Daiwa Securities Group Inc. Increases Holdings in Douglas Emmett, Inc. (NYSE:DEI)

Daiwa Securities Group Inc. lifted its position in Douglas Emmett, Inc. (NYSE:DEI) by 6.8% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 62,251 shares of the real estate investment trust’s stock after buying an additional 3,942 shares during the period. Daiwa Securities Group Inc.’s holdings in Douglas Emmett were worth $1,094,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Wolverine Asset Management LLC bought a new stake in shares of Douglas Emmett during the 2nd quarter valued at about $32,000. Venturi Wealth Management LLC bought a new stake in Douglas Emmett during the third quarter valued at approximately $48,000. Quarry LP increased its holdings in Douglas Emmett by 155.0% during the second quarter. Quarry LP now owns 4,121 shares of the real estate investment trust’s stock valued at $55,000 after buying an additional 2,505 shares during the last quarter. Blue Trust Inc. raised its position in 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 worth $65,000 after acquiring an additional 3,396 shares during the period. Finally, GAMMA Investing LLC boosted its stake in shares of Douglas Emmett by 44.6% during the 3rd quarter. GAMMA Investing LLC now owns 3,811 shares of the real estate investment trust’s stock worth $67,000 after acquiring an additional 1,175 shares during the last quarter. Hedge funds and other institutional investors own 97.37% of the company’s stock.

Wall Street Analysts Forecast Growth

DEI has been the topic of a number of recent research reports. Citigroup raised their target price on Douglas Emmett from $14.00 to $16.00 and gave the stock a “neutral” rating in a report on Thursday, September 12th. JPMorgan Chase & Co. lifted their price objective on Douglas Emmett from $15.00 to $18.00 and gave the company a “neutral” rating in a research report on Monday, September 9th. Scotiabank raised shares of Douglas Emmett from a “sector perform” rating to a “sector outperform” rating and increased their target price for the stock from $16.00 to $21.00 in a report on Thursday, November 14th. Wells Fargo & Company lifted their price target on shares of Douglas Emmett from $15.00 to $17.00 and gave the company an “overweight” rating in a report on Wednesday, September 11th. Finally, Piper Sandler upped their price target on shares of Douglas Emmett from $15.00 to $16.00 and gave the stock a “neutral” rating in a research report on Monday, August 12th. Six research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $17.43.

Douglas Emmett Trading Down 1.0 %

DEI stock opened at $19.39 on Friday. The company has a debt-to-equity ratio of 1.51, a current ratio of 4.09 and a quick ratio of 4.09. Douglas Emmett, Inc. has a 1-year low of $12.10 and a 1-year high of $19.80. The business has a 50 day simple moving average of $18.30 and a two-hundred day simple moving average of $15.92. The company has a market capitalization of $3.25 billion, a price-to-earnings ratio of -193.90 and a beta of 1.10.

Douglas Emmett (NYSE:DEI) last posted its earnings results on Monday, November 4th. The real estate investment trust reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.41 by ($0.38). The company had revenue of $250.75 million for 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 revenue was down 1.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.45 earnings per share. Research analysts anticipate that Douglas Emmett, Inc. will post 1.7 EPS for the current fiscal year.

Douglas Emmett Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 16th. Investors of record on Monday, September 30th were given a $0.19 dividend. The ex-dividend date of this dividend was Monday, September 30th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 3.92%. Douglas Emmett’s dividend payout ratio is currently -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.