Virtu Financial LLC bought a new position in Douglas Emmett, Inc. (NYSE:DEI) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 11,809 shares of the real estate investment trust’s stock, valued at approximately $477,000.
A number of other large investors have also recently added to or reduced their stakes in DEI. Oregon Public Employees Retirement Fund increased its position in Douglas Emmett by 3,313.0% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 2,157,494 shares of the real estate investment trust’s stock worth $63,000 after buying an additional 2,094,280 shares during the last quarter. FCA Corp TX purchased a new position in shares of Douglas Emmett in the fourth quarter valued at $102,000. PNC Financial Services Group Inc. grew its position in shares of Douglas Emmett by 10.7% in the fourth quarter. PNC Financial Services Group Inc. now owns 5,595 shares of the real estate investment trust’s stock valued at $192,000 after purchasing an additional 542 shares in the last quarter. AlphaCrest Capital Management LLC purchased a new position in shares of Douglas Emmett in the fourth quarter valued at $232,000. Finally, Quantamental Technologies LLC purchased a new position in shares of Douglas Emmett in the fourth quarter valued at $233,000. 93.22% of the stock is owned by institutional investors and hedge funds.
NYSE:DEI opened at $40.75 on Monday. The firm has a market cap of $6.94 billion, a P/E ratio of 20.17, a price-to-earnings-growth ratio of 3.16 and a beta of 0.78. The company has a debt-to-equity ratio of 1.07, a current ratio of 2.12 and a quick ratio of 2.12. Douglas Emmett, Inc. has a 52-week low of $32.32 and a 52-week high of $41.86.
The company also recently declared a quarterly dividend, which was paid on Tuesday, April 16th. Shareholders of record on Friday, March 29th were issued a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 2.55%. The ex-dividend date was Thursday, March 28th. Douglas Emmett’s dividend payout ratio is currently 51.49%.
Several equities analysts have recently weighed in on DEI shares. Wells Fargo & Co set a $37.00 price target on Douglas Emmett and gave the company a “positive” rating in a research report on Wednesday, January 16th. Zacks Investment Research cut Douglas Emmett from a “hold” rating to a “sell” rating in a research report on Wednesday, January 23rd. Barclays upgraded Douglas Emmett from an “underweight” rating to an “equal weight” rating and lifted their price target for the company from $37.00 to $39.00 in a research report on Monday, February 4th. Finally, JMP Securities reiterated a “hold” rating on shares of Douglas Emmett in a research report on Sunday, February 17th. Six investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $41.10.
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Douglas Emmett Company 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.
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