Douglas Emmett, Inc. (NYSE:DEI) Shares Acquired by Metis Global Partners LLC

Metis Global Partners LLC increased its stake in Douglas Emmett, Inc. (NYSE:DEI) by 11.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,200 shares of the real estate investment trust’s stock after acquiring an additional 1,960 shares during the period. Metis Global Partners LLC’s holdings in Douglas Emmett were worth $356,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the stock. Proficio Capital Partners LLC purchased a new position in Douglas Emmett in the fourth quarter valued at $602,000. Principal Financial Group Inc. increased its holdings in Douglas Emmett by 2.9% in the fourth quarter. Principal Financial Group Inc. now owns 811,655 shares of the real estate investment trust’s stock valued at $15,064,000 after buying an additional 22,878 shares during the last quarter. New York State Teachers Retirement System increased its holdings in Douglas Emmett by 6.7% in the fourth quarter. New York State Teachers Retirement System now owns 112,422 shares of the real estate investment trust’s stock valued at $2,087,000 after buying an additional 7,046 shares during the last quarter. Asset Management One Co. Ltd. increased its holdings in Douglas Emmett by 2.3% in the fourth quarter. Asset Management One Co. Ltd. now owns 244,049 shares of the real estate investment trust’s stock valued at $4,547,000 after buying an additional 5,548 shares during the last quarter. Finally, Van ECK Associates Corp increased its holdings in Douglas Emmett by 16.1% in the fourth quarter. Van ECK Associates Corp now owns 35,906 shares of the real estate investment trust’s stock valued at $667,000 after buying an additional 4,989 shares during the last quarter. 97.37% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently commented on the company. StockNews.com lowered Douglas Emmett from a “hold” rating to a “sell” rating in a report on Thursday, February 6th. Jefferies Financial Group increased their target price on Douglas Emmett from $17.00 to $18.00 and gave the company a “hold” rating in a report on Thursday, January 2nd. Scotiabank raised Douglas Emmett from a “sector perform” rating to a “sector outperform” rating and raised their price objective for the stock from $16.00 to $21.00 in a report on Thursday, November 14th. Evercore ISI raised their price objective on Douglas Emmett from $16.00 to $19.00 and gave the stock an “in-line” rating in a report on Thursday, November 7th. Finally, Janney Montgomery Scott reaffirmed a “neutral” rating on shares of Douglas Emmett in a report on Wednesday, January 15th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $18.75.

Douglas Emmett Price Performance

Shares of DEI opened at $16.95 on Thursday. Douglas Emmett, Inc. has a fifty-two week low of $12.50 and a fifty-two week high of $20.50. The company has a market capitalization of $2.84 billion, a price-to-earnings ratio of 130.36 and a beta of 1.11. The firm has a 50-day simple moving average of $17.41 and a 200-day simple moving average of $17.71. The company has a debt-to-equity ratio of 1.50, a quick ratio of 4.09 and a current ratio of 4.32.

Douglas Emmett (NYSE:DEI) last announced its earnings results on Tuesday, February 4th. The real estate investment trust reported $0.38 earnings per share for the quarter, topping the consensus estimate of ($0.06) by $0.44. Douglas Emmett had a net margin of 2.38% and a return on equity of 0.63%. On average, equities research analysts anticipate that Douglas Emmett, Inc. will post 1.45 earnings per share for the current year.

Douglas Emmett Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be paid a dividend of $0.19 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.76 annualized dividend and a dividend yield of 4.49%. Douglas Emmett’s dividend payout ratio (DPR) is 584.62%.

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.