Nisa Investment Advisors LLC Sells 14,889 Shares of Douglas Emmett, Inc. (NYSE:DEI)

Nisa Investment Advisors LLC trimmed its position in Douglas Emmett, Inc. (NYSE:DEI - Free Report) by 19.4% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor 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 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Dimensional Fund Advisors LP increased its position in shares of Douglas Emmett by 8.1% during the 2nd 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 purchasing an additional 186,385 shares during the last quarter. Sei Investments Co. boosted its stake in Douglas Emmett by 91.4% in the second quarter. Sei Investments Co. now owns 89,505 shares of the real estate investment trust's stock valued at $1,191,000 after acquiring an additional 42,733 shares during the last quarter. Xponance Inc. purchased a new stake in shares of Douglas Emmett during the 2nd quarter worth approximately $137,000. Squarepoint Ops LLC increased its position in Douglas Emmett by 91.8% in the second quarter. Squarepoint Ops LLC now owns 119,762 shares of the real estate investment trust's stock worth $1,594,000 after buying an additional 57,306 shares during the last quarter. Finally, AQR Capital Management LLC lifted its position in shares of Douglas Emmett by 3.9% during the 2nd quarter. AQR Capital Management LLC now owns 36,432 shares of the real estate investment trust's stock valued at $479,000 after buying an additional 1,377 shares during the last quarter. 97.37% of the stock is owned by hedge funds and other institutional investors.

Douglas Emmett Trading Up 0.3 %

Shares of DEI traded up $0.05 during mid-day trading on Friday, reaching $18.33. The company's stock had a trading volume of 550,228 shares, compared to its average volume of 1,885,251. Douglas Emmett, Inc. has a 52 week low of $12.35 and a 52 week high of $20.50. The stock has a market cap of $3.07 billion, a PE ratio of -183.24 and a beta of 1.11. The company's fifty day moving average price is $18.50 and its two-hundred day moving average price is $17.36. The company has a current ratio of 4.09, a quick ratio of 4.09 and a debt-to-equity ratio of 1.51.

Douglas Emmett (NYSE:DEI - Get Free Report) last posted its quarterly earnings results on Monday, November 4th. The real estate investment trust reported $0.03 earnings per share (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 company had revenue of $250.75 million for the quarter, compared to the consensus estimate of $242.75 million. During the same quarter in the previous year, the business earned $0.45 earnings per share. Douglas Emmett's revenue was down 1.8% compared to the same quarter last year. On average, analysts predict that Douglas Emmett, Inc. will post 1.7 earnings per share for the current fiscal year.

Douglas Emmett Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were given a $0.19 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $0.76 annualized dividend and a dividend yield of 4.15%. Douglas Emmett's dividend payout ratio is -760.00%.

Wall Street Analyst Weigh In

A number of brokerages recently commented on DEI. Scotiabank upgraded shares of Douglas Emmett from a "sector perform" rating to a "sector outperform" rating and upped their price target for the company from $16.00 to $21.00 in a research note on Thursday, November 14th. Janney Montgomery Scott reaffirmed a "neutral" rating on shares of Douglas Emmett in a report on Wednesday, January 15th. Piper Sandler upgraded Douglas Emmett from a "neutral" rating to an "overweight" rating and set a $20.00 price objective on the stock in a research note on Monday, January 13th. Evercore ISI raised their target price on Douglas Emmett from $16.00 to $19.00 and gave the stock an "in-line" rating in a research note on Thursday, November 7th. Finally, Jefferies Financial Group increased their price target on shares of Douglas Emmett from $17.00 to $18.00 and gave the stock a "hold" rating in a report on Thursday, January 2nd. Six equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $18.75.

Douglas Emmett 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.