Nisa Investment Advisors LLC increased its position in shares of Douglas Emmett, Inc. (NYSE:DEI) by 36.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 84,181 shares of the real estate investment trust’s stock after acquiring an additional 22,607 shares during the period. Nisa Investment Advisors LLC’s holdings in Douglas Emmett were worth $2,581,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also recently bought and sold shares of the stock. Cigna Investments Inc. New increased its holdings in Douglas Emmett by 1.0% during the 1st quarter. Cigna Investments Inc. New now owns 35,697 shares of the real estate investment trust’s stock worth $1,088,000 after acquiring an additional 350 shares during the period. Nissay Asset Management Corp Japan ADV lifted its holdings in shares of Douglas Emmett by 2.9% during the 2nd quarter. Nissay Asset Management Corp Japan ADV now owns 13,948 shares of the real estate investment trust’s stock worth $428,000 after acquiring an additional 389 shares during the last quarter. Jaguar Listed Property LLC lifted its holdings in shares of Douglas Emmett by 0.5% during the 1st quarter. Jaguar Listed Property LLC now owns 74,221 shares of the real estate investment trust’s stock worth $2,264,000 after acquiring an additional 400 shares during the last quarter. MCF Advisors LLC lifted its holdings in shares of Douglas Emmett by 200.7% during the 1st quarter. MCF Advisors LLC now owns 902 shares of the real estate investment trust’s stock worth $28,000 after acquiring an additional 602 shares during the last quarter. Finally, 6 Meridian lifted its holdings in shares of Douglas Emmett by 5.2% during the 1st quarter. 6 Meridian now owns 14,465 shares of the real estate investment trust’s stock worth $441,000 after acquiring an additional 718 shares during the last quarter. 92.76% of the stock is currently owned by institutional investors and hedge funds.
Shares of Douglas Emmett stock opened at $29.14 on Friday. The firm has a market capitalization of $5.11 billion, a P/E ratio of 13.62, a P/E/G ratio of 2.48 and a beta of 0.72. Douglas Emmett, Inc. has a 52 week low of $23.16 and a 52 week high of $45.59. The company has a quick ratio of 2.01, a current ratio of 2.01 and a debt-to-equity ratio of 1.12. The firm’s 50 day moving average is $30.20 and its two-hundred day moving average is $33.49.
Douglas Emmett (NYSE:DEI) last posted its quarterly earnings data on Thursday, May 7th. The real estate investment trust reported $0.15 earnings per share for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.40). Douglas Emmett had a net margin of 37.55% and a return on equity of 8.75%. The firm had revenue of $251.40 million during the quarter, compared to analysts’ expectations of $236.99 million. During the same quarter last year, the business earned $0.52 earnings per share. The business’s quarterly revenue was up 12.2% on a year-over-year basis. As a group, research analysts expect that Douglas Emmett, Inc. will post 2.12 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were paid a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 3.84%. The ex-dividend date was Monday, June 29th. Douglas Emmett’s dividend payout ratio (DPR) is presently 53.33%.
In other news, Director Christopher H. Anderson bought 40,000 shares of the business’s stock in a transaction that occurred on Monday, June 1st. The stock was purchased at an average price of $30.32 per share, with a total value of $1,212,800.00. Following the purchase, the director now owns 2,341,660 shares of the company’s stock, valued at approximately $70,999,131.20. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 15.90% of the company’s stock.
A number of brokerages have recently issued reports on DEI. Mizuho reduced their price objective on shares of Douglas Emmett from $45.00 to $31.00 and set a “neutral” rating for the company in a research note on Tuesday, April 28th. Zacks Investment Research cut shares of Douglas Emmett from a “buy” rating to a “hold” rating in a research note on Tuesday, April 21st. Wells Fargo & Co lowered their target price on shares of Douglas Emmett from $45.00 to $40.00 and set an “equal weight” rating for the company in a report on Wednesday, June 10th. Jefferies Financial Group started coverage on shares of Douglas Emmett in a report on Thursday, April 16th. They issued a “buy” rating and a $36.00 target price for the company. Finally, Citigroup lifted their price objective on shares of Douglas Emmett from $30.00 to $31.00 and gave the company a “neutral” rating in a report on Thursday, May 28th. Eight equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $37.83.
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.
Further Reading: Profit margin is different from the revenue
Receive News & Ratings for Douglas Emmett Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Douglas Emmett and related companies with MarketBeat.com's FREE daily email newsletter.