Edgestream Partners L.P. Acquires New Position in Douglas Emmett, Inc. (NYSE:DEI)

Edgestream Partners L.P. purchased a new stake in Douglas Emmett, Inc. (NYSE:DEI) in the 1st quarter, HoldingsChannel.com reports. The firm purchased 139,366 shares of the real estate investment trust’s stock, valued at approximately $2,230,000.

Several other large investors have also recently modified their holdings of DEI. Summit Investment Advisors Inc. raised its position in shares of Douglas Emmett by 4.6% in the fourth quarter. Summit Investment Advisors Inc. now owns 16,895 shares of the real estate investment trust’s stock valued at $314,000 after buying an additional 738 shares during the last quarter. FIL Ltd increased its holdings in shares of Douglas Emmett by 19.0% in the 4th quarter. FIL Ltd now owns 5,546 shares of the real estate investment trust’s stock valued at $103,000 after acquiring an additional 884 shares during the period. Xponance Inc. grew its position in Douglas Emmett by 8.6% in the 4th quarter. Xponance Inc. now owns 11,634 shares of the real estate investment trust’s stock valued at $216,000 after buying an additional 920 shares during the last quarter. HighTower Advisors LLC boosted its position in shares of Douglas Emmett by 6.9% during the 4th quarter. HighTower Advisors LLC now owns 14,257 shares of the real estate investment trust’s stock worth $265,000 after purchasing an additional 922 shares in the last quarter. Finally, Nissay Asset Management Corp Japan ADV boosted its position in shares of Douglas Emmett by 4.0% in the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 25,333 shares of the real estate investment trust’s stock worth $472,000 after buying an additional 978 shares in the last quarter. Institutional investors own 97.37% of the company’s stock.

Douglas Emmett Stock Performance

Shares of DEI opened at $15.71 on Friday. Douglas Emmett, Inc. has a 52 week low of $12.39 and a 52 week high of $20.50. The stock has a market cap of $2.63 billion, a P/E ratio of 49.10 and a beta of 1.23. The business’s 50 day moving average price is $14.93 and its 200-day moving average price is $15.73. The company has a quick ratio of 3.89, a current ratio of 3.89 and a debt-to-equity ratio of 1.54.

Douglas Emmett (NYSE:DEI) last released its quarterly earnings data on Tuesday, May 6th. The real estate investment trust reported $0.40 EPS for the quarter, beating the consensus estimate of $0.39 by $0.01. Douglas Emmett had a net margin of 5.48% and a return on equity of 1.48%. The business had revenue of $251.54 million during the quarter, compared to the consensus estimate of $246.49 million. During the same quarter in the prior year, the firm earned $0.45 EPS. The business’s revenue was up 2.9% on a year-over-year basis. Equities research analysts anticipate that Douglas Emmett, Inc. will post 1.45 earnings per share for the current fiscal year.

Douglas Emmett Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th were issued a $0.19 dividend. The ex-dividend date of this dividend was Monday, June 30th. This represents a $0.76 dividend on an annualized basis and a yield of 4.84%. Douglas Emmett’s payout ratio is 237.50%.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. Scotiabank dropped their price objective on shares of Douglas Emmett from $21.00 to $19.00 and set a “sector outperform” rating for the company in a research note on Monday. BMO Capital Markets set a $17.00 target price on Douglas Emmett and gave the stock a “market perform” rating in a report on Wednesday. Wall Street Zen raised Douglas Emmett from a “sell” rating to a “hold” rating in a research note on Monday, May 12th. Piper Sandler cut their price target on Douglas Emmett from $20.00 to $18.00 and set an “overweight” rating for the company in a report on Friday, May 23rd. Finally, Wells Fargo & Company decreased their target price on Douglas Emmett from $20.00 to $16.00 and set an “overweight” rating on the stock in a report on Monday, May 19th. Seven equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $17.78.

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.