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

Daiwa Securities Group Inc. raised its holdings in shares of Douglas Emmett, Inc. (NYSE:DEI) by 6.8% in the 3rd quarter, Holdings Channel.com reports. The firm owned 62,251 shares of the real estate investment trust’s stock after buying an additional 3,942 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Douglas Emmett were worth $1,094,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in DEI. Swedbank AB grew its position in Douglas Emmett by 23.0% in the third quarter. Swedbank AB now owns 45,255 shares of the real estate investment trust’s stock worth $795,000 after acquiring an additional 8,468 shares in the last quarter. Citigroup Inc. lifted its stake in shares of Douglas Emmett by 43.0% in the 3rd quarter. Citigroup Inc. now owns 227,814 shares of the real estate investment trust’s stock valued at $4,003,000 after purchasing an additional 68,507 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Douglas Emmett by 3.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,797,822 shares of the real estate investment trust’s stock worth $66,728,000 after purchasing an additional 127,274 shares during the period. Intech Investment Management LLC bought a new position in shares of Douglas Emmett during the 3rd quarter valued at approximately $650,000. Finally, Natixis Advisors LLC raised its holdings in Douglas Emmett by 8.5% during the 3rd quarter. Natixis Advisors LLC now owns 56,088 shares of the real estate investment trust’s stock valued at $985,000 after buying an additional 4,410 shares during the period. 97.37% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Piper Sandler boosted their price objective on shares of Douglas Emmett from $15.00 to $16.00 and gave the company a “neutral” rating in a research report on Monday, August 12th. Wells Fargo & Company raised their price objective on shares of Douglas Emmett from $15.00 to $17.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 11th. JPMorgan Chase & Co. upped their target price on Douglas Emmett from $15.00 to $18.00 and gave the company a “neutral” rating in a research note on Monday, September 9th. Scotiabank raised Douglas Emmett from a “sector perform” rating to a “sector outperform” rating and raised their price target for the stock from $16.00 to $21.00 in a research note on Thursday, November 14th. Finally, Evercore ISI upped their price objective on Douglas Emmett from $16.00 to $19.00 and gave the company an “in-line” rating in a research report on Thursday, November 7th. Six analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, Douglas Emmett has an average rating of “Hold” and an average price target of $17.43.

Douglas Emmett Stock Down 1.0 %

Shares of NYSE DEI opened at $19.39 on Friday. Douglas Emmett, Inc. has a 52-week low of $12.10 and a 52-week high of $19.80. The firm has a market capitalization of $3.25 billion, a price-to-earnings ratio of -193.90 and a beta of 1.10. The stock has a 50 day moving average price of $18.30 and a 200 day moving average price of $15.92. The company has a debt-to-equity ratio of 1.51, a quick ratio of 4.09 and a current ratio of 4.09.

Douglas Emmett (NYSE:DEI) last issued 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 firm had revenue of $250.75 million during the quarter, compared to analysts’ expectations of $242.75 million. Douglas Emmett had a negative return on equity of 0.43% and a negative net margin of 1.68%. Douglas Emmett’s quarterly revenue was down 1.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.45 earnings per share. Sell-side analysts expect that Douglas Emmett, Inc. will post 1.7 earnings per share for the current year.

Douglas Emmett Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 16th. Stockholders of record on Monday, September 30th were given a $0.19 dividend. The ex-dividend date was Monday, September 30th. This represents a $0.76 annualized dividend and a dividend yield of 3.92%. Douglas Emmett’s payout ratio is presently -760.00%.

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.