Squarepoint Ops LLC Grows Position in Douglas Emmett, Inc. (NYSE:DEI)

Squarepoint Ops LLC increased its position in Douglas Emmett, Inc. (NYSE:DEI) by 91.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 119,762 shares of the real estate investment trust’s stock after purchasing an additional 57,306 shares during the period. Squarepoint Ops LLC’s holdings in Douglas Emmett were worth $1,594,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Wolverine Asset Management LLC purchased a new stake in shares of Douglas Emmett in the 2nd quarter worth about $32,000. Quarry LP bought a new stake in Douglas Emmett during the fourth quarter worth about $57,000. Aspire Private Capital LLC grew its holdings in Douglas Emmett by 20.0% in the second quarter. Aspire Private Capital LLC now owns 9,537 shares of the real estate investment trust’s stock worth $127,000 after purchasing an additional 1,592 shares during the period. Xponance Inc. bought a new position in shares of Douglas Emmett during the second quarter valued at approximately $137,000. Finally, Choreo LLC purchased a new position in shares of Douglas Emmett during the second quarter valued at approximately $147,000. Institutional investors own 97.37% of the company’s stock.

Douglas Emmett Price Performance

DEI opened at $17.94 on Friday. The company’s 50-day simple moving average is $16.08 and its two-hundred day simple moving average is $14.54. The company has a debt-to-equity ratio of 1.47, a quick ratio of 5.11 and a current ratio of 5.11. The stock has a market capitalization of $3.00 billion, a P/E ratio of -57.87 and a beta of 1.11. Douglas Emmett, Inc. has a 52-week low of $10.76 and a 52-week high of $17.94.

Douglas Emmett (NYSE:DEI) last issued its quarterly earnings data on Thursday, August 8th. The real estate investment trust reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.37). Douglas Emmett had a negative net margin of 3.55% and a negative return on equity of 0.88%. The company had revenue of $245.80 million for the quarter, compared to the consensus estimate of $246.62 million. During the same quarter last year, the company earned $0.48 EPS. The firm’s revenue for the quarter was down 3.0% on a year-over-year basis. As a group, analysts predict that Douglas Emmett, Inc. will post 1.67 EPS for the current year.

Douglas Emmett Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 16th. Investors of record on Monday, September 30th will be issued a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 4.24%. The ex-dividend date of this dividend is Monday, September 30th. Douglas Emmett’s payout ratio is currently -245.16%.

Analysts Set New Price Targets

Several analysts recently weighed in on DEI shares. JPMorgan Chase & Co. upped their price target on Douglas Emmett from $15.00 to $18.00 and gave the stock a “neutral” rating in a research note on Monday, September 9th. Citigroup raised their price target on Douglas Emmett from $14.00 to $16.00 and gave the company a “neutral” rating in a report on Thursday, September 12th. Scotiabank upped their price target on shares of Douglas Emmett from $14.00 to $16.00 and gave the stock a “sector perform” rating in a research note on Monday, August 26th. Piper Sandler raised their price objective on shares of Douglas Emmett from $15.00 to $16.00 and gave the company a “neutral” rating in a research note on Monday, August 12th. Finally, Evercore ISI lifted their target price on shares of Douglas Emmett from $15.00 to $16.00 and gave the stock an “in-line” rating in a report on Wednesday, August 28th. Seven investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $16.29.

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.