United Services Automobile Association Takes Position in Douglas Emmett, Inc. (NYSE:DEI)

United Services Automobile Association acquired a new position in shares of Douglas Emmett, Inc. (NYSE:DEI) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 10,853 shares of the real estate investment trust’s stock, valued at approximately $201,000.

Other large investors have also recently made changes to their positions in the company. Fox Run Management L.L.C. grew its holdings in Douglas Emmett by 143.9% during the 4th quarter. Fox Run Management L.L.C. now owns 29,985 shares of the real estate investment trust’s stock worth $557,000 after acquiring an additional 17,689 shares in the last quarter. KLP Kapitalforvaltning AS purchased a new stake in shares of Douglas Emmett during the 4th quarter worth $655,000. Quantbot Technologies LP grew its stake in shares of Douglas Emmett by 89.6% during the fourth quarter. Quantbot Technologies LP now owns 9,429 shares of the real estate investment trust’s stock worth $175,000 after purchasing an additional 4,455 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in Douglas Emmett by 37.2% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 87,969 shares of the real estate investment trust’s stock valued at $1,633,000 after buying an additional 23,853 shares during the last quarter. Finally, Xponance Inc. raised its stake in Douglas Emmett by 8.6% in the fourth quarter. Xponance Inc. now owns 11,634 shares of the real estate investment trust’s stock valued at $216,000 after buying an additional 920 shares in the last quarter. 97.37% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on DEI. Janney Montgomery Scott reiterated a “neutral” rating on shares of Douglas Emmett in a report on Wednesday, January 15th. StockNews.com cut shares of Douglas Emmett from a “hold” rating to a “sell” rating in a report on Thursday, February 6th. Jefferies Financial Group initiated coverage on shares of Douglas Emmett in a research report on Monday, March 17th. They set a “hold” rating and a $16.00 price objective for the company. Piper Sandler upgraded shares of Douglas Emmett from a “neutral” rating to an “overweight” rating and set a $20.00 price target on the stock in a research note on Monday, January 13th. Finally, Wedbush upgraded shares of Douglas Emmett from a “neutral” rating to an “outperform” rating and upped their price objective for the company from $19.00 to $21.00 in a research note on Thursday, January 2nd. One investment analyst has rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $18.50.

Douglas Emmett Price Performance

Shares of NYSE:DEI opened at $16.65 on Tuesday. Douglas Emmett, Inc. has a one year low of $12.50 and a one year high of $20.50. The stock has a market capitalization of $2.79 billion, a price-to-earnings ratio of 128.05 and a beta of 1.13. The company has a 50-day simple moving average of $16.95 and a 200-day simple moving average of $17.77. 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 posted its quarterly earnings data on Tuesday, February 4th. The real estate investment trust reported $0.38 EPS for the quarter, beating the consensus estimate of ($0.06) by $0.44. Douglas Emmett had a return on equity of 0.63% and a net margin of 2.38%. On average, analysts predict that Douglas Emmett, Inc. will post 1.45 EPS for the current year.

Douglas Emmett Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be given a $0.19 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.76 dividend on an annualized basis and a yield of 4.57%. Douglas Emmett’s dividend payout ratio (DPR) is 584.62%.

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.