Douglas Emmett, Inc. (NYSE:DEI) Shares Acquired by Handelsbanken Fonder AB

Handelsbanken Fonder AB boosted its stake in Douglas Emmett, Inc. (NYSE:DEI) by 64.0% in the 4th quarter, Holdings Channel reports. The firm owned 77,360 shares of the real estate investment trust’s stock after buying an additional 30,200 shares during the quarter. Handelsbanken Fonder AB’s holdings in Douglas Emmett were worth $1,122,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Wellington Management Group LLP lifted its position in Douglas Emmett by 26.8% during the 3rd quarter. Wellington Management Group LLP now owns 9,201,972 shares of the real estate investment trust’s stock worth $117,417,000 after acquiring an additional 1,947,720 shares in the last quarter. Rush Island Management LP raised its stake in shares of Douglas Emmett by 271.4% during the third quarter. Rush Island Management LP now owns 4,152,516 shares of the real estate investment trust’s stock valued at $52,986,000 after purchasing an additional 3,034,375 shares during the period. Massachusetts Financial Services Co. MA lifted its position in shares of Douglas Emmett by 2.8% during the third quarter. Massachusetts Financial Services Co. MA now owns 2,770,609 shares of the real estate investment trust’s stock worth $35,353,000 after purchasing an additional 75,025 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. boosted its stake in shares of Douglas Emmett by 516.1% in the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,219,895 shares of the real estate investment trust’s stock valued at $15,566,000 after purchasing an additional 1,021,891 shares during the period. Finally, Lasalle Investment Management Securities LLC acquired a new stake in Douglas Emmett during the 3rd quarter valued at $13,648,000. Institutional investors and hedge funds own 97.37% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on DEI. Piper Sandler cut their price objective on shares of Douglas Emmett from $17.00 to $15.00 and set a “neutral” rating on the stock in a report on Friday, March 22nd. Jefferies Financial Group upgraded Douglas Emmett from an “underperform” rating to a “hold” rating and boosted their price target for the stock from $10.00 to $15.00 in a research note on Tuesday, January 2nd. Two 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 data from MarketBeat.com, Douglas Emmett currently has an average rating of “Hold” and an average price target of $13.67.

Douglas Emmett Trading Up 0.5 %

NYSE DEI opened at $13.37 on Monday. The company’s fifty day moving average price is $13.40 and its two-hundred day moving average price is $13.29. The company has a market capitalization of $2.24 billion, a price-to-earnings ratio of -51.42 and a beta of 1.07. Douglas Emmett, Inc. has a 12 month low of $10.09 and a 12 month high of $16.12. The company has a debt-to-equity ratio of 1.44, a current ratio of 4.91 and a quick ratio of 4.91.

Douglas Emmett Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 16th. Stockholders of record on Thursday, March 28th were issued a $0.19 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 5.68%. Douglas Emmett’s dividend payout ratio (DPR) is -292.31%.

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.