Van ECK Associates Corp Purchases 2,798 Shares of Douglas Emmett, Inc. (NYSE:DEI)

Van ECK Associates Corp boosted its holdings in shares of Douglas Emmett, Inc. (NYSE:DEI) by 10.0% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 30,917 shares of the real estate investment trust’s stock after buying an additional 2,798 shares during the period. Van ECK Associates Corp’s holdings in Douglas Emmett were worth $568,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Wolverine Asset Management LLC bought a new stake in shares of Douglas Emmett during the 2nd quarter valued at about $32,000. Blue Trust Inc. lifted its position in Douglas Emmett by 1,081.5% during the third quarter. Blue Trust Inc. now owns 3,710 shares of the real estate investment trust’s stock valued at $65,000 after purchasing an additional 3,396 shares during the last quarter. GAMMA Investing LLC grew its stake in Douglas Emmett by 44.6% in the 3rd quarter. GAMMA Investing LLC now owns 3,811 shares of the real estate investment trust’s stock worth $67,000 after buying an additional 1,175 shares in the last quarter. Raleigh Capital Management Inc. increased its holdings in shares of Douglas Emmett by 62.0% in the 3rd quarter. Raleigh Capital Management Inc. now owns 3,856 shares of the real estate investment trust’s stock worth $68,000 after buying an additional 1,476 shares during the last quarter. Finally, Quarry LP raised its position in shares of Douglas Emmett by 155.0% during the 2nd 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 in the last quarter. 97.37% of the stock is currently owned by hedge funds and other institutional investors.

Douglas Emmett Stock Down 4.6 %

Shares of Douglas Emmett stock opened at $18.16 on Wednesday. The company has a debt-to-equity ratio of 1.51, a quick ratio of 5.11 and a current ratio of 4.09. Douglas Emmett, Inc. has a 52-week low of $10.76 and a 52-week high of $19.59. The company’s 50 day moving average price is $17.59 and its 200-day moving average price is $15.45. The stock has a market capitalization of $3.04 billion, a price-to-earnings ratio of -181.70 and a beta of 1.10.

Douglas Emmett (NYSE:DEI) last released its quarterly earnings data on Monday, November 4th. The real estate investment trust reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.38). The firm had revenue of $250.75 million during the quarter, compared to analysts’ expectations of $242.75 million. Douglas Emmett had a negative net margin of 1.68% and a negative return on equity of 0.43%. Douglas Emmett’s revenue was down 1.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.45 EPS. Equities research analysts forecast that Douglas Emmett, Inc. will post 1.7 EPS for the current year.

Douglas Emmett Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 16th. Shareholders of record on Monday, September 30th were issued a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 4.19%. The ex-dividend date was Monday, September 30th. Douglas Emmett’s dividend payout ratio (DPR) is currently -760.00%.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Piper Sandler upped their target price on shares of Douglas Emmett from $15.00 to $16.00 and gave the stock a “neutral” rating in a research report on Monday, August 12th. Citigroup upped their price objective on Douglas Emmett from $14.00 to $16.00 and gave the stock a “neutral” rating in a report on Thursday, September 12th. Evercore ISI raised their price objective on Douglas Emmett from $16.00 to $19.00 and gave the company an “in-line” rating in a report on Thursday, November 7th. JPMorgan Chase & Co. upped their target price on Douglas Emmett from $15.00 to $18.00 and gave the stock a “neutral” rating in a research note on Monday, September 9th. Finally, Wells Fargo & Company lifted their price target on shares of Douglas Emmett from $15.00 to $17.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 11th. Seven investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $16.71.

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.