FCA Corp TX acquired a new stake in shares of Douglas Emmett, Inc. (NYSE:DEI) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 3,000 shares of the real estate investment trust’s stock, valued at approximately $102,000.
Several other institutional investors have also added to or reduced their stakes in DEI. Oregon Public Employees Retirement Fund boosted 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 purchasing an additional 2,094,280 shares during the last quarter. Norges Bank purchased a new position in Douglas Emmett in the fourth quarter worth about $49,547,000. Renaissance Technologies LLC boosted its position in Douglas Emmett by 67.4% in the third quarter. Renaissance Technologies LLC now owns 3,524,900 shares of the real estate investment trust’s stock worth $132,959,000 after purchasing an additional 1,419,100 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of Douglas Emmett by 15.6% in the third quarter. JPMorgan Chase & Co. now owns 4,221,607 shares of the real estate investment trust’s stock worth $159,239,000 after buying an additional 569,703 shares during the period. Finally, Thrivent Financial for Lutherans raised its stake in shares of Douglas Emmett by 60.7% in the fourth quarter. Thrivent Financial for Lutherans now owns 1,370,289 shares of the real estate investment trust’s stock worth $46,768,000 after buying an additional 517,554 shares during the period. 93.22% of the stock is currently owned by institutional investors.
DEI has been the topic of several recent research reports. Barclays raised Douglas Emmett from an “underweight” rating to an “equal weight” rating and raised their price objective for the stock from $37.00 to $39.00 in a research note on Monday, February 4th. JMP Securities reaffirmed a “hold” rating on shares of Douglas Emmett in a research note on Sunday, February 17th. Zacks Investment Research raised Douglas Emmett from a “sell” rating to a “hold” rating in a research note on Wednesday, February 6th. Finally, Wells Fargo & Co set a $37.00 price objective on Douglas Emmett and gave the stock a “positive” rating in a research note on Wednesday, January 16th. Six analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $41.10.
Douglas Emmett (NYSE:DEI) last issued its earnings results on Tuesday, February 12th. The real estate investment trust reported $0.52 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.52. The company had revenue of $226.29 million for the quarter, compared to the consensus estimate of $223.46 million. Douglas Emmett had a return on equity of 2.97% and a net margin of 13.58%. The firm’s quarterly revenue was up 8.2% on a year-over-year basis. During the same quarter last year, the company earned $0.49 EPS. Equities research analysts predict that Douglas Emmett, Inc. will post 2.11 earnings per share for the current year.
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 dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 2.52%. The ex-dividend date was Thursday, March 28th. Douglas Emmett’s dividend payout ratio is presently 51.49%.
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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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