New Age Alpha Advisors LLC Buys Shares of 102,232 Douglas Emmett, Inc. (NYSE:DEI)

New Age Alpha Advisors LLC purchased a new position in Douglas Emmett, Inc. (NYSE:DEI) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 102,232 shares of the real estate investment trust’s stock, valued at approximately $1,897,000. New Age Alpha Advisors LLC owned approximately 0.06% of Douglas Emmett as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. GAMMA Investing LLC boosted its holdings in 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. Sumitomo Mitsui Trust Group Inc. raised its position in shares of Douglas Emmett by 0.5% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 182,461 shares of the real estate investment trust’s stock worth $3,386,000 after purchasing an additional 860 shares during the last quarter. Xponance Inc. boosted its stake in Douglas Emmett by 8.6% in the 4th quarter. Xponance Inc. now owns 11,634 shares of the real estate investment trust’s stock worth $216,000 after purchasing an additional 920 shares in the last quarter. HighTower Advisors LLC grew its position in Douglas Emmett by 6.9% during the 4th quarter. HighTower Advisors LLC now owns 14,257 shares of the real estate investment trust’s stock valued at $265,000 after purchasing an additional 922 shares during the last quarter. Finally, Raleigh Capital Management Inc. increased its stake in Douglas Emmett by 30.4% during the 4th quarter. Raleigh Capital Management Inc. now owns 5,028 shares of the real estate investment trust’s stock valued at $93,000 after purchasing an additional 1,172 shares in the last quarter. Hedge funds and other institutional investors own 97.37% of the company’s stock.

Douglas Emmett Trading Down 1.9 %

Shares of NYSE:DEI opened at $16.07 on Monday. Douglas Emmett, Inc. has a 52-week low of $12.50 and a 52-week high of $20.50. The stock has a market capitalization of $2.69 billion, a price-to-earnings ratio of 123.66 and a beta of 1.13. The company has a debt-to-equity ratio of 1.50, a quick ratio of 4.09 and a current ratio of 4.32. The stock’s 50-day simple moving average is $16.88 and its two-hundred day simple moving average is $17.79.

Douglas Emmett (NYSE:DEI) last announced its earnings results 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%. Analysts expect that Douglas Emmett, Inc. will post 1.45 EPS for the current year.

Douglas Emmett Dividend Announcement

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 $0.19 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.76 dividend on an annualized basis and a yield of 4.73%. Douglas Emmett’s dividend payout ratio is currently 584.62%.

Analysts Set New Price Targets

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

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.