Raleigh Capital Management Inc. Boosts Holdings in Douglas Emmett, Inc. (NYSE:DEI)

Raleigh Capital Management Inc. raised its stake in shares of Douglas Emmett, Inc. (NYSE:DEI) by 62.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,856 shares of the real estate investment trust’s stock after buying an additional 1,476 shares during the quarter. Raleigh Capital Management Inc.’s holdings in Douglas Emmett were worth $68,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of DEI. Blue Trust Inc. increased its holdings in Douglas Emmett by 1,081.5% in the 3rd quarter. Blue Trust Inc. now owns 3,710 shares of the real estate investment trust’s stock valued at $65,000 after acquiring an additional 3,396 shares during the last quarter. Swedbank AB grew its position in shares of Douglas Emmett by 23.0% during the third quarter. Swedbank AB now owns 45,255 shares of the real estate investment trust’s stock valued at $795,000 after purchasing an additional 8,468 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of Douglas Emmett by 44.6% in the third quarter. GAMMA Investing LLC now owns 3,811 shares of the real estate investment trust’s stock worth $67,000 after purchasing an additional 1,175 shares during the last quarter. SG Americas Securities LLC lifted its position in shares of Douglas Emmett by 105.3% in the third quarter. SG Americas Securities LLC now owns 322,585 shares of the real estate investment trust’s stock worth $5,668,000 after buying an additional 165,429 shares in the last quarter. Finally, Quarry LP boosted its stake in Douglas Emmett by 155.0% during the second quarter. Quarry LP now owns 4,121 shares of the real estate investment trust’s stock valued at $55,000 after buying an additional 2,505 shares during the last quarter. Institutional investors own 97.37% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Citigroup increased their target price on Douglas Emmett from $14.00 to $16.00 and gave the company a “neutral” rating in a research report on Thursday, September 12th. Scotiabank boosted their target price on shares of Douglas Emmett from $14.00 to $16.00 and gave the stock a “sector perform” rating in a report on Monday, August 26th. Wells Fargo & Company upped their target price on shares of Douglas Emmett from $15.00 to $17.00 and gave the company an “overweight” rating in a research report on Wednesday, September 11th. JPMorgan Chase & Co. lifted their price target on Douglas Emmett from $15.00 to $18.00 and gave the stock a “neutral” rating in a research report on Monday, September 9th. Finally, Evercore ISI upped their price objective on Douglas Emmett from $15.00 to $16.00 and gave the company an “in-line” rating in a research report on Wednesday, August 28th. Seven equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, Douglas Emmett currently has an average rating of “Hold” and an average target price of $16.29.

Douglas Emmett Stock Performance

Douglas Emmett stock opened at $18.36 on Thursday. Douglas Emmett, Inc. has a 1-year low of $10.76 and a 1-year high of $19.27. The company’s 50-day moving average is $16.84 and its 200 day moving average is $14.97. The firm has a market capitalization of $3.07 billion, a P/E ratio of -59.23 and a beta of 1.11. The company has a debt-to-equity ratio of 1.47, a current ratio of 5.11 and a quick ratio of 5.11.

Douglas Emmett (NYSE:DEI) last issued its quarterly earnings results on Thursday, August 8th. The real estate investment trust reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.37). Douglas Emmett had a negative return on equity of 0.88% and a negative net margin of 3.55%. The business had revenue of $245.80 million for the quarter, compared to the consensus estimate of $246.62 million. During the same period in the prior year, the business posted $0.48 earnings per share. Douglas Emmett’s revenue was down 3.0% on a year-over-year basis. Research analysts forecast that Douglas Emmett, Inc. will post 1.67 EPS for the current year.

Douglas Emmett Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 16th. Stockholders of record on Monday, September 30th were issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 4.14%. The ex-dividend date of this dividend was Monday, September 30th. Douglas Emmett’s payout ratio is presently -245.16%.

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.