Caxton Associates LP Takes $974,000 Position in Douglas Emmett, Inc. (NYSE:DEI)

Caxton Associates LP acquired a new position in shares of Douglas Emmett, Inc. (NYSE:DEI) 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.