Douglas Emmett, Inc. (NYSE:DEI) Shares Acquired by Inspire Investing LLC

Inspire Investing LLC increased its position in shares of Douglas Emmett, Inc. (NYSE:DEI) by 3.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,491 shares of the real estate investment trust’s stock after purchasing an additional 883 shares during the period. Inspire Investing LLC’s holdings in Douglas Emmett were worth $353,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Arizona State Retirement System lifted its holdings in shares of Douglas Emmett by 2.2% in the second quarter. Arizona State Retirement System now owns 46,850 shares of the real estate investment trust’s stock valued at $624,000 after buying an additional 1,027 shares during the period. Aspire Private Capital LLC lifted its holdings in Douglas Emmett by 20.0% in the 2nd quarter. Aspire Private Capital LLC now owns 9,537 shares of the real estate investment trust’s stock valued at $127,000 after acquiring an additional 1,592 shares during the last quarter. Louisiana State Employees Retirement System boosted its position in shares of Douglas Emmett by 1.9% during the 2nd quarter. Louisiana State Employees Retirement System now owns 84,200 shares of the real estate investment trust’s stock valued at $1,121,000 after purchasing an additional 1,600 shares in the last quarter. Van ECK Associates Corp grew its stake in shares of Douglas Emmett by 6.2% in the 2nd quarter. Van ECK Associates Corp now owns 28,119 shares of the real estate investment trust’s stock worth $374,000 after purchasing an additional 1,650 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. grew its stake in shares of Douglas Emmett by 0.9% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 188,400 shares of the real estate investment trust’s stock worth $2,732,000 after purchasing an additional 1,700 shares during the last quarter. 97.37% of the stock is owned by institutional investors.

Douglas Emmett Stock Down 1.5 %

Shares of Douglas Emmett stock opened at $17.23 on Monday. The company has a current ratio of 5.11, a quick ratio of 5.11 and a debt-to-equity ratio of 1.47. Douglas Emmett, Inc. has a 1 year low of $10.76 and a 1 year high of $17.54. The stock has a 50-day moving average price of $15.58 and a 200 day moving average price of $14.27. The company has a market cap of $2.88 billion, a P/E ratio of -55.58 and a beta of 1.10.

Douglas Emmett (NYSE:DEI) last posted its quarterly earnings results on Thursday, August 8th. The real estate investment trust reported $0.06 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.37). The company had revenue of $245.80 million for the quarter, compared to analyst estimates of $246.62 million. Douglas Emmett had a negative return on equity of 0.88% and a negative net margin of 3.55%. The business’s revenue for the quarter was down 3.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.48 earnings per share. As a group, analysts expect that Douglas Emmett, Inc. will post 1.67 EPS for the current fiscal year.

Douglas Emmett Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 16th. Investors of record on Monday, September 30th will be issued a dividend of $0.19 per share. The ex-dividend date of this dividend is Monday, September 30th. This represents a $0.76 annualized dividend and a dividend yield of 4.41%. Douglas Emmett’s dividend payout ratio is -245.16%.

Analyst Ratings Changes

Several analysts recently commented on the stock. Wells Fargo & Company increased their target price on shares of Douglas Emmett from $15.00 to $17.00 and gave the company an “overweight” rating in a research note on Wednesday, September 11th. Citigroup raised their price objective on Douglas Emmett from $14.00 to $16.00 and gave the stock a “neutral” rating in a research note on Thursday, September 12th. Piper Sandler lifted their target price on Douglas Emmett from $15.00 to $16.00 and gave the stock a “neutral” rating in a report on Monday, August 12th. Evercore ISI upped their target price on Douglas Emmett from $15.00 to $16.00 and gave the company an “in-line” rating in a report on Wednesday, August 28th. Finally, JPMorgan Chase & Co. boosted their price objective on Douglas Emmett from $15.00 to $18.00 and gave the stock a “neutral” rating in a report on Monday, September 9th. Eight research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $15.88.

Douglas Emmett 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.