Hillcrest Wealth Advisors NY LLC Makes New $245,000 Investment in Douglas Emmett, Inc. (NYSE:DEI)

Hillcrest Wealth Advisors NY LLC purchased a new stake in shares of Douglas Emmett, Inc. (NYSE:DEI) in the 4th quarter, HoldingsChannel reports. The fund purchased 13,227 shares of the real estate investment trust’s stock, valued at approximately $245,000.

Other institutional investors have also modified their holdings of the company. Venturi Wealth Management LLC purchased a new stake in Douglas Emmett during the 3rd quarter worth approximately $48,000. Blue Trust Inc. increased its holdings in shares of Douglas Emmett by 1,081.5% during 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 increased its holdings in Douglas Emmett by 44.6% in the third 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 in the last quarter. Raleigh Capital Management Inc. raised its stake in shares of Douglas Emmett by 62.0% during the 3rd 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 during the period. Finally, Quarry LP increased its stake in shares of Douglas Emmett by 155.0% during the second quarter. Quarry LP now owns 4,121 shares of the real estate investment trust’s stock worth $55,000 after purchasing an additional 2,505 shares in the last quarter. 97.37% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

DEI has been the topic of a number of research analyst reports. Piper Sandler raised Douglas Emmett from a “neutral” rating to an “overweight” rating and set a $20.00 price target on the stock in a research note on Monday, January 13th. Scotiabank upgraded Douglas Emmett from a “sector perform” rating to a “sector outperform” rating and boosted their target price for the stock from $16.00 to $21.00 in a report on Thursday, November 14th. Janney Montgomery Scott reissued a “neutral” rating on shares of Douglas Emmett in a report on Wednesday, January 15th. Jefferies Financial Group upped their price objective on Douglas Emmett from $17.00 to $18.00 and gave the company a “hold” rating in a report on Thursday, January 2nd. Finally, Wedbush upgraded Douglas Emmett from a “neutral” rating to an “outperform” rating and increased their price target for the stock from $19.00 to $21.00 in a report on Thursday, January 2nd. Six analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, Douglas Emmett presently has a consensus rating of “Hold” and an average target price of $18.75.

Douglas Emmett Stock Performance

Shares of DEI stock opened at $17.23 on Friday. The company has a market cap of $2.88 billion, a P/E ratio of -172.30 and a beta of 1.11. The firm has a fifty day moving average price of $18.54 and a 200 day moving average price of $17.26. The company has a current ratio of 4.09, a quick ratio of 4.09 and a debt-to-equity ratio of 1.51. Douglas Emmett, Inc. has a 12 month low of $12.35 and a 12 month high of $20.50.

Douglas Emmett (NYSE:DEI) last released its quarterly earnings data on Monday, November 4th. The real estate investment trust reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.38). Douglas Emmett had a negative return on equity of 0.43% and a negative net margin of 1.68%. The business had revenue of $250.75 million for the quarter, compared to analyst estimates of $242.75 million. During the same period in the prior year, the company posted $0.45 earnings per share. The company’s revenue was down 1.8% compared to the same quarter last year. Sell-side analysts predict that Douglas Emmett, Inc. will post 1.7 earnings per share for the current fiscal year.

Douglas Emmett Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were paid a $0.19 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $0.76 annualized dividend and a yield of 4.41%. Douglas Emmett’s dividend payout ratio is currently -760.00%.

Douglas Emmett 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.