Centersquare Investment Management LLC Boosts Stock Position in Douglas Emmett, Inc. (NYSE:DEI)

Centersquare Investment Management LLC grew its stake in shares of Douglas Emmett, Inc. (NYSE:DEI) by 20.8% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,363,009 shares of the real estate investment trust’s stock after buying an additional 751,419 shares during the period. Centersquare Investment Management LLC’s holdings in Douglas Emmett were worth $59,817,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. GAMMA Investing LLC bought a new stake in Douglas Emmett during the 4th quarter valued at approximately $43,000. Frazier Financial Advisors LLC bought a new stake in Douglas Emmett during the 4th quarter valued at approximately $46,000. Quarry LP bought a new stake in Douglas Emmett during the 4th quarter valued at approximately $57,000. Metis Global Partners LLC bought a new stake in Douglas Emmett during the 4th quarter valued at approximately $156,000. Finally, Altfest L J & Co. Inc. bought a new stake in Douglas Emmett during the 4th quarter valued at approximately $183,000. 97.37% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

DEI has been the topic of several recent analyst reports. Piper Sandler decreased their target price on Douglas Emmett from $17.00 to $15.00 and set a “neutral” rating on the stock in a research note on Friday, March 22nd. StockNews.com raised Douglas Emmett from a “sell” rating to a “hold” rating in a research note on Monday, May 20th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, Douglas Emmett currently has a consensus rating of “Hold” and an average target price of $13.67.

Douglas Emmett Price Performance

NYSE:DEI traded down $0.16 during trading hours on Friday, reaching $14.55. The stock had a trading volume of 1,337,932 shares, compared to its average volume of 1,350,635. The company has a debt-to-equity ratio of 1.45, a quick ratio of 4.42 and a current ratio of 4.42. Douglas Emmett, Inc. has a 52 week low of $10.76 and a 52 week high of $16.12. The company has a 50 day moving average price of $13.73 and a two-hundred day moving average price of $13.66. The stock has a market capitalization of $2.44 billion, a PE ratio of -46.94 and a beta of 1.09.

Douglas Emmett Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 16th. Stockholders of record on Friday, June 28th were given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 5.22%. The ex-dividend date of this dividend was Friday, June 28th. Douglas Emmett’s dividend payout ratio is currently -245.16%.

Insider Activity

In related news, Director William E. Simon, Jr. bought 45,000 shares of the business’s stock in a transaction dated Monday, June 10th. The shares were purchased at an average price of $13.15 per share, with a total value of $591,750.00. Following the transaction, the director now owns 45,000 shares in the company, valued at approximately $591,750. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 14.70% of the company’s stock.

Douglas Emmett 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.