Jefferies Financial Group Inc. Acquires New Position in Douglas Emmett, Inc. (NYSE:DEI)

Jefferies Financial Group Inc. acquired a new stake in shares of Douglas Emmett, Inc. (NYSE:DEI) in the 4th quarter, HoldingsChannel reports. The firm acquired 16,443 shares of the real estate investment trust’s stock, valued at approximately $305,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Tower Research Capital LLC TRC raised its holdings in shares of Douglas Emmett by 203.9% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,927 shares of the real estate investment trust’s stock worth $54,000 after buying an additional 1,964 shares in the last quarter. Smartleaf Asset Management LLC lifted its position in shares of Douglas Emmett by 222.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 4,252 shares of the real estate investment trust’s stock worth $79,000 after buying an additional 2,933 shares during the last quarter. Raleigh Capital Management Inc. lifted its position in shares of Douglas Emmett by 30.4% during the 4th quarter. Raleigh Capital Management Inc. now owns 5,028 shares of the real estate investment trust’s stock worth $93,000 after buying an additional 1,172 shares during the last quarter. Sterling Capital Management LLC lifted its position in shares of Douglas Emmett by 808.8% during the 4th quarter. Sterling Capital Management LLC now owns 5,089 shares of the real estate investment trust’s stock worth $94,000 after buying an additional 4,529 shares during the last quarter. Finally, FIL Ltd lifted its position in shares of Douglas Emmett by 19.0% during the 4th quarter. FIL Ltd now owns 5,546 shares of the real estate investment trust’s stock worth $103,000 after buying an additional 884 shares during the last quarter. 97.37% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

DEI has been the subject of several recent analyst reports. StockNews.com upgraded Douglas Emmett from a “sell” rating to a “hold” rating in a research report on Monday, May 12th. Jefferies Financial Group initiated coverage on Douglas Emmett in a research report on Monday, March 17th. They set a “hold” rating and a $16.00 price objective for the company. Six investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, Douglas Emmett has a consensus rating of “Hold” and a consensus target price of $18.50.

Douglas Emmett Price Performance

Douglas Emmett stock opened at $14.93 on Friday. The company has a current ratio of 4.32, a quick ratio of 4.09 and a debt-to-equity ratio of 1.50. The company has a market capitalization of $2.50 billion, a PE ratio of 114.85 and a beta of 1.21. Douglas Emmett, Inc. has a 12 month low of $12.39 and a 12 month high of $20.50. The stock has a 50-day moving average price of $14.75 and a two-hundred day moving average price of $16.90.

Douglas Emmett (NYSE:DEI) last posted its earnings results on Tuesday, May 6th. The real estate investment trust reported $0.40 EPS for the quarter, beating the consensus estimate of $0.39 by $0.01. The firm had revenue of $251.54 million during the quarter, compared to the consensus estimate of $246.49 million. Douglas Emmett had a return on equity of 0.63% and a net margin of 2.38%. The business’s quarterly revenue was up 2.9% on a year-over-year basis. During the same period last year, the company earned $0.45 earnings per share. Analysts expect that Douglas Emmett, Inc. will post 1.45 EPS for the current year.

Douglas Emmett Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were given a $0.19 dividend. The ex-dividend date was Monday, March 31st. This represents a $0.76 annualized dividend and a yield of 5.09%. Douglas Emmett’s dividend payout ratio is presently 237.50%.

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.