NFJ Investment Group LLC Acquires New Holdings in Douglas Emmett, Inc. (NYSE:DEI)

NFJ Investment Group LLC bought a new position in shares of Douglas Emmett, Inc. (NYSE:DEI) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 353,461 shares of the real estate investment trust’s stock, valued at approximately $6,210,000. NFJ Investment Group LLC owned 0.21% of Douglas Emmett at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the stock. Wolverine Asset Management LLC purchased a new position in shares of Douglas Emmett during the 2nd quarter worth approximately $32,000. Venturi Wealth Management LLC acquired a new position in Douglas Emmett during the third quarter worth $48,000. Quarry LP boosted its position in shares of Douglas Emmett by 155.0% during the second quarter. Quarry LP now owns 4,121 shares of the real estate investment trust’s stock worth $55,000 after buying an additional 2,505 shares during the period. Blue Trust Inc. grew its stake in shares of Douglas Emmett by 1,081.5% in the third quarter. Blue Trust Inc. now owns 3,710 shares of the real estate investment trust’s stock valued at $65,000 after buying an additional 3,396 shares in the last quarter. Finally, GAMMA Investing LLC raised its holdings in shares of Douglas Emmett by 44.6% in the 3rd quarter. GAMMA Investing LLC now owns 3,811 shares of the real estate investment trust’s stock valued at $67,000 after buying an additional 1,175 shares during the period. 97.37% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Piper Sandler raised their target price on Douglas Emmett from $15.00 to $16.00 and gave the company a “neutral” rating in a report on Monday, August 12th. Citigroup raised their price objective on shares of Douglas Emmett from $14.00 to $16.00 and gave the company a “neutral” rating in a research note on Thursday, September 12th. Scotiabank raised shares of Douglas Emmett from a “sector perform” rating to a “sector outperform” rating and upped their target price for the stock from $16.00 to $21.00 in a research note on Thursday, November 14th. Evercore ISI raised their price target on shares of Douglas Emmett from $16.00 to $19.00 and gave the company an “in-line” rating in a research report on Thursday, November 7th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Douglas Emmett from $15.00 to $18.00 and gave the stock a “neutral” rating in a research note on Monday, September 9th. Six research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $17.43.

Douglas Emmett Trading Down 0.5 %

NYSE DEI opened at $19.15 on Wednesday. Douglas Emmett, Inc. has a 52 week low of $12.35 and a 52 week high of $19.80. The firm has a 50 day moving average of $18.37 and a two-hundred day moving average of $16.00. The stock has a market capitalization of $3.21 billion, a PE ratio of -191.50 and a beta of 1.11. The company has a quick ratio of 4.09, a current ratio of 4.09 and a debt-to-equity ratio of 1.51.

Douglas Emmett (NYSE:DEI) last posted its earnings results on Monday, November 4th. The real estate investment trust reported $0.03 EPS for the quarter, missing the consensus estimate of $0.41 by ($0.38). The business had revenue of $250.75 million during the quarter, compared to analysts’ expectations of $242.75 million. Douglas Emmett had a negative net margin of 1.68% and a negative return on equity of 0.43%. The business’s quarterly revenue was down 1.8% compared to the same quarter last year. During the same period last year, the company earned $0.45 EPS. As a group, research analysts expect that Douglas Emmett, Inc. will post 1.7 EPS for the current fiscal year.

Douglas Emmett Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 16th. Investors of record on Monday, September 30th were paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 3.97%. The ex-dividend date was Monday, September 30th. Douglas Emmett’s payout ratio is -760.00%.

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.