Natixis Advisors LLC Boosts Stock Position in Douglas Emmett, Inc. (NYSE:DEI)

Natixis Advisors LLC raised its holdings in Douglas Emmett, Inc. (NYSE:DEI) by 8.5% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 56,088 shares of the real estate investment trust’s stock after purchasing an additional 4,410 shares during the period. Natixis Advisors LLC’s holdings in Douglas Emmett were worth $985,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Wolverine Asset Management LLC acquired a new stake in shares of Douglas Emmett in the 2nd quarter valued at about $32,000. Venturi Wealth Management LLC bought a new stake in Douglas Emmett in the third quarter valued at about $48,000. Quarry LP raised 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 valued at $55,000 after buying an additional 2,505 shares in the last quarter. Blue Trust Inc. lifted its holdings in 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 worth $65,000 after buying an additional 3,396 shares during the last quarter. Finally, GAMMA Investing LLC lifted 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 worth $67,000 after buying an additional 1,175 shares during the last quarter. 97.37% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

DEI has been the subject of a number of research analyst reports. Citigroup boosted their price target on Douglas Emmett from $14.00 to $16.00 and gave the company a “neutral” rating in a report on Thursday, September 12th. Wells Fargo & Company increased their target price on shares of Douglas Emmett from $15.00 to $17.00 and gave the stock an “overweight” rating in a report on Wednesday, September 11th. JPMorgan Chase & Co. lifted their price target on shares of Douglas Emmett from $15.00 to $18.00 and gave the company a “neutral” rating in a report on Monday, September 9th. Scotiabank upgraded shares of Douglas Emmett from a “sector perform” rating to a “sector outperform” rating and increased their price objective for the stock from $16.00 to $21.00 in a research note on Thursday, November 14th. Finally, Piper Sandler lifted 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. Six investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, Douglas Emmett has an average rating of “Hold” and an average target price of $17.43.

Douglas Emmett Stock Performance

DEI opened at $19.45 on Wednesday. The company has a current ratio of 4.09, a quick ratio of 4.09 and a debt-to-equity ratio of 1.51. The business’s 50 day moving average is $18.16 and its 200-day moving average is $15.83. The stock has a market cap of $3.26 billion, a PE ratio of -194.50 and a beta of 1.10. Douglas Emmett, Inc. has a twelve month low of $11.08 and a twelve month high of $19.76.

Douglas Emmett (NYSE:DEI) last posted its quarterly earnings data 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 company had revenue of $250.75 million during the quarter, compared to analyst estimates of $242.75 million. Douglas Emmett had a negative return on equity of 0.43% and a negative net margin of 1.68%. The business’s revenue for the quarter was down 1.8% compared to the same quarter last year. During the same period in the previous year, the company earned $0.45 EPS. On average, analysts predict that Douglas Emmett, Inc. will post 1.7 earnings per share for the current year.

Douglas Emmett Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 16th. Investors of record on Monday, September 30th were paid a dividend of $0.19 per share. The ex-dividend date of this dividend was Monday, September 30th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 3.91%. Douglas Emmett’s dividend 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.