United Services Automobile Association Makes New Investment in Douglas Emmett, Inc. (NYSE:DEI)

United Services Automobile Association purchased a new stake in Douglas Emmett, Inc. (NYSE:DEI) in the 4th quarter, Holdings Channel reports. The fund purchased 10,853 shares of the real estate investment trust’s stock, valued at approximately $201,000.

A number of other institutional investors have also recently modified their holdings of DEI. Natixis Advisors LLC lifted its holdings in Douglas Emmett by 8.5% in the third quarter. Natixis Advisors LLC now owns 56,088 shares of the real estate investment trust’s stock valued at $985,000 after acquiring an additional 4,410 shares during the period. Intech Investment Management LLC purchased a new stake in Douglas Emmett during the third quarter worth about $650,000. Charles Schwab Investment Management Inc. boosted its holdings in Douglas Emmett by 3.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 3,797,822 shares of the real estate investment trust’s stock worth $66,728,000 after buying an additional 127,274 shares in the last quarter. Citigroup Inc. increased its holdings in Douglas Emmett by 43.0% in the third quarter. Citigroup Inc. now owns 227,814 shares of the real estate investment trust’s stock valued at $4,003,000 after buying an additional 68,507 shares in the last quarter. Finally, Swedbank AB increased its holdings in Douglas Emmett by 23.0% in the third quarter. Swedbank AB now owns 45,255 shares of the real estate investment trust’s stock valued at $795,000 after buying an additional 8,468 shares in the last quarter. 97.37% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on DEI shares. Piper Sandler upgraded Douglas Emmett from a “neutral” rating to an “overweight” rating and set a $20.00 price target on the stock in a report on Monday, January 13th. Janney Montgomery Scott reissued a “neutral” rating on shares of Douglas Emmett in a report on Wednesday, January 15th. StockNews.com downgraded Douglas Emmett from a “hold” rating to a “sell” rating in a research note on Thursday, February 6th. Jefferies Financial Group assumed coverage on shares of Douglas Emmett in a research note on Monday, March 17th. They issued a “hold” rating and a $16.00 price objective on the stock. Finally, Wedbush upgraded shares of Douglas Emmett from a “neutral” rating to an “outperform” rating and lifted their target price for the stock from $19.00 to $21.00 in a research report on Thursday, January 2nd. One analyst has rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $18.50.

Douglas Emmett Trading Up 4.2 %

Shares of DEI stock opened at $16.65 on Tuesday. Douglas Emmett, Inc. has a twelve month low of $12.50 and a twelve month high of $20.50. The company has a market capitalization of $2.79 billion, a price-to-earnings ratio of 128.05 and a beta of 1.13. The firm has a 50-day moving average price of $16.95 and a 200 day moving average price of $17.77. The company has a current ratio of 4.32, a quick ratio of 4.09 and a debt-to-equity ratio of 1.50.

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

Douglas Emmett Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be given a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 4.57%. The ex-dividend date of this dividend is Monday, March 31st. Douglas Emmett’s dividend payout ratio is currently 584.62%.

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.