First Eagle Investment Management LLC Has $246.50 Million Stock Holdings in Douglas Emmett, Inc. (NYSE:DEI)

First Eagle Investment Management LLC lessened its holdings in Douglas Emmett, Inc. (NYSE:DEI) by 2.6% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 13,281,204 shares of the real estate investment trust’s stock after selling 355,768 shares during the quarter. First Eagle Investment Management LLC owned about 0.08% of Douglas Emmett worth $246,499,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Venturi Wealth Management LLC purchased a new stake in shares of Douglas Emmett during the third quarter worth $48,000. Smartleaf Asset Management LLC raised its holdings in shares of Douglas Emmett by 222.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 4,252 shares of the real estate investment trust’s stock worth $79,000 after acquiring an additional 2,933 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of 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 in the last quarter. Raleigh Capital Management Inc. raised its holdings in shares of 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 acquiring an additional 1,172 shares in the last quarter. Finally, KBC Group NV raised its holdings in shares of Douglas Emmett by 41.1% during the fourth quarter. KBC Group NV now owns 6,926 shares of the real estate investment trust’s stock worth $129,000 after acquiring an additional 2,018 shares in the last quarter. Institutional investors and hedge funds own 97.37% of the company’s stock.

Wall Street Analyst Weigh In

DEI has been the subject of several recent research reports. Wedbush upgraded Douglas Emmett from a “neutral” rating to an “outperform” rating and increased their price objective for the stock from $19.00 to $21.00 in a report on Thursday, January 2nd. Scotiabank upgraded Douglas Emmett from a “sector perform” rating to a “sector outperform” rating and increased their price objective for the stock from $16.00 to $21.00 in a report on Thursday, November 14th. Jefferies Financial Group raised their target price on Douglas Emmett from $17.00 to $18.00 and gave the company a “hold” rating in a report on Thursday, January 2nd. StockNews.com lowered Douglas Emmett from a “hold” rating to a “sell” rating in a report on Thursday, February 6th. Finally, Piper Sandler upgraded Douglas Emmett from a “neutral” rating to an “overweight” rating and set a $20.00 target price on the stock in a report on Monday, January 13th. One 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. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $18.75.

Douglas Emmett Trading Down 4.0 %

Douglas Emmett stock opened at $15.42 on Friday. 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 business’s 50-day simple moving average is $17.13 and its 200-day simple moving average is $17.74. The firm has a market capitalization of $2.58 billion, a PE ratio of 118.60 and a beta of 1.13. Douglas Emmett, Inc. has a 52 week low of $12.50 and a 52 week high of $20.50.

Douglas Emmett (NYSE:DEI) last released its earnings results on Tuesday, February 4th. The real estate investment trust reported $0.38 earnings per share 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%. Equities research analysts forecast that Douglas Emmett, Inc. will post 1.45 earnings per share for the current year.

Douglas Emmett Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 4.93%. The ex-dividend date of this dividend is Monday, March 31st. Douglas Emmett’s dividend payout ratio (DPR) is presently 584.62%.

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.