Raleigh Capital Management Inc. Has $93,000 Position in Douglas Emmett, Inc. (NYSE:DEI)

Raleigh Capital Management Inc. lifted its holdings in shares of Douglas Emmett, Inc. (NYSE:DEI) by 30.4% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 5,028 shares of the real estate investment trust’s stock after buying an additional 1,172 shares during the period. Raleigh Capital Management Inc.’s holdings in Douglas Emmett were worth $93,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of DEI. Venturi Wealth Management LLC bought a new position in Douglas Emmett in the third quarter valued at approximately $48,000. Quarry LP grew its stake in shares of Douglas Emmett by 155.0% in the second quarter. Quarry LP now owns 4,121 shares of the real estate investment trust’s stock valued at $55,000 after buying an additional 2,505 shares in the last quarter. Blue Trust Inc. grew its stake in shares of Douglas Emmett by 1,081.5% in the third quarter. Blue Trust Inc. now owns 3,710 shares of the real estate investment trust’s stock valued at $65,000 after buying an additional 3,396 shares in the last quarter. GAMMA Investing LLC increased its holdings in Douglas Emmett by 44.6% during the third quarter. GAMMA Investing LLC now owns 3,811 shares of the real estate investment trust’s stock worth $67,000 after buying an additional 1,175 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. raised its position in Douglas Emmett by 34.8% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 6,497 shares of the real estate investment trust’s stock worth $114,000 after acquiring an additional 1,677 shares in the last quarter. Institutional investors own 97.37% of the company’s stock.

Douglas Emmett Stock Performance

DEI opened at $17.13 on Friday. The company has a debt-to-equity ratio of 1.51, a current ratio of 4.09 and a quick ratio of 4.09. The business has a fifty day simple moving average of $18.59 and a 200 day simple moving average of $17.24. Douglas Emmett, Inc. has a 1 year low of $12.35 and a 1 year high of $20.50. The company has a market capitalization of $2.87 billion, a PE ratio of -171.28 and a beta of 1.11.

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

Douglas Emmett Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were issued a dividend of $0.19 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $0.76 annualized dividend and a dividend yield of 4.44%. Douglas Emmett’s dividend payout ratio is presently -760.00%.

Wall Street Analyst Weigh In

DEI has been the subject of a number of analyst reports. Scotiabank upgraded shares of Douglas Emmett from a “sector perform” rating to a “sector outperform” rating and boosted their price objective for the stock from $16.00 to $21.00 in a research note on Thursday, November 14th. Evercore ISI boosted 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. Jefferies Financial Group raised their price objective on Douglas Emmett from $17.00 to $18.00 and gave the company a “hold” rating in a research report on Thursday, January 2nd. Wedbush raised Douglas Emmett from a “neutral” rating to an “outperform” rating and boosted their target price for the stock from $19.00 to $21.00 in a report on Thursday, January 2nd. Finally, Piper Sandler raised Douglas Emmett from a “neutral” rating to an “overweight” rating and set a $20.00 price target for the company in a report on Monday, January 13th. Six analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $18.75.

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.