Quadrature Capital Ltd Makes New Investment in Douglas Emmett, Inc. (NYSE:DEI)

Quadrature Capital Ltd acquired a new position in shares of Douglas Emmett, Inc. (NYSE:DEI – Get Rating) in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 16,828 shares of the real estate investment trust’s stock, valued at approximately $302,000.

A number of other large investors also recently bought and sold shares of DEI. Centersquare Investment Management LLC raised its position in Douglas Emmett by 595.3% during the 3rd quarter. Centersquare Investment Management LLC now owns 1,523,742 shares of the real estate investment trust’s stock worth $27,320,000 after buying an additional 1,304,593 shares during the last quarter. State Street Corp increased its holdings in shares of Douglas Emmett by 13.1% in the 1st quarter. State Street Corp now owns 9,474,627 shares of the real estate investment trust’s stock valued at $319,244,000 after purchasing an additional 1,095,717 shares in the last quarter. AQR Capital Management LLC increased its holdings in shares of Douglas Emmett by 340.6% in the 2nd quarter. AQR Capital Management LLC now owns 1,195,509 shares of the real estate investment trust’s stock valued at $26,445,000 after purchasing an additional 924,195 shares in the last quarter. Wellington Management Group LLP increased its holdings in shares of Douglas Emmett by 12.5% in the 1st quarter. Wellington Management Group LLP now owns 6,844,166 shares of the real estate investment trust’s stock valued at $228,732,000 after purchasing an additional 759,320 shares in the last quarter. Finally, Millennium Management LLC increased its holdings in shares of Douglas Emmett by 53.8% in the 2nd quarter. Millennium Management LLC now owns 1,920,779 shares of the real estate investment trust’s stock valued at $42,987,000 after purchasing an additional 672,041 shares in the last quarter. Hedge funds and other institutional investors own 97.25% of the company’s stock.

Douglas Emmett Price Performance

Douglas Emmett stock opened at $12.61 on Monday. The firm’s 50-day moving average is $15.37 and its two-hundred day moving average is $16.82. The company has a debt-to-equity ratio of 1.21, a current ratio of 2.77 and a quick ratio of 2.77. Douglas Emmett, Inc. has a 12-month low of $12.47 and a 12-month high of $34.70. The stock has a market capitalization of $2.22 billion, a P/E ratio of 22.93 and a beta of 0.94.

Douglas Emmett Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 14th. Investors of record on Friday, March 31st will be given a $0.19 dividend. The ex-dividend date of this dividend is Thursday, March 30th. This represents a $0.76 annualized dividend and a dividend yield of 6.03%. Douglas Emmett’s dividend payout ratio is presently 138.18%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. Wells Fargo & Company cut their price target on shares of Douglas Emmett to $18.00 in a report on Wednesday, December 14th. Citigroup dropped their target price on shares of Douglas Emmett from $17.00 to $16.00 and set a “neutral” rating for the company in a report on Monday, December 12th. Jefferies Financial Group downgraded shares of Douglas Emmett from a “hold” rating to an “underperform” rating and dropped their target price for the company from $17.00 to $13.00 in a report on Monday, January 2nd. Piper Sandler restated a “neutral” rating and set a $18.00 target price on shares of Douglas Emmett in a report on Wednesday, February 8th. Finally, BMO Capital Markets downgraded shares of Douglas Emmett from a “market perform” rating to an “underperform” rating and dropped their target price for the company from $21.00 to $13.00 in a report on Friday, March 3rd. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $20.22.

Douglas Emmett Company Profile

(Get Rating)

Douglas Emmett, Inc is a real estate investment trust, engages in the acquisition, development, ownership, and management of real estate properties. It operates through the following segments: Office, and Multifamily. The Office segment comprises rental of office space and other tenant services, including parking and storage space rental.