OFI Invest Asset Management Invests $229,000 in Douglas Emmett, Inc. (NYSE:DEI)

OFI Invest Asset Management purchased a new position in Douglas Emmett, Inc. (NYSE:DEI) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 12,754 shares of the real estate investment trust’s stock, valued at approximately $229,000.

A number of other institutional investors have also recently made changes to their positions in DEI. Amundi grew its holdings in shares of Douglas Emmett by 47.7% during 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. Inceptionr LLC bought a new position in shares of Douglas Emmett during the 4th quarter valued at $244,000. Raymond James Financial Inc. bought a new position in shares of Douglas Emmett during the 4th quarter valued at $7,829,000. Dana Investment Advisors Inc. grew its holdings in shares of Douglas Emmett by 49.2% during the 4th quarter. Dana Investment Advisors Inc. now owns 187,391 shares of the real estate investment trust’s stock valued at $3,478,000 after purchasing an additional 61,778 shares during the last quarter. Finally, Proficio Capital Partners LLC bought a new position in shares of Douglas Emmett during the 4th quarter valued at $602,000. Institutional investors own 97.37% of the company’s stock.

Douglas Emmett Price Performance

Shares of Douglas Emmett stock opened at $16.79 on Tuesday. The company’s fifty day simple moving average is $17.30 and its two-hundred day simple moving average is $17.77. Douglas Emmett, Inc. has a 12-month low of $12.50 and a 12-month high of $20.50. The company has a quick ratio of 4.09, a current ratio of 4.32 and a debt-to-equity ratio of 1.50. The firm has a market cap of $2.81 billion, a PE ratio of 129.16 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 EPS for the quarter, topping 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, equities analysts expect that Douglas Emmett, Inc. will post 1.45 EPS for the current year.

Douglas Emmett Dividend Announcement

The business also recently announced 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. The ex-dividend date is Monday, March 31st. This represents a $0.76 annualized dividend and a dividend yield of 4.53%. Douglas Emmett’s dividend payout ratio is 584.62%.

Analysts Set New Price Targets

Several research firms recently commented on DEI. StockNews.com lowered shares of Douglas Emmett from a “hold” rating to a “sell” rating in a report on Thursday, February 6th. Scotiabank raised shares of Douglas Emmett from a “sector perform” rating to a “sector outperform” rating and increased their target price for the company from $16.00 to $21.00 in a report on Thursday, November 14th. Jefferies Financial Group increased their target price 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. Janney Montgomery Scott reissued a “neutral” rating on shares of Douglas Emmett in a report on Wednesday, January 15th. Finally, Piper Sandler raised shares of 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. One analyst has rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $18.75.

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.