Balyasny Asset Management L.P. Makes New $218,000 Investment in Douglas Emmett, Inc. (NYSE:DEI)

Balyasny Asset Management L.P. acquired a new stake in shares of Douglas Emmett, Inc. (NYSE:DEI) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 11,729 shares of the real estate investment trust’s stock, valued at approximately $218,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Massachusetts Financial Services Co. MA increased its position in shares of Douglas Emmett by 1.6% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 7,943,811 shares of the real estate investment trust’s stock worth $147,437,000 after acquiring an additional 125,727 shares in the last quarter. FMR LLC boosted its position in Douglas Emmett by 59.6% during the 4th quarter. FMR LLC now owns 7,794,304 shares of the real estate investment trust’s stock worth $144,662,000 after purchasing an additional 2,910,490 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in Douglas Emmett by 0.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,812,708 shares of the real estate investment trust’s stock valued at $70,764,000 after purchasing an additional 14,886 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in Douglas Emmett by 130.6% in the 4th quarter. JPMorgan Chase & Co. now owns 2,684,597 shares of the real estate investment trust’s stock valued at $49,826,000 after purchasing an additional 1,520,348 shares in the last quarter. Finally, Hsbc Holdings PLC raised its position in Douglas Emmett by 0.4% in the fourth quarter. Hsbc Holdings PLC now owns 2,508,153 shares of the real estate investment trust’s stock valued at $46,265,000 after purchasing an additional 9,876 shares during the period. 97.37% of the stock is currently owned by institutional investors and hedge funds.

Douglas Emmett Stock Performance

Shares of DEI opened at $14.93 on Monday. The firm has a market cap of $2.50 billion, a price-to-earnings ratio of 114.85 and a beta of 1.21. 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 business’s 50 day moving average is $14.75 and its two-hundred day moving average is $16.89. Douglas Emmett, Inc. has a 52-week low of $12.39 and a 52-week high of $20.50.

Douglas Emmett (NYSE:DEI) last posted its quarterly earnings results on Tuesday, May 6th. The real estate investment trust reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.01. The firm had revenue of $251.54 million for the quarter, compared to analysts’ expectations of $246.49 million. Douglas Emmett had a net margin of 2.38% and a return on equity of 0.63%. The firm’s quarterly revenue was up 2.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.45 earnings per share. Analysts forecast that Douglas Emmett, Inc. will post 1.45 EPS for the current fiscal year.

Douglas Emmett Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were given a $0.19 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $0.76 annualized dividend and a dividend yield of 5.09%. Douglas Emmett’s payout ratio is 237.50%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. StockNews.com upgraded Douglas Emmett from a “sell” rating to a “hold” rating in a research note on Monday, May 12th. Jefferies Financial Group initiated coverage on Douglas Emmett in a report on Monday, March 17th. They issued a “hold” rating and a $16.00 price target for the company. Six research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, Douglas Emmett has a consensus rating of “Hold” and an average target price of $18.50.

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.