Wolverine Asset Management LLC Invests $516,000 in Douglas Emmett, Inc. (NYSE:DEI)

Wolverine Asset Management LLC purchased a new position in shares of Douglas Emmett, Inc. (NYSE:DEI) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 35,582 shares of the real estate investment trust’s stock, valued at approximately $516,000.

Several other large investors have also modified their holdings of DEI. Sowell Financial Services LLC raised its stake in Douglas Emmett by 0.5% during the fourth quarter. Sowell Financial Services LLC now owns 133,538 shares of the real estate investment trust’s stock worth $1,962,000 after acquiring an additional 723 shares during the period. Raymond James & Associates raised its stake in Douglas Emmett by 1.6% during the third quarter. Raymond James & Associates now owns 72,668 shares of the real estate investment trust’s stock worth $927,000 after acquiring an additional 1,151 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Douglas Emmett by 2.4% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 68,646 shares of the real estate investment trust’s stock worth $876,000 after acquiring an additional 1,596 shares during the period. Pathstone Family Office LLC raised its stake 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 acquiring an additional 1,617 shares during the period. Finally, Orion Portfolio Solutions LLC raised its stake in Douglas Emmett by 13.5% during the third quarter. Orion Portfolio Solutions LLC now owns 17,012 shares of the real estate investment trust’s stock worth $217,000 after acquiring an additional 2,024 shares during the period. Institutional investors own 97.37% of the company’s stock.

Wall Street Analysts Forecast Growth

DEI has been the topic of several recent analyst reports. Jefferies Financial Group raised Douglas Emmett from an “underperform” rating to a “hold” rating and lifted their target price for the company from $10.00 to $15.00 in a research note on Tuesday, January 2nd. Piper Sandler cut their price objective on shares of Douglas Emmett from $17.00 to $15.00 and set a “neutral” rating on the stock in a research note on Friday, March 22nd. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $13.67.

Douglas Emmett Stock Up 0.5 %

Shares of NYSE DEI opened at $13.38 on Friday. Douglas Emmett, Inc. has a 1 year low of $10.09 and a 1 year high of $16.12. The stock has a fifty day moving average price of $13.40 and a two-hundred day moving average price of $13.27. The company has a quick ratio of 4.91, a current ratio of 4.91 and a debt-to-equity ratio of 1.44.

Douglas Emmett Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 16th. Shareholders of record on Thursday, March 28th were issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 5.68%. The ex-dividend date was Wednesday, March 27th. Douglas Emmett’s payout ratio is -292.31%.

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.