DekaBank Deutsche Girozentrale Sells 2,758 Shares of Douglas Emmett, Inc. (NYSE:DEI)

DekaBank Deutsche Girozentrale decreased its holdings in Douglas Emmett, Inc. (NYSE:DEI) by 6.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 37,880 shares of the real estate investment trust’s stock after selling 2,758 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Douglas Emmett were worth $557,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of DEI. Quantbot Technologies LP acquired a new position in Douglas Emmett during the first quarter worth about $40,000. Advisory Services Network LLC grew its holdings in shares of Douglas Emmett by 94.7% during the 1st quarter. Advisory Services Network LLC now owns 3,695 shares of the real estate investment trust’s stock valued at $46,000 after purchasing an additional 1,797 shares during the last quarter. Aspire Private Capital LLC increased its position in Douglas Emmett by 300.5% during the 1st quarter. Aspire Private Capital LLC now owns 6,649 shares of the real estate investment trust’s stock worth $82,000 after purchasing an additional 4,989 shares in the last quarter. Envestnet Asset Management Inc. bought a new position in Douglas Emmett in the 3rd quarter valued at approximately $150,000. Finally, Jefferies Financial Group Inc. bought a new position in Douglas Emmett in the 2nd quarter valued at approximately $157,000. 97.37% of the stock is currently owned by institutional investors.

Douglas Emmett Price Performance

DEI stock opened at $12.93 on Tuesday. The firm has a market cap of $2.16 billion, a price-to-earnings ratio of -49.73 and a beta of 1.07. The company has a quick ratio of 4.91, a current ratio of 4.91 and a debt-to-equity ratio of 1.44. Douglas Emmett, Inc. has a 12-month low of $10.09 and a 12-month high of $16.12. The company’s fifty day simple moving average is $13.40 and its 200 day simple moving average is $13.22.

Douglas Emmett Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 16th. Investors of record on Thursday, March 28th will be issued a $0.19 dividend. The ex-dividend date is Wednesday, March 27th. This represents a $0.76 annualized dividend and a yield of 5.88%. Douglas Emmett’s payout ratio is -292.31%.

Analyst Upgrades and Downgrades

DEI has been the topic of a number of research analyst reports. Jefferies Financial Group upgraded shares of Douglas Emmett from an “underperform” rating to a “hold” rating and raised their target price for the company from $10.00 to $15.00 in a research report on Tuesday, January 2nd. Piper Sandler cut their target price on shares of Douglas Emmett from $17.00 to $15.00 and set a “neutral” rating on the stock in a research report on Friday, March 22nd. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $13.67.

About Douglas Emmett

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.