Amundi Boosts Holdings in Douglas Emmett, Inc. (NYSE:DEI)

Amundi raised its stake in shares of Douglas Emmett, Inc. (NYSE:DEI) by 47.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 170,038 shares of the real estate investment trust’s stock after purchasing an additional 54,899 shares during the period. Amundi’s holdings in Douglas Emmett were worth $2,874,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Geode Capital Management LLC lifted its holdings in Douglas Emmett by 0.7% during the third quarter. Geode Capital Management LLC now owns 4,171,839 shares of the real estate investment trust’s stock valued at $73,312,000 after purchasing an additional 26,961 shares in the last quarter. Empowered Funds LLC acquired a new stake in shares of Douglas Emmett in the fourth quarter valued at about $412,000. Principal Financial Group Inc. raised its position in shares of Douglas Emmett by 2.9% in the fourth quarter. Principal Financial Group Inc. now owns 811,655 shares of the real estate investment trust’s stock valued at $15,064,000 after buying an additional 22,878 shares during the last quarter. KBC Group NV raised its position in shares of Douglas Emmett by 41.1% in the fourth quarter. KBC Group NV now owns 6,926 shares of the real estate investment trust’s stock valued at $129,000 after buying an additional 2,018 shares during the last quarter. Finally, Intech Investment Management LLC acquired a new stake in shares of Douglas Emmett in the third quarter valued at about $650,000. 97.37% of the stock is owned by hedge funds and other institutional investors.

Douglas Emmett Trading Up 1.6 %

Shares of DEI stock opened at $15.64 on Monday. The company has a debt-to-equity ratio of 1.50, a current ratio of 4.32 and a quick ratio of 4.09. The firm has a market cap of $2.62 billion, a PE ratio of 120.32 and a beta of 1.13. The company has a 50-day moving average of $17.07 and a two-hundred day moving average of $17.76. Douglas Emmett, Inc. has a 1-year low of $12.50 and a 1-year high of $20.50.

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

Douglas Emmett Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 4.86%. The ex-dividend date of this dividend is Monday, March 31st. Douglas Emmett’s dividend payout ratio (DPR) is presently 584.62%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on DEI shares. Jefferies Financial Group increased their target price on shares of Douglas Emmett from $17.00 to $18.00 and gave the company a “hold” rating in a research report on Thursday, January 2nd. StockNews.com cut shares of Douglas Emmett from a “hold” rating to a “sell” rating in a research report on Thursday, February 6th. Wedbush upgraded shares of Douglas Emmett from a “neutral” rating to an “outperform” rating and increased their target price for the company from $19.00 to $21.00 in a research report on Thursday, January 2nd. Piper Sandler upgraded shares of Douglas Emmett from a “neutral” rating to an “overweight” rating and set a $20.00 target price for the company in a research report on Monday, January 13th. Finally, Janney Montgomery Scott restated a “neutral” rating on shares of Douglas Emmett in a research report on Wednesday, January 15th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, Douglas Emmett has an average rating of “Hold” and a consensus price target of $18.75.

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.