Sumitomo Mitsui DS Asset Management Company Ltd Boosts Holdings in Douglas Emmett, Inc. (NYSE:DEI)

Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in shares of Douglas Emmett, Inc. (NYSE:DEI) by 17.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 35,856 shares of the real estate investment trust’s stock after buying an additional 5,319 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Douglas Emmett were worth $665,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Venturi Wealth Management LLC acquired a new stake in shares of Douglas Emmett in the third quarter valued at $48,000. Blue Trust Inc. raised its position in Douglas Emmett by 1,081.5% in the 3rd quarter. Blue Trust Inc. now owns 3,710 shares of the real estate investment trust’s stock valued at $65,000 after purchasing an additional 3,396 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of Douglas Emmett by 44.6% in the 3rd quarter. GAMMA Investing LLC now owns 3,811 shares of the real estate investment trust’s stock valued at $67,000 after buying an additional 1,175 shares during the period. Raleigh Capital Management Inc. grew its position in shares of Douglas Emmett by 62.0% during the third quarter. Raleigh Capital Management Inc. now owns 3,856 shares of the real estate investment trust’s stock worth $68,000 after buying an additional 1,476 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Douglas Emmett by 34.8% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 6,497 shares of the real estate investment trust’s stock worth $114,000 after buying an additional 1,677 shares during the period. 97.37% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on DEI shares. Wedbush upgraded shares of Douglas Emmett from a “neutral” rating to an “outperform” rating and lifted their price target for the stock from $19.00 to $21.00 in a research note on Thursday, January 2nd. Piper Sandler raised shares of Douglas Emmett from a “neutral” rating to an “overweight” rating and set a $20.00 price objective for the company in a research report on Monday, January 13th. Evercore ISI increased their target price on Douglas Emmett from $16.00 to $19.00 and gave the company an “in-line” rating in a report on Thursday, November 7th. Janney Montgomery Scott reaffirmed a “neutral” rating on shares of Douglas Emmett in a report on Wednesday, January 15th. Finally, Jefferies Financial Group upped their price objective on Douglas Emmett from $17.00 to $18.00 and gave the stock a “hold” rating in a research report on Thursday, January 2nd. One analyst has rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $18.75.

Douglas Emmett Stock Down 0.0 %

DEI opened at $17.21 on Wednesday. Douglas Emmett, Inc. has a one year low of $12.35 and a one year high of $20.50. The company has a debt-to-equity ratio of 1.50, a quick ratio of 4.09 and a current ratio of 4.32. The stock has a market capitalization of $2.88 billion, a P/E ratio of 132.36 and a beta of 1.11. The business’s 50-day simple moving average is $18.26 and its 200-day simple moving average is $17.55.

Douglas Emmett (NYSE:DEI) last released its quarterly earnings results on Tuesday, February 4th. The real estate investment trust reported $0.38 EPS for the quarter, topping the consensus estimate of ($0.06) by $0.44. Douglas Emmett had a return on equity of 0.63% and a net margin of 2.38%. Analysts anticipate that Douglas Emmett, Inc. will post 1.44 EPS for the current year.

Douglas Emmett Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were paid a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 4.42%. The ex-dividend date was Tuesday, December 31st. Douglas Emmett’s dividend payout ratio is currently 584.66%.

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.