Quadrant Capital Group LLC grew its position in Douglas Emmett, Inc. (NYSE:DEI – Get Rating) by 1,066.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,566 shares of the real estate investment trust’s stock after purchasing an additional 6,003 shares during the period. Quadrant Capital Group LLC’s holdings in Douglas Emmett were worth $103,000 at the end of the most recent reporting period.
A number of other institutional investors have also added to or reduced their stakes in the company. Illinois Municipal Retirement Fund increased its position in shares of Douglas Emmett by 38.9% during the fourth quarter. Illinois Municipal Retirement Fund now owns 49,278 shares of the real estate investment trust’s stock valued at $773,000 after acquiring an additional 13,805 shares during the last quarter. State of New Jersey Common Pension Fund D increased its position in shares of Douglas Emmett by 12.0% during the 4th quarter. State of New Jersey Common Pension Fund D now owns 187,982 shares of the real estate investment trust’s stock valued at $2,948,000 after purchasing an additional 20,138 shares during the last quarter. Nisa Investment Advisors LLC raised its stake in shares of Douglas Emmett by 63.4% during the 3rd quarter. Nisa Investment Advisors LLC now owns 91,198 shares of the real estate investment trust’s stock worth $1,620,000 after purchasing an additional 35,371 shares during the period. Signaturefd LLC grew its position in Douglas Emmett by 400.7% during the third quarter. Signaturefd LLC now owns 1,467 shares of the real estate investment trust’s stock valued at $26,000 after buying an additional 1,174 shares during the period. Finally, Sowell Financial Services LLC grew its position in Douglas Emmett by 1.6% during the fourth quarter. Sowell Financial Services LLC now owns 76,976 shares of the real estate investment trust’s stock valued at $1,221,000 after buying an additional 1,200 shares during the period. 97.25% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of research analysts have weighed in on DEI shares. Piper Sandler upgraded shares of Douglas Emmett from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $13.00 to $15.00 in a research note on Wednesday, April 5th. StockNews.com started coverage on Douglas Emmett in a research report on Thursday, May 18th. They set a “hold” rating on the stock. TheStreet lowered shares of Douglas Emmett from a “c” rating to a “d+” rating in a research report on Tuesday, May 2nd. JPMorgan Chase & Co. decreased their price target on Douglas Emmett from $20.00 to $15.00 and set a “neutral” rating on the stock in a research report on Monday, April 10th. Finally, BMO Capital Markets lowered their price target on Douglas Emmett from $13.00 to $12.00 and set an “underperform” rating on the stock in a research report on Wednesday, March 29th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $15.78.
Douglas Emmett Trading Up 5.5 %
Douglas Emmett Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 18th. Stockholders of record on Friday, June 30th will be issued a dividend of $0.19 per share. The ex-dividend date of this dividend is Thursday, June 29th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 6.38%. Douglas Emmett’s dividend payout ratio is currently 149.02%.
Douglas Emmett Profile
Douglas Emmett, Inc is a real estate investment trust, engages in the acquisition, development, ownership, and management of real estate properties. It operates through the following segments: Office, and Multifamily. The Office segment comprises rental of office space and other tenant services, including parking and storage space rental.
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