Wolverine Asset Management LLC Makes New Investment in Douglas Emmett, Inc. (NYSE:DEI)

Wolverine Asset Management LLC acquired a new position in Douglas Emmett, Inc. (NYSE:DEI) in the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 35,582 shares of the real estate investment trust’s stock, valued at approximately $516,000.

A number of other hedge funds also recently modified their holdings of the company. SG Americas Securities LLC lifted its position in shares of Douglas Emmett by 85.3% during the 3rd quarter. SG Americas Securities LLC now owns 154,311 shares of the real estate investment trust’s stock worth $1,969,000 after buying an additional 71,057 shares during the period. Raymond James & Associates lifted its position in shares of Douglas Emmett by 1.6% during the 3rd quarter. Raymond James & Associates now owns 72,668 shares of the real estate investment trust’s stock worth $927,000 after buying an additional 1,151 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Douglas Emmett by 2.4% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 68,646 shares of the real estate investment trust’s stock worth $876,000 after buying an additional 1,596 shares during the period. Inspire Investing LLC bought a new position in shares of Douglas Emmett during the 3rd quarter worth approximately $305,000. Finally, Allspring Global Investments Holdings LLC lifted its position in shares of Douglas Emmett by 5,960.7% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 193,822 shares of the real estate investment trust’s stock worth $2,473,000 after buying an additional 190,624 shares during the period. Institutional investors own 97.37% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on DEI. Jefferies Financial Group upgraded Douglas Emmett from an “underperform” rating to a “hold” rating and raised their target price for the stock from $10.00 to $15.00 in a research report on Tuesday, January 2nd. Piper Sandler cut their price objective on Douglas Emmett from $17.00 to $15.00 and set a “neutral” rating for the company in a research report on Friday, March 22nd. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $13.67.

Douglas Emmett Stock Up 0.5 %

NYSE DEI opened at $13.38 on Friday. The stock has a fifty day moving average of $13.40 and a 200-day moving average of $13.27. Douglas Emmett, Inc. has a 52 week low of $10.09 and a 52 week high of $16.12. The company has a debt-to-equity ratio of 1.44, a current ratio of 4.91 and a quick ratio of 4.91.

Douglas Emmett Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 16th. Stockholders of record on Thursday, March 28th were paid a $0.19 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $0.76 annualized dividend and a dividend yield of 5.68%. Douglas Emmett’s dividend payout ratio (DPR) is currently -292.31%.

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.