Nomura Asset Management Co. Ltd. Has $4.11 Million Stock Holdings in Douglas Emmett, Inc. (NYSE:DEI)

Nomura Asset Management Co. Ltd. lifted its position in Douglas Emmett, Inc. (NYSE:DEI) by 4.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 221,500 shares of the real estate investment trust’s stock after purchasing an additional 10,100 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in Douglas Emmett were worth $4,111,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. GAMMA Investing LLC raised its holdings in shares of Douglas Emmett by 19.7% in the fourth quarter. GAMMA Investing LLC now owns 4,561 shares of the real estate investment trust’s stock valued at $85,000 after buying an additional 750 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. increased its position in Douglas Emmett by 0.5% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 182,461 shares of the real estate investment trust’s stock valued at $3,386,000 after acquiring an additional 860 shares in the last quarter. Xponance Inc. raised its stake in shares of Douglas Emmett by 8.6% in the fourth quarter. Xponance Inc. now owns 11,634 shares of the real estate investment trust’s stock worth $216,000 after acquiring an additional 920 shares during the last quarter. HighTower Advisors LLC lifted its position in shares of Douglas Emmett by 6.9% during the fourth quarter. HighTower Advisors LLC now owns 14,257 shares of the real estate investment trust’s stock worth $265,000 after purchasing an additional 922 shares in the last quarter. Finally, Raleigh Capital Management Inc. grew its stake in shares of Douglas Emmett by 30.4% during the fourth quarter. Raleigh Capital Management Inc. now owns 5,028 shares of the real estate investment trust’s stock valued at $93,000 after purchasing an additional 1,172 shares during the last quarter. Institutional investors and hedge funds own 97.37% of the company’s stock.

Douglas Emmett Trading Up 1.3 %

DEI stock opened at $16.22 on Wednesday. Douglas Emmett, Inc. has a 52 week low of $12.50 and a 52 week high of $20.50. The company has a market capitalization of $2.72 billion, a PE ratio of 124.74 and a beta of 1.13. The company’s 50-day simple moving average is $16.82 and its 200 day simple moving average is $17.79. The company has a debt-to-equity ratio of 1.50, a quick ratio of 4.09 and a current ratio of 4.32.

Douglas Emmett (NYSE:DEI) last released its earnings results on Tuesday, February 4th. The real estate investment trust reported $0.38 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.44. Douglas Emmett had a return on equity of 0.63% and a net margin of 2.38%. As a group, sell-side analysts anticipate that Douglas Emmett, Inc. will post 1.45 earnings per share for the current year.

Douglas Emmett Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 4.69%. The ex-dividend date of this dividend is Monday, March 31st. Douglas Emmett’s dividend payout ratio is 584.62%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Wedbush upgraded Douglas Emmett from a “neutral” rating to an “outperform” rating and boosted their target price for the stock from $19.00 to $21.00 in a research report on Thursday, January 2nd. Jefferies Financial Group assumed coverage on Douglas Emmett in a report on Monday, March 17th. They set a “hold” rating and a $16.00 price objective for the company. StockNews.com lowered shares of Douglas Emmett from a “hold” rating to a “sell” rating in a research note on Thursday, February 6th. Janney Montgomery Scott reissued a “neutral” rating on shares of Douglas Emmett in a research note on Wednesday, January 15th. Finally, Piper Sandler raised shares of Douglas Emmett from a “neutral” rating to an “overweight” rating and set a $20.00 price objective on the stock in a research note on Monday, January 13th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $18.50.

About Douglas Emmett

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.