Douglas Emmett, Inc. (NYSE:DEI) Position Boosted by Metis Global Partners LLC

Metis Global Partners LLC raised its holdings in shares of Douglas Emmett, Inc. (NYSE:DEI) by 31.6% during the 3rd quarter, Holdings Channel reports. The fund owned 17,240 shares of the real estate investment trust’s stock after purchasing an additional 4,142 shares during the period. Metis Global Partners LLC’s holdings in Douglas Emmett were worth $303,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently added to or reduced their stakes in the business. Wolverine Asset Management LLC acquired a new position in shares of Douglas Emmett during the second quarter valued at $32,000. Venturi Wealth Management LLC bought a new position in Douglas Emmett in the 3rd quarter valued at about $48,000. Quarry LP grew its position in Douglas Emmett by 155.0% in the 2nd quarter. Quarry LP now owns 4,121 shares of the real estate investment trust’s stock valued at $55,000 after buying an additional 2,505 shares in the last quarter. Blue Trust Inc. increased its stake in Douglas Emmett by 1,081.5% during the 3rd quarter. Blue Trust Inc. now owns 3,710 shares of the real estate investment trust’s stock valued at $65,000 after buying an additional 3,396 shares during the period. Finally, GAMMA Investing LLC raised its position in shares of Douglas Emmett by 44.6% during the 3rd quarter. GAMMA Investing LLC now owns 3,811 shares of the real estate investment trust’s stock worth $67,000 after buying an additional 1,175 shares in the last quarter. Institutional investors own 97.37% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the stock. Citigroup raised their price objective on shares of Douglas Emmett from $14.00 to $16.00 and gave the company a “neutral” rating in a research note on Thursday, September 12th. Scotiabank upgraded Douglas Emmett from a “sector perform” rating to a “sector outperform” rating and lifted their price target for the company from $16.00 to $21.00 in a research report on Thursday, November 14th. Evercore ISI upped their price objective on Douglas Emmett from $16.00 to $19.00 and gave the company an “in-line” rating in a report on Thursday, November 7th. Wells Fargo & Company raised their target price on Douglas Emmett from $15.00 to $17.00 and gave the company an “overweight” rating in a research note on Wednesday, September 11th. Finally, Piper Sandler boosted their price target on shares of Douglas Emmett from $15.00 to $16.00 and gave the stock a “neutral” rating in a research report on Monday, August 12th. Six analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, Douglas Emmett has an average rating of “Hold” and a consensus target price of $17.43.

Douglas Emmett Stock Performance

DEI opened at $18.05 on Tuesday. The business has a fifty day simple moving average of $17.79 and a 200-day simple moving average of $15.58. The firm has a market cap of $3.02 billion, a PE ratio of -180.50 and a beta of 1.10. The company has a quick ratio of 5.11, a current ratio of 4.09 and a debt-to-equity ratio of 1.51. Douglas Emmett, Inc. has a fifty-two week low of $11.08 and a fifty-two week high of $19.59.

Douglas Emmett (NYSE:DEI) last released its earnings results on Monday, November 4th. The real estate investment trust reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.41 by ($0.38). The firm had revenue of $250.75 million during the quarter, compared to analysts’ expectations of $242.75 million. Douglas Emmett had a negative return on equity of 0.43% and a negative net margin of 1.68%. The business’s revenue was down 1.8% on a year-over-year basis. During the same period last year, the business earned $0.45 earnings per share. As a group, equities analysts predict that Douglas Emmett, Inc. will post 1.7 EPS for the current fiscal year.

Douglas Emmett Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 16th. Investors of record on Monday, September 30th were given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 4.21%. The ex-dividend date of this dividend was Monday, September 30th. Douglas Emmett’s payout ratio is -760.00%.

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.