Nomura Asset Management Co. Ltd. increased its stake in shares of Douglas Emmett, Inc. (NYSE:DEI) by 2.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 91,340 shares of the real estate investment trust’s stock after acquiring an additional 2,490 shares during the quarter. Nomura Asset Management Co. Ltd. owned about 0.05% of Douglas Emmett worth $3,750,000 at the end of the most recent reporting period.
Other hedge funds also recently made changes to their positions in the company. Sei Investments Co. increased its position in Douglas Emmett by 0.3% during the fourth quarter. Sei Investments Co. now owns 731,039 shares of the real estate investment trust’s stock worth $30,017,000 after acquiring an additional 1,850 shares during the period. Swiss National Bank boosted its stake in Douglas Emmett by 7.3% during the fourth quarter. Swiss National Bank now owns 263,600 shares of the real estate investment trust’s stock worth $10,823,000 after buying an additional 18,000 shares in the last quarter. BlackRock Inc. boosted its stake in Douglas Emmett by 6.9% during the fourth quarter. BlackRock Inc. now owns 18,558,202 shares of the real estate investment trust’s stock worth $761,999,000 after buying an additional 1,193,815 shares in the last quarter. BB&T Securities LLC acquired a new stake in Douglas Emmett during the third quarter worth $327,000. Finally, Jane Street Group LLC acquired a new stake in Douglas Emmett during the third quarter worth $403,000. 98.29% of the stock is currently owned by institutional investors and hedge funds.
A number of equities research analysts have weighed in on the stock. BMO Capital Markets set a $38.00 price target on shares of Douglas Emmett and gave the stock a “hold” rating in a research note on Tuesday, February 27th. Stifel Nicolaus decreased their price target on shares of Douglas Emmett from $43.00 to $40.00 and set a “buy” rating on the stock in a research note on Thursday, February 15th. Barclays boosted their target price on shares of Douglas Emmett from $36.00 to $37.00 and gave the company an “underweight” rating in a research note on Tuesday, January 30th. Sandler O’Neill restated a “hold” rating and issued a $42.00 target price on shares of Douglas Emmett in a research note on Tuesday, January 23rd. Finally, Zacks Investment Research downgraded shares of Douglas Emmett from a “hold” rating to a “sell” rating in a research note on Tuesday, January 16th. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $41.00.
Douglas Emmett (NYSE:DEI) last issued its quarterly earnings results on Tuesday, February 13th. The real estate investment trust reported $0.17 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.18 by ($0.01). The company had revenue of $209.19 million for the quarter, compared to analyst estimates of $202.00 million. Douglas Emmett had a return on equity of 2.69% and a net margin of 12.36%. equities research analysts expect that Douglas Emmett, Inc. will post 1.99 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 17th. Investors of record on Thursday, March 29th will be given a dividend of $0.25 per share. The ex-dividend date is Wednesday, March 28th. This represents a $1.00 annualized dividend and a yield of 2.68%. Douglas Emmett’s dividend payout ratio (DPR) is 175.44%.
Douglas Emmett Company Profile
Douglas Emmett, Inc is a self-administered and self-managed real estate investment trust (REIT). The Company is owner and operator of office and multifamily properties located in submarkets in Los Angeles and Honolulu. The Company operates through two segments: the acquisition, development, ownership and management of office real estate (Office Segment), and the acquisition, development, ownership and management of multifamily real estate (Multifamily Segment).
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