Massachusetts Financial Services Co. MA Has $147.44 Million Holdings in Douglas Emmett, Inc. (NYSE:DEI)

Massachusetts Financial Services Co. MA boosted its stake in Douglas Emmett, Inc. (NYSE:DEI) by 1.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,943,811 shares of the real estate investment trust’s stock after buying an additional 125,727 shares during the quarter. Massachusetts Financial Services Co. MA’s holdings in Douglas Emmett were worth $147,437,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Summit Financial LLC bought a new stake in shares of Douglas Emmett in the 4th quarter worth about $2,052,000. Pictet Asset Management Holding SA grew its stake in Douglas Emmett by 8.9% during the fourth quarter. Pictet Asset Management Holding SA now owns 53,832 shares of the real estate investment trust’s stock worth $999,000 after buying an additional 4,413 shares during the last quarter. Nomura Asset Management Co. Ltd. increased its holdings in shares of Douglas Emmett by 4.8% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 221,500 shares of the real estate investment trust’s stock worth $4,111,000 after buying an additional 10,100 shares in the last quarter. New Age Alpha Advisors LLC bought a new stake in Douglas Emmett during the 4th quarter worth approximately $1,897,000. Finally, Norges Bank acquired a new stake in Douglas Emmett during the 4th quarter valued at $23,526,000. 97.37% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on DEI. Jefferies Financial Group began coverage on Douglas Emmett in a report on Monday, March 17th. They set a “hold” rating and a $16.00 target price on the stock. Janney Montgomery Scott reaffirmed a “neutral” rating on shares of Douglas Emmett in a research note on Wednesday, January 15th. Wedbush raised shares of Douglas Emmett from a “neutral” rating to an “outperform” rating and increased their price target for the company from $19.00 to $21.00 in a research note on Thursday, January 2nd. StockNews.com lowered shares of Douglas Emmett from a “hold” rating to a “sell” rating in a report on Thursday, February 6th. Finally, Piper Sandler raised Douglas Emmett from a “neutral” rating to an “overweight” rating and set a $20.00 price objective on the stock in a report on Monday, January 13th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, Douglas Emmett currently has an average rating of “Hold” and a consensus price target of $18.50.

Douglas Emmett Price Performance

Shares of DEI stock opened at $14.25 on Friday. The firm’s 50 day moving average price is $16.69 and its two-hundred day moving average price is $17.74. The company has a debt-to-equity ratio of 1.50, a quick ratio of 4.09 and a current ratio of 4.32. Douglas Emmett, Inc. has a 52-week low of $12.50 and a 52-week high of $20.50. The stock has a market cap of $2.39 billion, a PE ratio of 109.60 and a beta of 1.13.

Douglas Emmett (NYSE:DEI) last posted its quarterly earnings results on Tuesday, February 4th. The real estate investment trust reported $0.38 earnings per share (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%. As a group, analysts forecast that Douglas Emmett, Inc. will post 1.45 EPS for the current year.

Douglas Emmett Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be given a $0.19 dividend. The ex-dividend date is Monday, March 31st. This represents a $0.76 dividend on an annualized basis and a dividend yield of 5.33%. Douglas Emmett’s dividend payout ratio is 584.62%.

About Douglas Emmett

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.