Sat Sep 28 17:17:06 UTC 2024: ## Caxton Associates Cuts Stake in Douglas Emmett, While Other Funds Increase Holdings
**New York, NY** – Caxton Associates LP reduced its stake in Douglas Emmett, Inc. (NYSE: DEI) by 48% during the second quarter, according to HoldingsChannel.com. The hedge fund now owns 36,514 shares of the real estate investment trust, valued at $486,000.
However, other institutional investors have increased their positions in Douglas Emmett. Vanguard Group Inc., Wellington Management Group LLP, and Massachusetts Financial Services Co. MA all boosted their holdings during the fourth quarter, while Centersquare Investment Management LLC and Goldman Sachs Group Inc. added to their stakes in the first and fourth quarters, respectively. Institutional investors now own 97.37% of the company’s stock.
Analysts are generally optimistic about Douglas Emmett, with several firms recently raising their price targets. Wells Fargo & Company, Evercore ISI, Citigroup, Scotiabank, and JPMorgan Chase & Co. have all increased their price objectives on the stock. Currently, eight analysts rate the stock as a “hold” and one rates it as a “buy,” resulting in a consensus rating of “Hold” and a target price of $15.88.
Despite missing analysts’ estimates for the second quarter, Douglas Emmett remains a dividend-paying company. The REIT declared a quarterly dividend of $0.19 per share, payable on October 16th, representing an annualized dividend of $0.76 and a yield of 4.34%.
Douglas Emmett focuses on owning and operating high-quality office and multifamily properties in prime coastal markets like Los Angeles and Honolulu. The company’s strategy centers on acquiring a substantial share of top-tier properties in neighborhoods with limited supply, high-end housing, and key lifestyle amenities.
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