Victory Capital Management Inc. Increases Stake in Douglas Emmett, Inc. (NYSE:DEI)

Victory Capital Management Inc. increased its holdings in shares of Douglas Emmett, Inc. (NYSE:DEI) by 1.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,593,909 shares of the real estate investment trust’s stock after buying an additional 15,704 shares during the period. Victory Capital Management Inc. owned about 0.95% of Douglas Emmett worth $29,583,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in DEI. Venturi Wealth Management LLC purchased a new stake in shares of Douglas Emmett in the 3rd quarter valued at approximately $48,000. Smartleaf Asset Management LLC increased its position in shares of Douglas Emmett by 222.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 4,252 shares of the real estate investment trust’s stock valued at $79,000 after purchasing an additional 2,933 shares during the last quarter. GAMMA Investing LLC increased its position in shares of Douglas Emmett by 19.7% in the 4th quarter. GAMMA Investing LLC now owns 4,561 shares of the real estate investment trust’s stock valued at $85,000 after purchasing an additional 750 shares during the last quarter. Raleigh Capital Management Inc. increased its position in shares of Douglas Emmett by 30.4% in the 4th quarter. Raleigh Capital Management Inc. now owns 5,028 shares of the real estate investment trust’s stock valued at $93,000 after purchasing an additional 1,172 shares during the last quarter. Finally, KBC Group NV increased its position in shares of Douglas Emmett by 41.1% in the 4th quarter. KBC Group NV now owns 6,926 shares of the real estate investment trust’s stock valued at $129,000 after purchasing an additional 2,018 shares during the last quarter. 97.37% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

DEI has been the topic of a number of recent analyst reports. Scotiabank raised shares of Douglas Emmett from a “sector perform” rating to a “sector outperform” rating and increased their price objective for the company from $16.00 to $21.00 in a research report on Thursday, November 14th. Wedbush raised shares of Douglas Emmett from a “neutral” rating to an “outperform” rating and increased their price objective for the company from $19.00 to $21.00 in a research report on Thursday, January 2nd. Piper Sandler raised shares of Douglas Emmett from a “neutral” rating to an “overweight” rating and set a $20.00 price objective on the stock in a research report on Monday, January 13th. StockNews.com cut shares of Douglas Emmett from a “hold” rating to a “sell” rating in a report on Thursday, February 6th. Finally, Janney Montgomery Scott restated a “neutral” rating on shares of Douglas Emmett in a report on Wednesday, January 15th. One analyst has rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, Douglas Emmett has an average rating of “Hold” and a consensus price target of $18.75.

Douglas Emmett Stock Up 4.8 %

Shares of NYSE:DEI opened at $17.38 on Monday. The stock has a market cap of $2.91 billion, a P/E ratio of 133.70 and a beta of 1.13. The firm has a fifty day moving average price of $17.34 and a 200 day moving average price of $17.76. The company has a debt-to-equity ratio of 1.50, a current ratio of 4.32 and a quick ratio of 4.09. Douglas Emmett, Inc. has a 1-year low of $12.50 and a 1-year high of $20.50.

Douglas Emmett (NYSE:DEI) last issued its quarterly earnings results on Tuesday, February 4th. The real estate investment trust reported $0.38 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.44. Douglas Emmett had a net margin of 2.38% and a return on equity of 0.63%. Sell-side analysts predict that Douglas Emmett, Inc. will post 1.45 EPS for the current year.

Douglas Emmett Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be paid a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 4.37%. The ex-dividend date is Monday, March 31st. Douglas Emmett’s dividend payout ratio is currently 584.62%.

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.