Envestnet Asset Management Inc. Has $828,000 Position in Douglas Emmett, Inc. (NYSE:DEI)

Envestnet Asset Management Inc. increased its holdings in shares of Douglas Emmett, Inc. (NYSE:DEI) by 70.5% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 44,601 shares of the real estate investment trust’s stock after purchasing an additional 18,440 shares during the period. Envestnet Asset Management Inc.’s holdings in Douglas Emmett were worth $828,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. GAMMA Investing LLC increased its position in Douglas Emmett by 19.7% during 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 during the period. Sumitomo Mitsui Trust Group Inc. increased its holdings in shares of Douglas Emmett by 0.5% during 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 period. Xponance Inc. raised its position in shares of Douglas Emmett by 8.6% during the fourth quarter. Xponance Inc. now owns 11,634 shares of the real estate investment trust’s stock valued at $216,000 after buying an additional 920 shares during the last quarter. HighTower Advisors LLC lifted its stake in shares of Douglas Emmett by 6.9% in the fourth quarter. HighTower Advisors LLC now owns 14,257 shares of the real estate investment trust’s stock valued at $265,000 after buying an additional 922 shares during the period. Finally, Raleigh Capital Management Inc. grew its position in Douglas Emmett by 30.4% during the fourth quarter. Raleigh Capital Management Inc. now owns 5,028 shares of the real estate investment trust’s stock worth $93,000 after buying an additional 1,172 shares in the last quarter. Institutional investors own 97.37% of the company’s stock.

Douglas Emmett Trading Up 2.0 %

Shares of Douglas Emmett stock opened at $14.49 on Friday. The stock has a market capitalization of $2.43 billion, a P/E ratio of 111.47 and a beta of 1.09. Douglas Emmett, Inc. has a 12-month low of $12.39 and a 12-month high of $20.50. The company has a quick ratio of 4.09, a current ratio of 4.32 and a debt-to-equity ratio of 1.50. The company has a 50-day simple moving average of $15.18 and a 200 day simple moving average of $17.18.

Douglas Emmett (NYSE:DEI) last posted its quarterly earnings data on Tuesday, February 4th. The real estate investment trust reported $0.38 earnings per share for the quarter, topping 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%. Research analysts expect that Douglas Emmett, Inc. will post 1.45 earnings per share for the current fiscal year.

Douglas Emmett Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 5.24%. The ex-dividend date of this dividend was Monday, March 31st. Douglas Emmett’s payout ratio is presently 584.62%.

Wall Street Analysts Forecast Growth

DEI has been the topic of several recent research reports. 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 report on Monday, January 13th. Janney Montgomery Scott reissued a “neutral” rating on shares of Douglas Emmett in a report on Wednesday, January 15th. 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 price objective for the company. Finally, StockNews.com lowered shares of Douglas Emmett from a “hold” rating to a “sell” rating in a research report on Thursday, February 6th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Douglas Emmett presently has an average rating of “Hold” and an average target price of $18.50.

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.