Douglas Emmett, Inc. (NYSE:DEI) Shares Bought by Victory Capital Management Inc.

Victory Capital Management Inc. raised its position in Douglas Emmett, Inc. (NYSE:DEI) by 1.0% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 1,593,909 shares of the real estate investment trust’s stock after acquiring an additional 15,704 shares during the period. Victory Capital Management Inc.’s holdings in Douglas Emmett were worth $29,583,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the company. Bamco Inc. NY lifted its stake in shares of Douglas Emmett by 0.3% in the 3rd quarter. Bamco Inc. NY now owns 6,389,444 shares of the real estate investment trust’s stock worth $112,263,000 after acquiring an additional 20,000 shares during the period. FMR LLC lifted its stake in shares of Douglas Emmett by 8.5% in the 3rd quarter. FMR LLC now owns 4,883,814 shares of the real estate investment trust’s stock worth $85,809,000 after acquiring an additional 384,371 shares during the period. Geode Capital Management LLC lifted its stake in shares of Douglas Emmett by 0.7% in 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 period. Charles Schwab Investment Management Inc. lifted its stake in shares of Douglas Emmett by 0.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,812,708 shares of the real estate investment trust’s stock worth $70,764,000 after acquiring an additional 14,886 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Douglas Emmett by 379.1% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,085,427 shares of the real estate investment trust’s stock worth $19,071,000 after acquiring an additional 858,857 shares during the period. Institutional investors and hedge funds own 97.37% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. Wedbush upgraded shares of Douglas Emmett from a “neutral” rating to an “outperform” rating and increased their price target for the company from $19.00 to $21.00 in a report on Thursday, January 2nd. Jefferies Financial Group increased their price target on shares of Douglas Emmett from $17.00 to $18.00 and gave the company a “hold” rating in a report on Thursday, January 2nd. StockNews.com downgraded shares of Douglas Emmett from a “hold” rating to a “sell” rating in a report on Thursday, February 6th. Piper Sandler upgraded shares of 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. Finally, Janney Montgomery Scott reiterated a “neutral” rating on shares of Douglas Emmett in a report on Wednesday, January 15th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $18.75.

Douglas Emmett Stock Performance

NYSE:DEI opened at $17.38 on Monday. 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 50-day moving average price of $17.34 and a two-hundred day moving average price of $17.76. 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 $2.91 billion, a P/E ratio of 133.70 and a beta of 1.13.

Douglas Emmett (NYSE:DEI) last posted its earnings results on Tuesday, February 4th. The real estate investment trust reported $0.38 earnings per share 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%. As a group, research analysts expect that Douglas Emmett, Inc. will post 1.45 earnings per share for the current fiscal year.

Douglas Emmett Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be issued a dividend of $0.19 per share. The ex-dividend date is Monday, March 31st. This represents a $0.76 dividend on an annualized basis and a dividend yield of 4.37%. Douglas Emmett’s dividend payout ratio (DPR) is presently 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.