Douglas Emmett, Inc. (NYSE:DEI) Shares Sold by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. lowered its holdings in shares of Douglas Emmett, Inc. (NYSE:DEI) by 1.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 58,309 shares of the real estate investment trust’s stock after selling 747 shares during the period. Daiwa Securities Group Inc.’s holdings in Douglas Emmett were worth $776,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of DEI. Wolverine Asset Management LLC acquired a new position in shares of Douglas Emmett during the 2nd quarter worth approximately $32,000. Frazier Financial Advisors LLC acquired a new position in shares of Douglas Emmett in the fourth quarter worth $46,000. Quarry LP purchased a new stake in shares of Douglas Emmett in the fourth quarter valued at $57,000. Aspire Private Capital LLC lifted its position in shares of Douglas Emmett by 20.0% in the second 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 in the last quarter. Finally, Choreo LLC acquired a new stake in shares of Douglas Emmett during the second quarter valued at $147,000. Hedge funds and other institutional investors own 97.37% of the company’s stock.

Douglas Emmett Stock Performance

Shares of NYSE:DEI opened at $16.80 on Monday. The company has a market cap of $2.81 billion, a P/E ratio of -54.19 and a beta of 1.10. The business’s 50-day simple moving average is $15.25 and its 200 day simple moving average is $14.14. Douglas Emmett, Inc. has a one year low of $10.76 and a one year high of $16.81. The company has a debt-to-equity ratio of 1.47, a quick ratio of 5.11 and a current ratio of 5.11.

Douglas Emmett (NYSE:DEI) last announced its earnings results on Thursday, August 8th. The real estate investment trust reported $0.06 earnings per share for the quarter, missing the consensus estimate 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 during the quarter, compared to analysts’ expectations of $246.62 million. During the same quarter last year, the company posted $0.48 earnings per share. Douglas Emmett’s revenue for the quarter was down 3.0% compared to the same quarter last year. On average, sell-side analysts forecast that Douglas Emmett, Inc. will post 1.67 earnings per share for the current fiscal year.

Douglas Emmett Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 16th. Stockholders of record on Monday, September 30th will be given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 4.52%. The ex-dividend date of this dividend is Monday, September 30th. Douglas Emmett’s payout ratio is -245.16%.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Evercore ISI raised their price target on shares of Douglas Emmett from $15.00 to $16.00 and gave the stock an “in-line” rating in a research note on Wednesday, August 28th. StockNews.com upgraded shares of Douglas Emmett from a “sell” rating to a “hold” rating in a research report on Monday, May 20th. Wells Fargo & Company boosted their price target on Douglas Emmett from $15.00 to $17.00 and gave the company an “overweight” rating in a report on Wednesday, September 11th. Scotiabank raised their price objective on Douglas Emmett from $14.00 to $16.00 and gave the stock a “sector perform” rating in a report on Monday, August 26th. Finally, Piper Sandler upped their target price on Douglas Emmett from $15.00 to $16.00 and gave the company a “neutral” rating in a research note on Monday, August 12th. Eight analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $15.88.

Douglas Emmett Company 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.