Intech Investment Management LLC Has $1.17 Million Holdings in Douglas Emmett, Inc. (NYSE:DEI)

Intech Investment Management LLC raised its holdings in shares of Douglas Emmett, Inc. (NYSE:DEI) by 70.2% during the fourth quarter, HoldingsChannel.com reports. The firm owned 62,959 shares of the real estate investment trust’s stock after acquiring an additional 25,962 shares during the quarter. Intech Investment Management LLC’s holdings in Douglas Emmett were worth $1,169,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in DEI. Natixis Advisors LLC lifted its position in Douglas Emmett by 8.5% during the 3rd quarter. Natixis Advisors LLC now owns 56,088 shares of the real estate investment trust’s stock valued at $985,000 after purchasing an additional 4,410 shares during the period. Charles Schwab Investment Management Inc. lifted its position in Douglas Emmett by 3.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,797,822 shares of the real estate investment trust’s stock valued at $66,728,000 after purchasing an additional 127,274 shares during the period. Citigroup Inc. lifted its position in Douglas Emmett by 43.0% during the 3rd quarter. Citigroup Inc. now owns 227,814 shares of the real estate investment trust’s stock valued at $4,003,000 after purchasing an additional 68,507 shares during the period. Swedbank AB lifted its position in Douglas Emmett by 23.0% during the 3rd quarter. Swedbank AB now owns 45,255 shares of the real estate investment trust’s stock valued at $795,000 after purchasing an additional 8,468 shares during the period. Finally, Daiwa Securities Group Inc. lifted its position in Douglas Emmett by 6.8% during the 3rd quarter. Daiwa Securities Group Inc. now owns 62,251 shares of the real estate investment trust’s stock valued at $1,094,000 after purchasing an additional 3,942 shares during the period. 97.37% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

DEI has been the topic of a number of research reports. Wedbush upgraded shares of Douglas Emmett from a “neutral” rating to an “outperform” rating and upped their target price for the company from $19.00 to $21.00 in a research report on Thursday, January 2nd. Piper Sandler upgraded shares of Douglas Emmett from a “neutral” rating to an “overweight” rating and set a $20.00 price target on the stock in a research report on Monday, January 13th. Jefferies Financial Group initiated coverage on shares of Douglas Emmett in a research report on Monday, March 17th. They issued a “hold” rating and a $16.00 price target on the stock. StockNews.com downgraded shares of Douglas Emmett from a “hold” rating to a “sell” rating in a research report on Thursday, February 6th. Finally, Janney Montgomery Scott reiterated a “neutral” rating on shares of Douglas Emmett in a research report on Wednesday, January 15th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $18.50.

Douglas Emmett Price Performance

NYSE DEI opened at $15.97 on Friday. The business has a 50 day simple moving average of $16.96 and a 200 day simple moving average of $17.76. Douglas Emmett, Inc. has a 52-week low of $12.50 and a 52-week high of $20.50. The company has a debt-to-equity ratio of 1.50, a quick ratio of 4.09 and a current ratio of 4.32. The stock has a market cap of $2.67 billion, a price-to-earnings ratio of 122.82 and a beta of 1.13.

Douglas Emmett (NYSE:DEI) last posted its earnings results on Tuesday, February 4th. The real estate investment trust reported $0.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.44. Douglas Emmett had a return on equity of 0.63% and a net margin of 2.38%. Analysts anticipate that Douglas Emmett, Inc. will post 1.45 earnings per share for the current fiscal year.

Douglas Emmett Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be paid a dividend of $0.19 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.76 annualized dividend and a dividend yield of 4.76%. Douglas Emmett’s dividend payout ratio is currently 584.62%.

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.