20,719 Shares in Douglas Emmett, Inc. (NYSE:DEI) Purchased by Capital Fund Management S.A.

Capital Fund Management S.A. bought a new position in Douglas Emmett, Inc. (NYSE:DEI) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 20,719 shares of the real estate investment trust’s stock, valued at approximately $385,000.

Several other institutional investors and hedge funds have also recently modified their holdings of DEI. FMR LLC raised its stake in Douglas Emmett by 59.6% in the fourth quarter. FMR LLC now owns 7,794,304 shares of the real estate investment trust’s stock valued at $144,662,000 after purchasing an additional 2,910,490 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of Douglas Emmett by 130.6% during the 4th quarter. JPMorgan Chase & Co. now owns 2,684,597 shares of the real estate investment trust’s stock valued at $49,826,000 after buying an additional 1,520,348 shares in the last quarter. Norges Bank bought a new stake in shares of Douglas Emmett during the 4th quarter worth $23,526,000. Raymond James Financial Inc. purchased a new position in Douglas Emmett in the fourth quarter worth $7,829,000. Finally, Advisors Preferred LLC bought a new position in Douglas Emmett in the fourth quarter valued at $4,028,000. Hedge funds and other institutional investors own 97.37% of the company’s stock.

Douglas Emmett Stock Performance

Shares of NYSE:DEI opened at $13.78 on Thursday. The company has a current ratio of 4.32, a quick ratio of 4.09 and a debt-to-equity ratio of 1.50. The company has a market cap of $2.31 billion, a price-to-earnings ratio of 106.01 and a beta of 1.09. Douglas Emmett, Inc. has a 12 month low of $12.39 and a 12 month high of $20.50. The company has a 50-day moving average price of $15.84 and a 200-day moving average price of $17.48.

Douglas Emmett (NYSE:DEI) last issued its quarterly earnings data on Tuesday, February 4th. The real estate investment trust reported $0.38 earnings per share for the quarter, topping analysts’ consensus estimates 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, equities analysts anticipate that Douglas Emmett, Inc. will post 1.45 EPS for the current year.

Douglas Emmett Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were given a $0.19 dividend. The ex-dividend date was Monday, March 31st. This represents a $0.76 annualized dividend and a dividend yield of 5.52%. Douglas Emmett’s dividend payout ratio is 584.62%.

Analysts Set New Price Targets

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

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.