3,185 Shares in Douglas Emmett, Inc. (NYSE:DEI) Purchased by Frazier Financial Advisors LLC

Frazier Financial Advisors LLC acquired a new position in shares of Douglas Emmett, Inc. (NYSE:DEI) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 3,185 shares of the real estate investment trust’s stock, valued at approximately $46,000.

Other institutional investors also recently made changes to their positions in the company. GAMMA Investing LLC acquired a new position in Douglas Emmett in the fourth quarter worth $43,000. Aspire Private Capital LLC grew its position in Douglas Emmett by 34.7% in the 3rd quarter. Aspire Private Capital LLC now owns 9,850 shares of the real estate investment trust’s stock valued at $126,000 after buying an additional 2,535 shares in the last quarter. Metis Global Partners LLC bought a new stake in shares of Douglas Emmett during the 4th quarter worth about $156,000. Altfest L J & Co. Inc. acquired a new stake in shares of Douglas Emmett in the 4th quarter worth approximately $183,000. Finally, Pathstone Family Office LLC raised its holdings in Douglas Emmett by 12.6% during the third quarter. Pathstone Family Office LLC now owns 14,451 shares of the real estate investment trust’s stock worth $185,000 after purchasing an additional 1,617 shares in the last quarter. 97.37% of the stock is owned by institutional investors and hedge funds.

Douglas Emmett Stock Performance

Shares of DEI traded down $0.26 during midday trading on Thursday, reaching $13.55. 361,331 shares of the stock were exchanged, compared to its average volume of 1,785,604. The firm has a 50 day simple moving average of $13.62 and a 200-day simple moving average of $13.57. The company has a quick ratio of 4.42, a current ratio of 4.42 and a debt-to-equity ratio of 1.45. Douglas Emmett, Inc. has a 12-month low of $10.76 and a 12-month high of $16.12.

Douglas Emmett Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 16th. Shareholders of record on Thursday, March 28th were issued a dividend of $0.19 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.76 annualized dividend and a yield of 5.61%. Douglas Emmett’s dividend payout ratio (DPR) is presently -245.16%.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on DEI shares. Piper Sandler cut their price objective on Douglas Emmett from $17.00 to $15.00 and set a “neutral” rating for the company in a report on Friday, March 22nd. StockNews.com raised Douglas Emmett from a “sell” rating to a “hold” rating in a report on Monday. One investment analyst has rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, Douglas Emmett has an average rating of “Hold” and an average price target of $13.67.

About Douglas Emmett

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.