5 Best Dividend Stocks to Buy According to Mason Hawkins’ Southeastern Asset Management

4. Douglas Emmett, Inc. (NYSE: DEI)

Hawkins’ Stake Value: $125,422,000
Percentage of Mason Hawkins’ 13F Portfolio: 2.68%
Dividend Yield: 3.2%
Number of Hedge Fund Holders: 14

Douglas Emmett, Inc. (NYSE: DEI) is a self-managed real estate investment trust. The company was founded in 1971 and is ranked fourth on the list of 10 best dividend stocks to buy according to Mason Hawkins’ Southeastern Asset Management. Douglas shares have gained about 15.10% in value over the last 12 months.

On June 3, Mizuho Securities analyst Omotayo Okusanya upgraded Douglas Emmett Inc. (NYSE: DEI) from “Neutral” to “Buy” with a price target of $40.00. On May 27, the company declared its quarterly dividend of $0.28 per share, in line with the previous. On May 4, the company declared its funds from operations (FFO) for the first quarter of 2021. It posted funds from operations (FFO) of $0.44, beating the market predictions by $0.02. 

Southeastern Asset Management holds 3.99 million shares in the company worth $125.42 million, representing 2.68% of their portfolio. Out of the hedge funds being tracked by Insider Monkey, New York-based investment firm First Eagle Investment Management is a leading shareholder in Douglas Emmett, Inc. (NYSE: DEI) with 6.91 million shares worth $216.98 million.

Baron Partners Fund, in its third quarter 2020 investor letter, mentioned Douglas Emmett. Here is what Baron Partners Fund has to say about Douglas Emmett in its letter:

“Douglas Emmett, Inc. is a REIT with a portfolio of office and apartment properties located in west Los Angeles and Hawaii. The stock fell on investor concerns that a portion of tenants would be unable to pay rent in a timely manner (in some instances as a result of new municipal laws). We retain conviction owing to Douglas Emmett’s irreplaceable portfolio, attractive sub-markets, and low debt levels.”