Hillcrest Wealth Advisors NY LLC Acquires Shares of 13,227 Douglas Emmett, Inc. (NYSE:DEI)

Hillcrest Wealth Advisors NY LLC bought a new position in Douglas Emmett, Inc. (NYSE:DEI) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 13,227 shares of the real estate investment trust’s stock, valued at approximately $245,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in DEI. Dimensional Fund Advisors LP lifted its position in Douglas Emmett by 8.1% during the second quarter. Dimensional Fund Advisors LP now owns 2,495,263 shares of the real estate investment trust’s stock valued at $33,212,000 after purchasing an additional 186,385 shares during the last quarter. Sei Investments Co. lifted its holdings in shares of Douglas Emmett by 91.4% in the 2nd quarter. Sei Investments Co. now owns 89,505 shares of the real estate investment trust’s stock valued at $1,191,000 after acquiring an additional 42,733 shares during the last quarter. Public Sector Pension Investment Board lifted its holdings in shares of Douglas Emmett by 7.8% in the 2nd quarter. Public Sector Pension Investment Board now owns 368,259 shares of the real estate investment trust’s stock valued at $4,902,000 after acquiring an additional 26,498 shares during the last quarter. Xponance Inc. purchased a new position in Douglas Emmett in the second quarter worth about $137,000. Finally, Squarepoint Ops LLC increased its stake in Douglas Emmett by 91.8% during the second quarter. Squarepoint Ops LLC now owns 119,762 shares of the real estate investment trust’s stock worth $1,594,000 after acquiring an additional 57,306 shares during the last quarter. 97.37% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

DEI has been the subject of several analyst reports. Scotiabank raised Douglas Emmett from a “sector perform” rating to a “sector outperform” rating and raised their price objective for the company from $16.00 to $21.00 in a research note on Thursday, November 14th. Evercore ISI raised their price target on Douglas Emmett from $16.00 to $19.00 and gave the stock an “in-line” rating in a research report on Thursday, November 7th. Janney Montgomery Scott reiterated a “neutral” rating on shares of Douglas Emmett in a research report on Wednesday, January 15th. 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 report on Monday, January 13th. Finally, Wedbush upgraded shares of Douglas Emmett from a “neutral” rating to an “outperform” rating and upped their price target for the company from $19.00 to $21.00 in a report on Thursday, January 2nd. 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 stock has a consensus rating of “Hold” and an average target price of $18.75.

Douglas Emmett Stock Performance

Douglas Emmett stock opened at $17.23 on Friday. The company has a debt-to-equity ratio of 1.51, a quick ratio of 4.09 and a current ratio of 4.09. The company has a market capitalization of $2.88 billion, a PE ratio of -172.30 and a beta of 1.11. The company has a 50 day moving average price of $18.54 and a 200-day moving average price of $17.26. Douglas Emmett, Inc. has a fifty-two week low of $12.35 and a fifty-two week high of $20.50.

Douglas Emmett (NYSE:DEI) last issued its earnings results on Monday, November 4th. The real estate investment trust reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.38). The firm had revenue of $250.75 million for the quarter, compared to the consensus estimate of $242.75 million. Douglas Emmett had a negative net margin of 1.68% and a negative return on equity of 0.43%. The company’s revenue for the quarter was down 1.8% on a year-over-year basis. During the same period last year, the firm earned $0.45 earnings per share. As a group, equities analysts forecast that Douglas Emmett, Inc. will post 1.7 earnings per share for the current year.

Douglas Emmett Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were paid a dividend of $0.19 per share. The ex-dividend date was Tuesday, December 31st. This represents a $0.76 dividend on an annualized basis and a dividend yield of 4.41%. Douglas Emmett’s dividend payout ratio is presently -760.00%.

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.