NFJ Investment Group LLC Buys Shares of 353,461 Douglas Emmett, Inc. (NYSE:DEI)

NFJ Investment Group LLC purchased a new position in Douglas Emmett, Inc. (NYSE:DEI - Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 353,461 shares of the real estate investment trust's stock, valued at approximately $6,210,000. NFJ Investment Group LLC owned approximately 0.21% of Douglas Emmett at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the business. Wolverine Asset Management LLC acquired a new position in shares of Douglas Emmett during the second quarter worth about $32,000. Venturi Wealth Management LLC acquired a new position in shares of Douglas Emmett during the third quarter worth about $48,000. Quarry LP boosted its position in shares of Douglas Emmett by 155.0% during the second quarter. Quarry LP now owns 4,121 shares of the real estate investment trust's stock worth $55,000 after buying an additional 2,505 shares during the period. Blue Trust Inc. boosted its position in shares of Douglas Emmett by 1,081.5% during the third 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 period. Finally, GAMMA Investing LLC boosted its position in shares of Douglas Emmett by 44.6% during the third 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 period. 97.37% of the stock is currently owned by institutional investors.

Douglas Emmett Stock Performance

Shares of NYSE DEI traded up $0.19 during trading hours on Wednesday, reaching $19.35. 291,947 shares of the stock were exchanged, compared to its average volume of 1,625,953. The firm has a market capitalization of $3.24 billion, a price-to-earnings ratio of -191.50 and a beta of 1.11. The company has a debt-to-equity ratio of 1.51, a quick ratio of 4.09 and a current ratio of 4.09. Douglas Emmett, Inc. has a 52 week low of $12.35 and a 52 week high of $19.80. The stock's fifty day simple moving average is $18.37 and its 200 day simple moving average is $16.00.

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

Douglas Emmett Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 16th. Shareholders of record on Monday, September 30th were paid a dividend of $0.19 per share. The ex-dividend date was Monday, September 30th. This represents a $0.76 dividend on an annualized basis and a yield of 3.93%. Douglas Emmett's dividend payout ratio (DPR) is presently -760.00%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on DEI shares. Piper Sandler upped their price objective on Douglas Emmett from $15.00 to $16.00 and gave the stock a "neutral" rating in a research report on Monday, August 12th. Wells Fargo & Company increased their price target on Douglas Emmett from $15.00 to $17.00 and gave the company an "overweight" rating in a research report on Wednesday, September 11th. JPMorgan Chase & Co. increased their price target on Douglas Emmett from $15.00 to $18.00 and gave the company a "neutral" rating in a research report on Monday, September 9th. Scotiabank raised Douglas Emmett from a "sector perform" rating to a "sector outperform" rating and increased their price target for the company from $16.00 to $21.00 in a research report on Thursday, November 14th. Finally, Citigroup increased their price target on Douglas Emmett from $14.00 to $16.00 and gave the company a "neutral" rating in a research report on Thursday, September 12th. Six analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, Douglas Emmett currently has an average rating of "Hold" and a consensus target price of $17.43.

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.