Douglas Emmett (NYSE:DEI) Rating Increased to Hold at StockNews.com

StockNews.com upgraded shares of Douglas Emmett (NYSE:DEI) from a sell rating to a hold rating in a report published on Monday morning.

Separately, Piper Sandler decreased their price target on shares of Douglas Emmett from $17.00 to $15.00 and set a neutral rating for the company in a report on Friday, March 22nd. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of Hold and an average target price of $13.67.

Douglas Emmett Trading Down 2.5 %

NYSE DEI opened at $13.81 on Monday. Douglas Emmett has a one year low of $10.76 and a one year high of $16.12. The company has a 50-day simple moving average of $13.62 and a 200-day simple moving average of $13.57. The company has a debt-to-equity ratio of 1.45, a quick ratio of 4.42 and a current ratio of 4.42. The firm has a market capitalization of $2.31 billion, a PE ratio of -44.55 and a beta of 1.05.

Douglas Emmett Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 16th. Shareholders of record on Thursday, March 28th were paid a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 5.50%. The ex-dividend date of this dividend was Wednesday, March 27th. Douglas Emmett’s payout ratio is -245.16%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of DEI. Rush Island Management LP raised its position in shares of Douglas Emmett by 271.4% during the 3rd quarter. Rush Island Management LP now owns 4,152,516 shares of the real estate investment trust’s stock worth $52,986,000 after buying an additional 3,034,375 shares in the last quarter. Wellington Management Group LLP grew its position in Douglas Emmett by 26.8% in the third quarter. Wellington Management Group LLP now owns 9,201,972 shares of the real estate investment trust’s stock worth $117,417,000 after acquiring an additional 1,947,720 shares in the last quarter. Norges Bank bought a new stake in Douglas Emmett in the fourth quarter worth approximately $26,467,000. Lasalle Investment Management Securities LLC acquired a new stake in shares of Douglas Emmett in the third quarter worth $13,648,000. Finally, Centersquare Investment Management LLC lifted its stake in shares of Douglas Emmett by 20.8% in the first quarter. Centersquare Investment Management LLC now owns 4,363,009 shares of the real estate investment trust’s stock worth $59,817,000 after buying an additional 751,419 shares during the last quarter. 97.37% of the stock is owned by institutional investors and hedge funds.

About Douglas Emmett

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.