Pictet Asset Management Holding SA Raises Position in Douglas Emmett, Inc. (NYSE:DEI)

Pictet Asset Management Holding SA raised its holdings in shares of Douglas Emmett, Inc. (NYSE:DEI) by 8.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 53,832 shares of the real estate investment trust’s stock after buying an additional 4,413 shares during the quarter. Pictet Asset Management Holding SA’s holdings in Douglas Emmett were worth $999,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Geode Capital Management LLC lifted its holdings in shares of Douglas Emmett by 0.7% during the 3rd quarter. Geode Capital Management LLC now owns 4,171,839 shares of the real estate investment trust’s stock worth $73,312,000 after acquiring an additional 26,961 shares during the last quarter. Empowered Funds LLC purchased a new stake in Douglas Emmett during the fourth quarter valued at about $412,000. Principal Financial Group Inc. lifted its stake in Douglas Emmett by 2.9% during the fourth quarter. Principal Financial Group Inc. now owns 811,655 shares of the real estate investment trust’s stock worth $15,064,000 after purchasing an additional 22,878 shares during the last quarter. KBC Group NV lifted its stake in Douglas Emmett by 41.1% during the fourth quarter. KBC Group NV now owns 6,926 shares of the real estate investment trust’s stock worth $129,000 after purchasing an additional 2,018 shares during the last quarter. Finally, Amundi boosted its holdings in shares of Douglas Emmett by 47.7% in the 4th quarter. Amundi now owns 170,038 shares of the real estate investment trust’s stock worth $2,874,000 after purchasing an additional 54,899 shares in the last quarter. 97.37% of the stock is currently owned by institutional investors.

Douglas Emmett Price Performance

Shares of DEI opened at $14.25 on Monday. Douglas Emmett, Inc. has a 1-year low of $12.50 and a 1-year high of $20.50. The firm has a fifty day simple moving average of $16.69 and a two-hundred day simple moving average of $17.75. 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 firm has a market cap of $2.39 billion, a PE ratio of 109.60 and a beta of 1.13.

Douglas Emmett (NYSE:DEI) last posted its quarterly earnings data on Tuesday, February 4th. The real estate investment trust reported $0.38 EPS for the quarter, topping the consensus estimate of ($0.06) by $0.44. Douglas Emmett had a return on equity of 0.63% and a net margin of 2.38%. On average, equities analysts anticipate that Douglas Emmett, Inc. will post 1.45 EPS for the current year.

Douglas Emmett Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be paid a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 5.33%. The ex-dividend date of this dividend is Monday, March 31st. Douglas Emmett’s dividend payout ratio (DPR) is 584.62%.

Analysts Set New Price Targets

DEI has been the topic of a number of research reports. 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 report on Monday, January 13th. Janney Montgomery Scott reissued a “neutral” rating on shares of Douglas Emmett in a research note on Wednesday, January 15th. Wedbush upgraded shares of Douglas Emmett from a “neutral” rating to an “outperform” rating and boosted their price objective for the stock from $19.00 to $21.00 in a report on Thursday, January 2nd. Jefferies Financial Group began coverage on shares of Douglas Emmett in a report on Monday, March 17th. They set a “hold” rating and a $16.00 target price on the stock. Finally, StockNews.com downgraded shares of Douglas Emmett from a “hold” rating to a “sell” rating in a research note on Thursday, February 6th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, Douglas Emmett presently has an average rating of “Hold” and an average 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.