GSA Capital Partners LLP Acquires 91,305 Shares of Douglas Emmett, Inc. (NYSE:DEI)

GSA Capital Partners LLP raised its holdings in Douglas Emmett, Inc. (NYSE:DEI) by 356.7% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 116,902 shares of the real estate investment trust’s stock after buying an additional 91,305 shares during the quarter. GSA Capital Partners LLP owned about 0.07% of Douglas Emmett worth $1,621,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. Vanguard Group Inc. grew its position in shares of Douglas Emmett by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 26,187,297 shares of the real estate investment trust’s stock worth $379,716,000 after buying an additional 229,301 shares during the last quarter. Wellington Management Group LLP boosted its position in shares of Douglas Emmett by 1.7% during the fourth quarter. Wellington Management Group LLP now owns 9,358,733 shares of the real estate investment trust’s stock valued at $135,702,000 after purchasing an additional 156,761 shares in the last quarter. First Pacific Advisors LP boosted its position in shares of Douglas Emmett by 10.5% during the fourth quarter. First Pacific Advisors LP now owns 5,546,488 shares of the real estate investment trust’s stock valued at $80,424,000 after purchasing an additional 527,036 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Douglas Emmett by 5.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,446,670 shares of the real estate investment trust’s stock valued at $49,977,000 after purchasing an additional 164,754 shares in the last quarter. Finally, Hsbc Holdings PLC boosted its position in shares of Douglas Emmett by 8.0% during the fourth quarter. Hsbc Holdings PLC now owns 3,375,431 shares of the real estate investment trust’s stock valued at $49,403,000 after purchasing an additional 249,482 shares in the last quarter. 97.37% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

DEI has been the topic of several research reports. StockNews.com upgraded Douglas Emmett from a “sell” rating to a “hold” rating in a research report on Monday, May 20th. Piper Sandler dropped their price target on Douglas Emmett from $17.00 to $15.00 and set a “neutral” rating on the stock in a research report on Friday, March 22nd. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $13.67.

Douglas Emmett Stock Up 1.0 %

Douglas Emmett stock traded up $0.13 during mid-day trading on Wednesday, hitting $13.52. The company had a trading volume of 328,223 shares, compared to its average volume of 1,666,709. Douglas Emmett, Inc. has a 12 month low of $10.76 and a 12 month high of $16.12. The stock’s 50 day moving average price is $13.63 and its two-hundred day moving average price is $13.68. The company has a current ratio of 4.42, a quick ratio of 4.42 and a debt-to-equity ratio of 1.45. The company has a market capitalization of $2.26 billion, a PE ratio of -43.19 and a beta of 1.09.

Douglas Emmett Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 16th. Investors of record on Friday, June 28th will be given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 5.62%. The ex-dividend date of this dividend is Friday, June 28th. Douglas Emmett’s dividend payout ratio (DPR) is presently -245.16%.

Insider Activity at Douglas Emmett

In other news, Director William E. Simon, Jr. acquired 45,000 shares of Douglas Emmett stock in a transaction that occurred on Monday, June 10th. The stock was bought at an average price of $13.15 per share, for a total transaction of $591,750.00. Following the completion of the transaction, the director now owns 45,000 shares in the company, valued at $591,750. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 14.70% of the stock is owned by company insiders.

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.