Nisa Investment Advisors LLC Acquires 1,593 Shares of Douglas Emmett, Inc. (NYSE:DEI)

Nisa Investment Advisors LLC grew its holdings in shares of Douglas Emmett, Inc. (NYSE:DEI) by 2.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 76,565 shares of the real estate investment trust’s stock after buying an additional 1,593 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Douglas Emmett were worth $1,361,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in DEI. Wolverine Asset Management LLC purchased a new stake in Douglas Emmett during the second quarter valued at approximately $32,000. Blue Trust Inc. increased its position in shares of Douglas Emmett by 1,081.5% during the 3rd quarter. Blue Trust Inc. now owns 3,710 shares of the real estate investment trust’s stock valued at $65,000 after purchasing an additional 3,396 shares during the last quarter. GAMMA Investing LLC raised its holdings in 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 valued at $67,000 after buying an additional 1,175 shares during the period. Raleigh Capital Management Inc. lifted its position in Douglas Emmett by 62.0% in the third quarter. Raleigh Capital Management Inc. now owns 3,856 shares of the real estate investment trust’s stock worth $68,000 after buying an additional 1,476 shares during the last quarter. Finally, Quarry LP boosted its stake 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 worth $55,000 after buying an additional 2,505 shares during the period. Institutional investors own 97.37% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Citigroup increased their target price 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. Piper Sandler increased their price objective 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. Scotiabank raised their price objective on shares of Douglas Emmett from $14.00 to $16.00 and gave the stock a “sector perform” rating in a research note on Monday, August 26th. 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. Finally, Wells Fargo & Company raised their price target on Douglas Emmett from $15.00 to $17.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 11th. Seven equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $16.29.

Douglas Emmett Stock Performance

Douglas Emmett stock opened at $17.52 on Monday. The company has a debt-to-equity ratio of 1.47, a quick ratio of 5.11 and a current ratio of 5.11. The company has a market capitalization of $2.93 billion, a PE ratio of -83.43 and a beta of 1.10. The company has a 50 day moving average price of $17.26 and a 200-day moving average price of $15.22. Douglas Emmett, Inc. has a fifty-two week low of $10.76 and a fifty-two week high of $19.27.

Douglas Emmett (NYSE:DEI) last issued its earnings results on Thursday, August 8th. The real estate investment trust reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.37). Douglas Emmett had a negative net margin of 3.55% and a negative return on equity of 0.88%. The firm had revenue of $245.80 million for the quarter, compared to the consensus estimate of $246.62 million. During the same period last year, the firm earned $0.48 earnings per share. The company’s revenue for the quarter was down 3.0% on a year-over-year basis. As a group, equities analysts forecast that Douglas Emmett, Inc. will post 1.68 earnings per share for the current year.

Douglas Emmett Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 16th. Shareholders of record on Monday, September 30th were issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 4.34%. The ex-dividend date was Monday, September 30th. Douglas Emmett’s payout ratio is -361.90%.

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.