Inceptionr LLC Buys Shares of 13,144 Douglas Emmett, Inc. (NYSE:DEI)

Inceptionr LLC purchased a new position in Douglas Emmett, Inc. (NYSE:DEI) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 13,144 shares of the real estate investment trust’s stock, valued at approximately $244,000.

Several other institutional investors have also modified their holdings of DEI. Venturi Wealth Management LLC acquired a new position in shares of Douglas Emmett in the third quarter worth $48,000. Smartleaf Asset Management LLC grew its stake in shares of Douglas Emmett by 222.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 4,252 shares of the real estate investment trust’s stock worth $79,000 after acquiring an additional 2,933 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of Douglas Emmett by 19.7% in the fourth quarter. GAMMA Investing LLC now owns 4,561 shares of the real estate investment trust’s stock worth $85,000 after acquiring an additional 750 shares in the last quarter. Raleigh Capital Management Inc. grew its stake in shares of Douglas Emmett by 30.4% in the fourth quarter. Raleigh Capital Management Inc. now owns 5,028 shares of the real estate investment trust’s stock worth $93,000 after acquiring an additional 1,172 shares in the last quarter. Finally, KBC Group NV grew its stake in shares of Douglas Emmett by 41.1% in the fourth quarter. KBC Group NV now owns 6,926 shares of the real estate investment trust’s stock worth $129,000 after acquiring an additional 2,018 shares in the last quarter. Institutional investors and hedge funds own 97.37% of the company’s stock.

Douglas Emmett Stock Performance

NYSE DEI opened at $16.79 on Tuesday. The company has a debt-to-equity ratio of 1.50, a current ratio of 4.32 and a quick ratio of 4.09. Douglas Emmett, Inc. has a 1 year low of $12.50 and a 1 year high of $20.50. The company has a market capitalization of $2.81 billion, a PE ratio of 129.16 and a beta of 1.13. The company has a fifty day moving average of $17.30 and a two-hundred day moving average of $17.77.

Douglas Emmett (NYSE:DEI) last released its quarterly earnings data on Tuesday, February 4th. The real estate investment trust reported $0.38 earnings per share (EPS) 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, analysts expect that Douglas Emmett, Inc. will post 1.45 earnings per share for the current year.

Douglas Emmett Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be issued a $0.19 dividend. The ex-dividend date is Monday, March 31st. This represents a $0.76 dividend on an annualized basis and a dividend yield of 4.53%. Douglas Emmett’s payout ratio is 584.62%.

Analyst Ratings Changes

Several equities analysts have commented on DEI shares. Jefferies Financial Group boosted their price target on shares of Douglas Emmett from $17.00 to $18.00 and gave the stock a “hold” rating in a research note on Thursday, January 2nd. Piper Sandler upgraded shares of Douglas Emmett from a “neutral” rating to an “overweight” rating and set a $20.00 target price for the company in a research note on Monday, January 13th. Scotiabank upgraded shares of Douglas Emmett from a “sector perform” rating to a “sector outperform” rating and boosted their target price for the stock from $16.00 to $21.00 in a research note on Thursday, November 14th. Janney Montgomery Scott reiterated a “neutral” rating on shares of Douglas Emmett in a research note on Wednesday, January 15th. Finally, StockNews.com downgraded shares of Douglas Emmett from a “hold” rating to a “sell” rating in a research note on Thursday, February 6th. One analyst has rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus 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.