Raymond James & Associates Decreases Holdings in Douglas Emmett, Inc. (NYSE:DEI)

Raymond James & Associates lowered its holdings in Douglas Emmett, Inc. (NYSE:DEI) by 26.5% during the fourth quarter, HoldingsChannel reports. The fund owned 53,378 shares of the real estate investment trust’s stock after selling 19,290 shares during the period. Raymond James & Associates’ holdings in Douglas Emmett were worth $774,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in DEI. Aspire Private Capital LLC lifted its position in shares of Douglas Emmett by 34.7% during the 3rd quarter. Aspire Private Capital LLC now owns 9,850 shares of the real estate investment trust’s stock worth $126,000 after buying an additional 2,535 shares during the last quarter. Pathstone Family Office LLC grew its holdings in shares of Douglas Emmett by 12.6% during the third quarter. Pathstone Family Office LLC now owns 14,451 shares of the real estate investment trust’s stock worth $185,000 after buying an additional 1,617 shares during the last quarter. Sequoia Financial Advisors LLC grew its stake in shares of Douglas Emmett by 46.8% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 16,601 shares of the real estate investment trust’s stock valued at $212,000 after purchasing an additional 5,294 shares during the last quarter. Orion Portfolio Solutions LLC lifted its holdings in shares of Douglas Emmett by 13.5% during the third quarter. Orion Portfolio Solutions LLC now owns 17,012 shares of the real estate investment trust’s stock worth $217,000 after purchasing an additional 2,024 shares during the period. Finally, Van ECK Associates Corp grew its position in Douglas Emmett by 12.6% in the 3rd quarter. Van ECK Associates Corp now owns 21,502 shares of the real estate investment trust’s stock valued at $274,000 after buying an additional 2,413 shares during the last quarter. Hedge funds and other institutional investors own 97.37% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on DEI. Jefferies Financial Group upgraded shares of Douglas Emmett from an “underperform” rating to a “hold” rating and raised their target price for the stock from $10.00 to $15.00 in a research note on Tuesday, January 2nd. Piper Sandler reduced their price objective on shares of Douglas Emmett from $17.00 to $15.00 and set a “neutral” rating for the company in a research report on Friday, March 22nd. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, Douglas Emmett has an average rating of “Hold” and an average price target of $13.67.

Douglas Emmett Stock Up 1.7 %

DEI stock opened at $13.57 on Wednesday. The company has a current ratio of 4.91, a quick ratio of 4.91 and a debt-to-equity ratio of 1.44. The company’s 50-day moving average price is $13.40 and its 200 day moving average price is $13.26. Douglas Emmett, Inc. has a 52 week low of $10.09 and a 52 week high of $16.12. The company has a market cap of $2.27 billion, a P/E ratio of -52.17 and a beta of 1.07.

Douglas Emmett Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 16th. Stockholders of record on Thursday, March 28th were given a dividend of $0.19 per share. The ex-dividend date was Wednesday, March 27th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 5.60%. Douglas Emmett’s payout ratio is -292.31%.

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.