5 Dividend Stocks to Buy According to Kenneth Tropin’s Graham Capital Management

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

Dividend Yield as of June 22: 5.05%
Graham Capital Management’s Stake Value: $3,568,000

Douglas Emmett, Inc. (NYSE:DEI) is a California-based real estate investment trust that owns multiple office buildings and apartment communities in Southern California. In Q1 2022, the company’s FFO fell in line with estimates at $0.50. Moreover, the company also reported an 87.7% growth in its leased rate, and its straight-line rents increased by 9.4% from the same period last year.

On May 27, Douglas Emmett, Inc. (NYSE:DEI) declared its quarterly dividend of $0.28 per share, in line with its previous dividend. The company’s dividend amount has remained the same for the past 10 consecutive quarters due to the pandemic-related financial instability. The stock’s dividend yield of 5.05% has reached its 10-year high, as recorded on June 22.

At the end of Q1 2022, Graham Capital owned 106,783 DEI shares, valued at over $3.56 million. The hedge fund increased its position in the company by 421%, which accounted for 0.12% of Kenneth Tropin’s portfolio.

In June, Credit Suisse initiated its coverage of Douglas Emmett, Inc. (NYSE:DEI) with an Outperform rating and a $27 price target, acknowledging the recovery in the company’s occupancy rates.

At the end of March 2022, 23 hedge funds in Insider Monkey’s database owned stakes in Douglas Emmett, Inc. (NYSE:DEI), up from 19 in the previous quarter. These stakes hold a collective value of nearly $463 million. Ken Griffin, Israel Englander, and Ric Dillon were the company’s prominent shareholders in Q1.