Zurcher Kantonalbank Zurich Cantonalbank Has $1.97 Million Stake in Douglas Emmett, Inc. (NYSE:DEI)

Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Douglas Emmett, Inc. (NYSE:DEI) by 49.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 105,952 shares of the real estate investment trust’s stock after buying an additional 35,081 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank owned approximately 0.06% of Douglas Emmett worth $1,966,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Smartleaf Asset Management LLC boosted its stake in 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 buying an additional 2,933 shares in the last quarter. GAMMA Investing LLC boosted its stake in 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 buying an additional 750 shares in the last quarter. Raleigh Capital Management Inc. boosted its stake in 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 buying an additional 1,172 shares in the last quarter. KBC Group NV boosted its stake in 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 buying an additional 2,018 shares in the last quarter. Finally, Paloma Partners Management Co acquired a new stake in Douglas Emmett in the 3rd quarter valued at $176,000. Institutional investors and hedge funds own 97.37% of the company’s stock.

Wall Street Analyst Weigh In

DEI has been the topic of several recent analyst reports. Piper Sandler raised 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. Wedbush upgraded Douglas Emmett from a “neutral” rating to an “outperform” rating and lifted their price objective for the company from $19.00 to $21.00 in a research report on Thursday, January 2nd. StockNews.com downgraded Douglas Emmett from a “hold” rating to a “sell” rating in a research report on Thursday, February 6th. Janney Montgomery Scott reiterated a “neutral” rating on shares of Douglas Emmett in a research report on Wednesday, January 15th. Finally, Jefferies Financial Group lifted their price objective on Douglas Emmett from $17.00 to $18.00 and gave the company a “hold” rating in a research report on Thursday, January 2nd. One research 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’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $18.75.

Douglas Emmett Trading Up 1.6 %

DEI stock opened at $15.64 on Monday. The company has a market cap of $2.62 billion, a P/E ratio of 120.32 and a beta of 1.13. Douglas Emmett, Inc. has a twelve month low of $12.50 and a twelve month 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 business has a fifty day moving average of $17.07 and a 200-day moving average of $17.76.

Douglas Emmett (NYSE:DEI) last announced its quarterly earnings data on Tuesday, February 4th. The real estate investment trust reported $0.38 EPS for the quarter, topping 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%. As a group, equities research 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. Investors of record on Monday, March 31st will be paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 4.86%. The ex-dividend date is Monday, March 31st. Douglas Emmett’s payout ratio 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.