Stifel Financial Corp Buys 1,193 Shares of Douglas Emmett, Inc. (NYSE:DEI)

Stifel Financial Corp grew its stake in Douglas Emmett, Inc. (NYSE:DEI) by 6.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,976 shares of the real estate investment trust’s stock after acquiring an additional 1,193 shares during the period. Stifel Financial Corp’s holdings in Douglas Emmett were worth $352,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. JPMorgan Chase & Co. grew its holdings in shares of Douglas Emmett by 130.6% in the 4th quarter. JPMorgan Chase & Co. now owns 2,684,597 shares of the real estate investment trust’s stock valued at $49,826,000 after acquiring an additional 1,520,348 shares in the last quarter. Empowered Funds LLC acquired a new stake in Douglas Emmett in the 4th quarter valued at about $412,000. Principal Financial Group Inc. lifted its stake in Douglas Emmett by 2.9% in the 4th quarter. Principal Financial Group Inc. now owns 811,655 shares of the real estate investment trust’s stock valued at $15,064,000 after purchasing an additional 22,878 shares during the last quarter. Cibc World Markets Corp acquired a new stake in Douglas Emmett in the 4th quarter valued at about $281,000. Finally, Amundi lifted its stake in Douglas Emmett by 47.7% in the 4th quarter. Amundi now owns 170,038 shares of the real estate investment trust’s stock valued at $2,874,000 after purchasing an additional 54,899 shares during the last quarter. Institutional investors own 97.37% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on DEI shares. Jefferies Financial Group started coverage on shares of Douglas Emmett in a research note on Monday, March 17th. They issued a “hold” rating and a $16.00 target price for the company. Janney Montgomery Scott reiterated a “neutral” rating on shares of Douglas Emmett in a research note on Wednesday, January 15th. Finally, StockNews.com upgraded shares of Douglas Emmett from a “sell” rating to a “hold” rating in a research note on Monday. Six equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $18.50.

Douglas Emmett Trading Down 1.5%

Shares of DEI stock opened at $14.81 on Wednesday. The company has a quick ratio of 4.09, a current ratio of 4.32 and a debt-to-equity ratio of 1.50. Douglas Emmett, Inc. has a 12-month low of $12.39 and a 12-month high of $20.50. The firm has a 50 day moving average price of $14.86 and a two-hundred day moving average price of $16.97. The company has a market capitalization of $2.48 billion, a PE ratio of 113.93 and a beta of 1.21.

Douglas Emmett (NYSE:DEI) last posted its earnings results on Tuesday, May 6th. The real estate investment trust reported $0.40 earnings per share for the quarter, topping analysts’ consensus estimates of $0.39 by $0.01. The firm had revenue of $251.54 million for the quarter, compared to analysts’ expectations of $246.49 million. Douglas Emmett had a net margin of 2.38% and a return on equity of 0.63%. The company’s revenue was up 2.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.45 earnings per share. As a group, analysts predict that Douglas Emmett, Inc. will post 1.45 earnings per share for the current year.

Douglas Emmett Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 5.13%. The ex-dividend date was Monday, March 31st. Douglas Emmett’s payout ratio is presently 237.50%.

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.