Proficio Capital Partners LLC Takes $602,000 Position in Douglas Emmett, Inc. (NYSE:DEI)

Proficio Capital Partners LLC bought a new stake in Douglas Emmett, Inc. (NYSE:DEI) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 32,426 shares of the real estate investment trust’s stock, valued at approximately $602,000.

Several other hedge funds and other institutional investors have also made changes to their positions in DEI. Van ECK Associates Corp lifted its position in shares of Douglas Emmett by 10.0% in the third quarter. Van ECK Associates Corp now owns 30,917 shares of the real estate investment trust’s stock valued at $568,000 after acquiring an additional 2,798 shares in the last quarter. Venturi Wealth Management LLC purchased a new position in Douglas Emmett during the third quarter worth approximately $48,000. Victory Capital Management Inc. lifted its position in Douglas Emmett by 4,395.5% during the third quarter. Victory Capital Management Inc. now owns 1,578,205 shares of the real estate investment trust’s stock worth $27,729,000 after buying an additional 1,543,099 shares in the last quarter. Metis Global Partners LLC lifted its position in Douglas Emmett by 31.6% during the third quarter. Metis Global Partners LLC now owns 17,240 shares of the real estate investment trust’s stock worth $303,000 after buying an additional 4,142 shares in the last quarter. Finally, Natixis Advisors LLC lifted its position in Douglas Emmett by 8.5% during the third quarter. Natixis Advisors LLC now owns 56,088 shares of the real estate investment trust’s stock worth $985,000 after buying an additional 4,410 shares in the last quarter. Hedge funds and other institutional investors own 97.37% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Janney Montgomery Scott reiterated a “neutral” rating on shares of Douglas Emmett in a research report on Wednesday, January 15th. Jefferies Financial Group lifted their price objective on Douglas Emmett from $17.00 to $18.00 and gave the stock a “hold” rating in a research report on Thursday, January 2nd. Scotiabank upgraded Douglas Emmett from a “sector perform” rating to a “sector outperform” rating and lifted their price objective for the stock from $16.00 to $21.00 in a research report on Thursday, November 14th. StockNews.com downgraded Douglas Emmett from a “hold” rating to a “sell” rating in a research report on Thursday, February 6th. Finally, Wedbush upgraded Douglas Emmett from a “neutral” rating to an “outperform” rating and lifted their target price for the company from $19.00 to $21.00 in a research report on Thursday, January 2nd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $18.75.

Douglas Emmett Price Performance

NYSE:DEI opened at $17.38 on Monday. Douglas Emmett, Inc. has a 52 week low of $12.50 and a 52 week high of $20.50. The company has a quick ratio of 4.09, a current ratio of 4.32 and a debt-to-equity ratio of 1.50. The company has a market capitalization of $2.91 billion, a P/E ratio of 133.70 and a beta of 1.13. The stock’s fifty day moving average is $17.34 and its two-hundred day moving average is $17.76.

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

Douglas Emmett Dividend Announcement

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