Intech Investment Management LLC Has $1.17 Million Stock Position in Douglas Emmett, Inc. (NYSE:DEI)

Intech Investment Management LLC lifted its position in Douglas Emmett, Inc. (NYSE:DEI) by 70.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 62,959 shares of the real estate investment trust’s stock after buying an additional 25,962 shares during the quarter. Intech Investment Management LLC’s holdings in Douglas Emmett were worth $1,169,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the company. GAMMA Investing LLC lifted its stake in shares of Douglas Emmett by 19.7% in the fourth quarter. GAMMA Investing LLC now owns 4,561 shares of the real estate investment trust’s stock worth $85,000 after buying an additional 750 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. increased its position in Douglas Emmett by 0.5% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 182,461 shares of the real estate investment trust’s stock worth $3,386,000 after acquiring an additional 860 shares during the period. HighTower Advisors LLC increased its position in Douglas Emmett by 6.9% during the fourth quarter. HighTower Advisors LLC now owns 14,257 shares of the real estate investment trust’s stock worth $265,000 after acquiring an additional 922 shares during the period. Raleigh Capital Management Inc. increased its holdings in Douglas Emmett by 30.4% in the 4th quarter. Raleigh Capital Management Inc. now owns 5,028 shares of the real estate investment trust’s stock valued at $93,000 after buying an additional 1,172 shares during the period. Finally, Nomura Asset Management Co. Ltd. increased its holdings in Douglas Emmett by 0.6% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 211,400 shares of the real estate investment trust’s stock valued at $3,714,000 after buying an additional 1,300 shares during the period. 97.37% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Douglas Emmett Stock Down 1.7 %

DEI opened at $15.97 on Friday. The firm’s 50-day simple moving average is $16.96 and its 200-day simple moving average is $17.76. 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 twelve month low of $12.50 and a twelve month high of $20.50. The firm has a market cap of $2.67 billion, a price-to-earnings ratio of 122.82 and a beta of 1.13.

Douglas Emmett (NYSE:DEI) last issued 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 net margin of 2.38% and a return on equity of 0.63%. Equities research analysts anticipate that Douglas Emmett, Inc. will post 1.45 EPS for the current fiscal year.

Douglas Emmett Announces Dividend

The business 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 dividend of $0.19 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.76 annualized dividend and a yield of 4.76%. Douglas Emmett’s dividend payout ratio (DPR) is 584.62%.

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.