Nisa Investment Advisors LLC Trims Stake in Douglas Emmett, Inc. (NYSE:DEI)

Nisa Investment Advisors LLC lowered its stake in shares of Douglas Emmett, Inc. (NYSE:DEI) by 19.4% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 61,676 shares of the real estate investment trust’s stock after selling 14,889 shares during the period. Nisa Investment Advisors LLC’s holdings in Douglas Emmett were worth $1,157,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Bamco Inc. NY lifted its stake in Douglas Emmett by 0.3% in the third quarter. Bamco Inc. NY now owns 6,389,444 shares of the real estate investment trust’s stock worth $112,263,000 after acquiring an additional 20,000 shares during the last quarter. FMR LLC grew its stake in Douglas Emmett by 8.5% during the 3rd quarter. FMR LLC now owns 4,883,814 shares of the real estate investment trust’s stock worth $85,809,000 after buying an additional 384,371 shares during the last quarter. Geode Capital Management LLC increased its position in Douglas Emmett by 0.7% during the third quarter. Geode Capital Management LLC now owns 4,171,839 shares of the real estate investment trust’s stock worth $73,312,000 after buying an additional 26,961 shares during the period. Charles Schwab Investment Management Inc. increased its position in Douglas Emmett by 3.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 3,797,822 shares of the real estate investment trust’s stock worth $66,728,000 after buying an additional 127,274 shares during the period. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of Douglas Emmett by 8.1% in the second quarter. Dimensional Fund Advisors LP now owns 2,495,263 shares of the real estate investment trust’s stock valued at $33,212,000 after acquiring an additional 186,385 shares during the period. 97.37% of the stock is owned by institutional investors and hedge funds.

Douglas Emmett Trading Up 3.7 %

Shares of NYSE DEI opened at $17.88 on Tuesday. Douglas Emmett, Inc. has a 12-month low of $12.35 and a 12-month high of $20.50. The company has a market cap of $2.99 billion, a price-to-earnings ratio of -178.75 and a beta of 1.11. 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 stock’s 50 day simple moving average is $18.54 and its 200 day simple moving average is $17.32.

Douglas Emmett (NYSE:DEI) last posted its earnings results on Monday, November 4th. The real estate investment trust reported $0.03 EPS for the quarter, missing the consensus estimate of $0.41 by ($0.38). Douglas Emmett had a negative return on equity of 0.43% and a negative net margin of 1.68%. The firm had revenue of $250.75 million during the quarter, compared to the consensus estimate of $242.75 million. During the same quarter last year, the company posted $0.45 EPS. Douglas Emmett’s revenue for the quarter was down 1.8% on a year-over-year basis. Equities research analysts expect that Douglas Emmett, Inc. will post 1.7 EPS for the current year.

Douglas Emmett Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 4.25%. The ex-dividend date of this dividend was Tuesday, December 31st. Douglas Emmett’s payout ratio is currently -760.00%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on DEI shares. Wedbush upgraded shares of Douglas Emmett from a “neutral” rating to an “outperform” rating and increased their price target for the stock from $19.00 to $21.00 in a research note on Thursday, January 2nd. Jefferies Financial Group increased their price target on Douglas Emmett from $17.00 to $18.00 and gave the stock a “hold” rating in a report on Thursday, January 2nd. Scotiabank upgraded Douglas Emmett from a “sector perform” rating to a “sector outperform” rating and boosted their target price for the stock from $16.00 to $21.00 in a research report on Thursday, November 14th. Piper Sandler upgraded shares of Douglas Emmett from a “neutral” rating to an “overweight” rating and set a $20.00 price target for the company in a report on Monday, January 13th. Finally, Janney Montgomery Scott reaffirmed a “neutral” rating on shares of Douglas Emmett in a report on Wednesday, January 15th. Six research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $18.75.

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.