Fox Run Management L.L.C. Boosts Stock Position in Douglas Emmett, Inc. (NYSE:DEI)

Fox Run Management L.L.C. lifted its stake in Douglas Emmett, Inc. (NYSE:DEI) by 143.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 29,985 shares of the real estate investment trust’s stock after acquiring an additional 17,689 shares during the period. Fox Run Management L.L.C.’s holdings in Douglas Emmett were worth $557,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the stock. Bamco Inc. NY boosted its stake in Douglas Emmett by 0.3% in the 3rd quarter. Bamco Inc. NY now owns 6,389,444 shares of the real estate investment trust’s stock worth $112,263,000 after purchasing an additional 20,000 shares during the period. FMR LLC boosted its position in shares of Douglas Emmett by 8.5% in the third quarter. FMR LLC now owns 4,883,814 shares of the real estate investment trust’s stock valued at $85,809,000 after acquiring an additional 384,371 shares during the period. Geode Capital Management LLC grew its stake in Douglas Emmett by 0.7% during the third quarter. Geode Capital Management LLC now owns 4,171,839 shares of the real estate investment trust’s stock valued at $73,312,000 after acquiring an additional 26,961 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Douglas Emmett by 0.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,812,708 shares of the real estate investment trust’s stock worth $70,764,000 after acquiring an additional 14,886 shares during the period. Finally, Victory Capital Management Inc. lifted its stake in Douglas Emmett by 1.0% in the 4th quarter. Victory Capital Management Inc. now owns 1,593,909 shares of the real estate investment trust’s stock worth $29,583,000 after purchasing an additional 15,704 shares in the last quarter. 97.37% of the stock is currently owned by hedge funds and other institutional investors.

Douglas Emmett Stock Up 4.2 %

Shares of NYSE DEI opened at $16.65 on Tuesday. The stock has a market capitalization of $2.79 billion, a P/E ratio of 128.05 and a beta of 1.13. Douglas Emmett, Inc. has a one year low of $12.50 and a one year high of $20.50. The firm’s 50 day simple moving average is $16.95 and its two-hundred day simple moving average is $17.77. 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 (NYSE:DEI) last released its earnings results on Tuesday, February 4th. The real estate investment trust reported $0.38 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 EPS for the current fiscal year.

Douglas Emmett Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 4.57%. The ex-dividend date of this dividend is Monday, March 31st. Douglas Emmett’s dividend payout ratio is presently 584.62%.

Analyst Ratings Changes

DEI has been the subject of a number of recent analyst reports. StockNews.com lowered shares of Douglas Emmett from a “hold” rating to a “sell” rating in a research report on Thursday, February 6th. Jefferies Financial Group initiated coverage on Douglas Emmett in a research report on Monday, March 17th. They set a “hold” rating and a $16.00 target price for the company. Janney Montgomery Scott reaffirmed a “neutral” rating on shares of Douglas Emmett in a report on Wednesday, January 15th. Piper Sandler raised Douglas Emmett from a “neutral” rating to an “overweight” rating and set a $20.00 price objective for the company in a report on Monday, January 13th. Finally, Wedbush upgraded shares of Douglas Emmett from a “neutral” rating to an “outperform” rating and upped their price objective for the stock from $19.00 to $21.00 in a research report on Thursday, January 2nd. One research analyst has rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $18.50.

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.