NumerixS Investment Technologies Inc acquired a new position in shares of Douglas Emmett, Inc. (NYSE:DEI) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 7,400 shares of the real estate investment trust’s stock, valued at approximately $300,000.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc increased its stake in shares of Douglas Emmett by 1.6% in the third quarter. Vanguard Group Inc now owns 23,659,581 shares of the real estate investment trust’s stock worth $892,439,000 after acquiring an additional 368,007 shares during the last quarter. BlackRock Inc. boosted its holdings in Douglas Emmett by 1.9% during the first quarter. BlackRock Inc. now owns 20,176,003 shares of the real estate investment trust’s stock valued at $815,515,000 after acquiring an additional 378,247 shares during the period. Cohen & Steers Inc. boosted its holdings in Douglas Emmett by 8.8% during the fourth quarter. Cohen & Steers Inc. now owns 5,081,270 shares of the real estate investment trust’s stock valued at $173,424,000 after acquiring an additional 410,707 shares during the period. Boston Partners boosted its holdings in Douglas Emmett by 2.9% during the first quarter. Boston Partners now owns 5,003,612 shares of the real estate investment trust’s stock valued at $202,246,000 after acquiring an additional 140,119 shares during the period. Finally, Daiwa Securities Group Inc. boosted its holdings in Douglas Emmett by 10.8% during the fourth quarter. Daiwa Securities Group Inc. now owns 4,169,735 shares of the real estate investment trust’s stock valued at $142,313,000 after acquiring an additional 406,702 shares during the period. 92.18% of the stock is currently owned by institutional investors and hedge funds.
Shares of DEI remained flat at $$39.84 during mid-day trading on Monday. 557,175 shares of the stock traded hands, compared to its average volume of 859,625. Douglas Emmett, Inc. has a twelve month low of $32.32 and a twelve month high of $42.41. The company has a market capitalization of $6.78 billion, a PE ratio of 19.72, a PEG ratio of 3.08 and a beta of 0.70. The company has a debt-to-equity ratio of 1.09, a current ratio of 2.00 and a quick ratio of 2.00. The business has a 50 day moving average of $40.86.
The firm also recently declared a quarterly dividend, which will be paid on Friday, July 12th. Shareholders of record on Friday, June 28th will be paid a $0.26 dividend. The ex-dividend date of this dividend is Thursday, June 27th. This represents a $1.04 annualized dividend and a yield of 2.61%. Douglas Emmett’s payout ratio is currently 51.49%.
Separately, Zacks Investment Research cut shares of Douglas Emmett from a “buy” rating to a “hold” rating in a research note on Thursday, May 9th. Six research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Douglas Emmett currently has a consensus rating of “Hold” and an average target price of $41.33.
In other Douglas Emmett news, Chairman Dan A. Emmett sold 40,000 shares of Douglas Emmett stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $40.78, for a total value of $1,631,200.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 16.20% of the stock is currently owned by insiders.
About Douglas Emmett
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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