Douglas Emmett, Inc. (NYSE:DEI) Position Increased by Cooper Financial Group

Cooper Financial Group increased its position in Douglas Emmett, Inc. (NYSE:DEIFree Report) by 31.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 614,541 shares of the real estate investment trust’s stock after buying an additional 145,647 shares during the quarter. Douglas Emmett comprises approximately 1.4% of Cooper Financial Group’s holdings, making the stock its 14th largest position. Cooper Financial Group owned approximately 0.37% of Douglas Emmett worth $8,524,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the stock. Sowell Financial Services LLC grew its holdings in Douglas Emmett by 0.5% during the 4th quarter. Sowell Financial Services LLC now owns 133,538 shares of the real estate investment trust’s stock worth $1,962,000 after acquiring an additional 723 shares during the period. Pathstone Family Office LLC increased its holdings in shares of Douglas Emmett by 12.6% during the third quarter. Pathstone Family Office LLC now owns 14,451 shares of the real estate investment trust’s stock worth $185,000 after buying an additional 1,617 shares in the last quarter. Nomura Asset Management Co. Ltd. increased its stake in shares of Douglas Emmett by 0.9% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 188,400 shares of the real estate investment trust’s stock valued at $2,732,000 after buying an additional 1,700 shares during the period. Lebenthal Global Advisors LLC increased its stake in Douglas Emmett by 13.8% in the fourth quarter. Lebenthal Global Advisors LLC now owns 17,389 shares of the real estate investment trust’s stock valued at $252,000 after purchasing an additional 2,115 shares in the last quarter. Finally, New York State Common Retirement Fund increased its stake in Douglas Emmett by 3.8% in the 4th quarter. New York State Common Retirement Fund now owns 66,452 shares of the real estate investment trust’s stock valued at $964,000 after buying an additional 2,411 shares during the last quarter. Hedge funds and other institutional investors own 97.37% of the company’s stock.

Insider Activity

In other Douglas Emmett news, Director William E. Simon, Jr. bought 45,000 shares of the stock in a transaction on Monday, June 10th. The shares were purchased at an average price of $13.15 per share, with a total value of $591,750.00. Following the acquisition, the director now directly owns 45,000 shares of the company’s stock, valued at approximately $591,750. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 14.70% of the stock is owned by corporate insiders.

Douglas Emmett Price Performance

DEI stock traded up $0.01 during midday trading on Friday, reaching $13.39. 2,428,382 shares of the company’s stock traded hands, compared to its average volume of 1,208,240. The company has a current ratio of 4.42, a quick ratio of 4.42 and a debt-to-equity ratio of 1.45. Douglas Emmett, Inc. has a fifty-two week low of $10.76 and a fifty-two week high of $16.12. The business has a 50-day moving average price of $13.60 and a two-hundred day moving average price of $13.79.

Douglas Emmett Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 16th. Stockholders of record on Friday, June 28th will be issued a $0.19 dividend. The ex-dividend date of this dividend is Friday, June 28th. This represents a $0.76 annualized dividend and a dividend yield of 5.68%. Douglas Emmett’s dividend payout ratio (DPR) is -245.16%.

Analyst Ratings Changes

A number of brokerages recently issued reports on DEI. Piper Sandler dropped their price target on shares of Douglas Emmett from $17.00 to $15.00 and set a “neutral” rating on the stock in a research note on Friday, March 22nd. StockNews.com raised shares of Douglas Emmett from a “sell” rating to a “hold” rating in a report on Monday, May 20th. One research analyst has rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $13.67.

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Douglas Emmett Company Profile

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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.

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Institutional Ownership by Quarter for Douglas Emmett (NYSE:DEI)

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