Douglas Emmett (NYSE:DEI) Stock Price Up 4.7%

Shares of Douglas Emmett, Inc. (NYSE:DEI) rose 4.7% during mid-day trading on Wednesday . The stock traded as high as $13.57 and last traded at $13.56. Approximately 240,360 shares changed hands during trading, a decline of 88% from the average daily volume of 1,968,260 shares. The stock had previously closed at $12.95.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on DEI shares. Jefferies Financial Group upgraded Douglas Emmett from an “underperform” rating to a “hold” rating and upped their target price for the company from $10.00 to $15.00 in a research note on Tuesday, January 2nd. Piper Sandler dropped their price objective on shares of Douglas Emmett from $17.00 to $15.00 and set a “neutral” rating for the company in a research note on Friday, March 22nd. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, Douglas Emmett has an average rating of “Hold” and an average price target of $13.63.

Douglas Emmett Trading Up 1.5 %

The company has a market capitalization of $2.32 billion, a PE ratio of -53.37 and a beta of 1.06. The company has a debt-to-equity ratio of 1.44, a quick ratio of 4.91 and a current ratio of 4.91. The business has a fifty day moving average price of $13.56 and a 200 day moving average price of $13.19.

Douglas Emmett Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 16th. Investors of record on Thursday, March 28th will be issued a $0.19 dividend. The ex-dividend date is Wednesday, March 27th. This represents a $0.76 annualized dividend and a yield of 5.48%. Douglas Emmett’s payout ratio is -292.31%.

Institutional Investors Weigh In On Douglas Emmett

Institutional investors have recently bought and sold shares of the business. Quantbot Technologies LP acquired a new position in shares of Douglas Emmett during the 1st quarter valued at $40,000. Aspire Private Capital LLC raised its position in Douglas Emmett by 253.2% in the fourth quarter. Aspire Private Capital LLC now owns 1,660 shares of the real estate investment trust’s stock valued at $26,028,800,000 after purchasing an additional 1,190 shares during the period. Frazier Financial Advisors LLC acquired a new position in shares of Douglas Emmett during the fourth quarter worth about $46,000. GAMMA Investing LLC purchased a new stake in shares of Douglas Emmett in the fourth quarter worth about $43,000. Finally, Advisory Services Network LLC grew its stake in shares of Douglas Emmett by 94.7% in the first quarter. Advisory Services Network LLC now owns 3,695 shares of the real estate investment trust’s stock valued at $46,000 after buying an additional 1,797 shares in the last quarter. 97.37% of the stock is currently owned by hedge funds and other institutional investors.

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.