Proficio Capital Partners LLC Takes $602,000 Position in Douglas Emmett, Inc. (NYSE:DEI)

Proficio Capital Partners LLC acquired a new position in Douglas Emmett, Inc. (NYSE:DEI) in the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 32,426 shares of the real estate investment trust’s stock, valued at approximately $602,000.

A number of other institutional investors also recently added to or reduced their stakes in the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Douglas Emmett by 379.1% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,085,427 shares of the real estate investment trust’s stock valued at $19,071,000 after purchasing an additional 858,857 shares in the last quarter. FMR LLC grew its holdings in shares of Douglas Emmett by 8.5% in the 3rd quarter. FMR LLC now owns 4,883,814 shares of the real estate investment trust’s stock valued at $85,809,000 after buying an additional 384,371 shares during the period. NFJ Investment Group LLC acquired a new stake in Douglas Emmett during the 3rd quarter worth approximately $6,210,000. Advisors Preferred LLC acquired a new stake in shares of Douglas Emmett in the fourth quarter valued at approximately $4,028,000. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Douglas Emmett by 3.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 3,797,822 shares of the real estate investment trust’s stock valued at $66,728,000 after acquiring an additional 127,274 shares during the last quarter. 97.37% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

DEI has been the subject of a number of research reports. Jefferies Financial Group began coverage on shares of Douglas Emmett in a research note on Monday, March 17th. They set a “hold” rating and a $16.00 target price for the company. Janney Montgomery Scott reaffirmed a “neutral” rating on shares of Douglas Emmett in a research note on Wednesday, January 15th. Piper Sandler raised Douglas Emmett from a “neutral” rating to an “overweight” rating and set a $20.00 price objective on the stock in a research note on Monday, January 13th. StockNews.com cut shares of Douglas Emmett from a “hold” rating to a “sell” rating in a report on Thursday, February 6th. Finally, Wedbush upgraded shares of Douglas Emmett from a “neutral” rating to an “outperform” rating and lifted their price objective for the company from $19.00 to $21.00 in a report on Thursday, January 2nd. One equities research 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’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $18.50.

Douglas Emmett Stock Performance

Shares of DEI stock opened at $15.97 on Monday. Douglas Emmett, Inc. has a 52 week low of $12.50 and a 52 week high of $20.50. The company has a debt-to-equity ratio of 1.50, a quick ratio of 4.09 and a current ratio of 4.32. The firm’s 50-day simple moving average is $16.96 and its two-hundred day simple moving average is $17.77. 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 announced its quarterly earnings data on Tuesday, February 4th. The real estate investment trust reported $0.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.44. Douglas Emmett had a net margin of 2.38% and a return on equity of 0.63%. As a group, equities analysts forecast that Douglas Emmett, Inc. will post 1.45 earnings per share for the current year.

Douglas Emmett Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be given a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 4.76%. The ex-dividend date is Monday, March 31st. Douglas Emmett’s dividend payout ratio is currently 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.