Quantbot Technologies LP Raises Stake in Douglas Emmett, Inc. (NYSE:DEI)

Quantbot Technologies LP boosted its holdings in Douglas Emmett, Inc. (NYSE:DEI) by 89.6% during the fourth quarter, Holdings Channel.com reports. The firm owned 9,429 shares of the real estate investment trust’s stock after acquiring an additional 4,455 shares during the quarter. Quantbot Technologies LP’s holdings in Douglas Emmett were worth $175,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in DEI. GAMMA Investing LLC raised its position in shares of Douglas Emmett by 19.7% in the 4th quarter. GAMMA Investing LLC now owns 4,561 shares of the real estate investment trust’s stock worth $85,000 after purchasing an additional 750 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. raised its holdings in Douglas Emmett by 0.5% in 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 buying an additional 860 shares during the last quarter. Xponance Inc. lifted its stake in shares of Douglas Emmett by 8.6% in the fourth quarter. Xponance Inc. now owns 11,634 shares of the real estate investment trust’s stock worth $216,000 after buying an additional 920 shares in the last quarter. HighTower Advisors LLC grew its holdings in shares of 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 valued at $265,000 after buying an additional 922 shares during the last quarter. Finally, Raleigh Capital Management Inc. grew its holdings in shares of Douglas Emmett by 30.4% during the fourth 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 last quarter. Institutional investors own 97.37% of the company’s stock.

Douglas Emmett Stock Performance

DEI opened at $16.07 on Monday. 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 $2.69 billion, a price-to-earnings ratio of 123.66 and a beta of 1.13. The company’s 50 day moving average is $16.88 and its 200 day moving average is $17.79. Douglas Emmett, Inc. has a 12-month low of $12.50 and a 12-month 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 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%. On average, equities research analysts predict 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 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 4.73%. Douglas Emmett’s dividend payout ratio (DPR) is presently 584.62%.

Analysts Set New Price Targets

Several research firms recently issued reports on DEI. Janney Montgomery Scott reaffirmed a “neutral” rating on shares of Douglas Emmett in a research report on Wednesday, January 15th. StockNews.com downgraded Douglas Emmett from a “hold” rating to a “sell” rating in a report on Thursday, February 6th. Piper Sandler upgraded Douglas Emmett from a “neutral” rating to an “overweight” rating and set a $20.00 price objective for the company in a report on Monday, January 13th. Wedbush upgraded shares of Douglas Emmett from a “neutral” rating to an “outperform” rating and upped their target price for the company from $19.00 to $21.00 in a research note on Thursday, January 2nd. Finally, Jefferies Financial Group initiated coverage on shares of Douglas Emmett in a report on Monday, March 17th. They set a “hold” rating and a $16.00 price target on the stock. 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 stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $18.50.

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.