Douglas Emmett, Inc. (NYSE:DEI) Position Raised by Aspire Private Capital LLC

Aspire Private Capital LLC lifted its position in shares of Douglas Emmett, Inc. (NYSE:DEI) by 73.4% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 20,303 shares of the real estate investment trust’s stock after acquiring an additional 8,591 shares during the period. Aspire Private Capital LLC’s holdings in Douglas Emmett were worth $377,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the company. Geode Capital Management LLC boosted its position in shares of Douglas Emmett by 0.7% during the third quarter. Geode Capital Management LLC now owns 4,171,839 shares of the real estate investment trust’s stock worth $73,312,000 after buying an additional 26,961 shares during the period. The Manufacturers Life Insurance Company boosted its position in Douglas Emmett by 3.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 91,554 shares of the real estate investment trust’s stock worth $1,219,000 after acquiring an additional 3,183 shares during the period. Intech Investment Management LLC bought a new position in shares of Douglas Emmett in the third quarter worth $650,000. Charles Schwab Investment Management Inc. increased its holdings in shares of Douglas Emmett by 3.5% during the third 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. Finally, Citigroup Inc. raised its stake in shares of Douglas Emmett by 43.0% during the third 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 in the last quarter. Institutional investors and hedge funds own 97.37% of the company’s stock.

Analyst Ratings Changes

A number of analysts have commented on the stock. Scotiabank upgraded shares of Douglas Emmett from a “sector perform” rating to a “sector outperform” rating and boosted their price target for the stock from $16.00 to $21.00 in a research report on Thursday, November 14th. Wedbush upgraded Douglas Emmett from a “neutral” rating to an “outperform” rating and lifted their price target for the company from $19.00 to $21.00 in a research report on Thursday, January 2nd. Jefferies Financial Group lifted their price objective on shares of Douglas Emmett from $17.00 to $18.00 and gave the stock a “hold” rating in a research note on Thursday, January 2nd. Janney Montgomery Scott restated a “neutral” rating on shares of Douglas Emmett in a report on Wednesday, January 15th. Finally, Piper Sandler upgraded Douglas Emmett from a “neutral” rating to an “overweight” rating and set a $20.00 price target for the company in a research report on Monday, January 13th. Six investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $18.75.

Douglas Emmett Trading Up 0.9 %

NYSE:DEI opened at $17.66 on Wednesday. The company has a market capitalization of $2.96 billion, a P/E ratio of -176.60 and a beta of 1.11. Douglas Emmett, Inc. has a 52 week low of $12.35 and a 52 week high of $20.50. The stock’s 50 day moving average price is $18.61 and its 200 day moving average price is $17.20. The company has a debt-to-equity ratio of 1.51, a quick ratio of 4.09 and a current ratio of 4.09.

Douglas Emmett (NYSE:DEI) last announced its quarterly earnings results on Monday, November 4th. The real estate investment trust reported $0.03 EPS for the quarter, missing the consensus estimate of $0.41 by ($0.38). The company had revenue of $250.75 million for the quarter, compared to analyst estimates of $242.75 million. Douglas Emmett had a negative net margin of 1.68% and a negative return on equity of 0.43%. The company’s revenue for the quarter was down 1.8% on a year-over-year basis. During the same quarter last year, the business earned $0.45 EPS. On average, research analysts forecast 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, January 15th. Shareholders of record on Tuesday, December 31st were given a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 4.30%. The ex-dividend date was Tuesday, December 31st. Douglas Emmett’s dividend payout ratio is currently -760.00%.

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.