The fund owned 2,539,450 shares of the real estate investment trust’s stock after purchasing an additional 897,630 shares during the period. Centersquare Investment Management LLC’s holdings in Douglas Emmett were worth $27,909,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds have also recently added to or reduced their stakes in DEI. Royal Bank of Canada raised its stake in Douglas Emmett by 43.4% during the 1st quarter. Royal Bank of Canada now owns 29,746 shares of the real estate investment trust’s stock valued at $476,000 after acquiring an additional 9,007 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Douglas Emmett by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 96,105 shares of the real estate investment trust’s stock valued at $1,538,000 after acquiring an additional 4,186 shares in the last quarter. Empowered Funds LLC raised its stake in Douglas Emmett by 8.4% during the 1st quarter. Empowered Funds LLC now owns 24,086 shares of the real estate investment trust’s stock valued at $385,000 after acquiring an additional 1,864 shares in the last quarter. Intech Investment Management LLC raised its stake in Douglas Emmett by 33.4% during the 1st quarter. Intech Investment Management LLC now owns 83,994 shares of the real estate investment trust’s stock valued at $1,344,000 after acquiring an additional 21,035 shares in the last quarter. Finally, Creative Planning raised its stake in shares of Douglas Emmett by 6.7% in the 2nd quarter. Creative Planning now owns 21,024 shares of the real estate investment trust’s stock worth $316,000 after buying an additional 1,317 shares in the last quarter. Institutional investors own 97.37% of the company’s stock.
Douglas Emmett Stock Performance
Shares of NYSE DEI opened at $12.33 on Friday. The company has a quick ratio of 2.63, a current ratio of 2.63 and a debt-to-equity ratio of 1.62. The stock has a market capitalization of $2.06 billion, a price-to-earnings ratio of -72.50, a PEG ratio of 6.48 and a beta of 1.16. The stock’s fifty day simple moving average is $11.08 and its 200 day simple moving average is $10.84. Douglas Emmett, Inc. has a 52-week low of $9.04 and a 52-week high of $16.99.
Douglas Emmett Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 6.2%. The ex-dividend date is Tuesday, June 30th. Douglas Emmett’s payout ratio is presently -447.06%.
Analyst Ratings Changes
A number of analysts have recently commented on DEI shares. Citigroup boosted their price objective on Douglas Emmett from $10.00 to $12.00 and gave the stock a “neutral” rating in a research note on Monday, May 11th. Piper Sandler dropped their price objective on Douglas Emmett from $14.00 to $11.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 17th. Weiss Ratings downgraded Douglas Emmett from a “sell (d+)” rating to a “sell (d)” rating in a research note on Monday, May 4th. Evercore set a $14.00 price objective on Douglas Emmett in a research note on Monday. Finally, Cantor Fitzgerald boosted their price objective on Douglas Emmett from $11.00 to $12.00 and gave the stock a “neutral” rating in a research note on Monday, May 11th. One research analyst has rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Douglas Emmett presently has a consensus rating of “Hold” and an average target price of $13.50.
Check Out Our Latest Stock Analysis 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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