Nomura Asset Management Co. Ltd. Raises Stock Position in Douglas Emmett, Inc. (NYSE:DEI)

Nomura Asset Management Co. Ltd. increased its holdings in shares of Douglas Emmett, Inc. (NYSE:DEI) by 4.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 221,500 shares of the real estate investment trust’s stock after purchasing an additional 10,100 shares during the period. Nomura Asset Management Co. Ltd. owned 0.13% of Douglas Emmett worth $4,111,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. FMR LLC raised its holdings in shares of 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 valued at $85,809,000 after buying an additional 384,371 shares during the period. Geode Capital Management LLC raised its stake in shares of 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 valued at $73,312,000 after purchasing an additional 26,961 shares during the period. Charles Schwab Investment Management Inc. raised its stake in shares of Douglas Emmett by 0.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,812,708 shares of the real estate investment trust’s stock valued at $70,764,000 after purchasing an additional 14,886 shares during the period. JPMorgan Chase & Co. lifted its position in shares of Douglas Emmett by 130.6% during the fourth quarter. JPMorgan Chase & Co. now owns 2,684,597 shares of the real estate investment trust’s stock worth $49,826,000 after purchasing an additional 1,520,348 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its stake in shares of Douglas Emmett by 1.0% in the fourth quarter. Victory Capital Management Inc. now owns 1,593,909 shares of the real estate investment trust’s stock valued at $29,583,000 after purchasing an additional 15,704 shares during the period. 97.37% of the stock is owned by hedge funds and other institutional investors.

Douglas Emmett Price Performance

NYSE DEI opened at $16.22 on Wednesday. The company has a debt-to-equity ratio of 1.50, a current ratio of 4.32 and a quick ratio of 4.09. The firm has a market capitalization of $2.72 billion, a price-to-earnings ratio of 124.74 and a beta of 1.13. The company has a 50 day simple moving average of $16.82 and a 200-day simple moving average of $17.79. Douglas Emmett, Inc. has a 52-week low of $12.50 and a 52-week high of $20.50.

Douglas Emmett (NYSE:DEI) last issued its earnings results on Tuesday, February 4th. The real estate investment trust reported $0.38 EPS for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.44. Douglas Emmett had a return on equity of 0.63% and a net margin of 2.38%. Equities research analysts predict that Douglas Emmett, Inc. will post 1.45 earnings per share for the current fiscal year.

Douglas Emmett Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 4.69%. The ex-dividend date of this dividend is Monday, March 31st. Douglas Emmett’s dividend payout ratio is 584.62%.

Analysts Set New Price Targets

Several research analysts recently commented on the company. Wedbush upgraded Douglas Emmett from a “neutral” rating to an “outperform” rating and boosted their price target for the stock from $19.00 to $21.00 in a research note on Thursday, January 2nd. StockNews.com lowered Douglas Emmett from a “hold” rating to a “sell” rating in a research report on Thursday, February 6th. Jefferies Financial Group started coverage on shares of Douglas Emmett in a research report on Monday, March 17th. They set a “hold” rating and a $16.00 price target for the company. Janney Montgomery Scott reaffirmed a “neutral” rating on shares of Douglas Emmett in a report on Wednesday, January 15th. Finally, Piper Sandler raised shares of Douglas Emmett from a “neutral” rating to an “overweight” rating and set a $20.00 price objective for the company in a report on Monday, January 13th. One research analyst has rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $18.50.

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.