Caxton Associates LP acquired a new position in shares of Douglas Emmett, Inc. (NYSE:DEI – Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm acquired 70,243 shares of the real estate investment trust’s stock, valued at approximately $974,000.
A number of other institutional investors and hedge funds have also bought and sold shares of DEI. Norges Bank purchased a new position in shares of Douglas Emmett during the fourth quarter valued at $26,467,000. Centersquare Investment Management LLC increased its position in Douglas Emmett by 20.8% during the 1st quarter. Centersquare Investment Management LLC now owns 4,363,009 shares of the real estate investment trust’s stock valued at $59,817,000 after purchasing an additional 751,419 shares during the period. First Pacific Advisors LP boosted its stake 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. Goldman Sachs Group Inc. raised its position in shares of Douglas Emmett by 20.9% in the 4th quarter. Goldman Sachs Group Inc. now owns 3,037,437 shares of the real estate investment trust’s stock worth $44,043,000 after acquiring an additional 525,831 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA raised its stake in shares of Douglas Emmett by 12.6% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 3,119,643 shares of the real estate investment trust’s stock worth $45,235,000 after acquiring an additional 349,034 shares in the last quarter. 97.37% of the stock is owned by institutional investors.
Analysts Set New Price Targets
Separately, StockNews.com raised shares of Douglas Emmett from a “sell” rating to a “hold” rating in a report on Monday, May 20th. One research analyst has rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $13.67.
Douglas Emmett Price Performance
NYSE:DEI remained flat at $15.63 during trading hours on Tuesday. 272,441 shares of the company’s stock traded hands, compared to its average volume of 1,685,862. The company’s 50-day moving average is $13.83 and its 200 day moving average is $13.70. Douglas Emmett, Inc. has a 12 month low of $10.76 and a 12 month high of $16.12. The company has a current ratio of 4.42, a quick ratio of 4.42 and a debt-to-equity ratio of 1.45.
Douglas Emmett Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 16th. Stockholders of record on Friday, June 28th were paid a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 4.86%. The ex-dividend date of this dividend was Friday, June 28th. Douglas Emmett’s payout ratio is -245.16%.
Insiders Place Their Bets
In related news, Director William E. Simon, Jr. bought 45,000 shares of the company’s stock in a transaction that occurred on Monday, June 10th. The shares were purchased at an average cost of $13.15 per share, with a total value of $591,750.00. Following the completion of the acquisition, the director now directly 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 is available through the SEC website. 14.70% of the stock is currently owned by insiders.
Douglas Emmett 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.
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