Nisa Investment Advisors LLC Reduces Holdings in Douglas Emmett, Inc. (NYSE:DEI)

Nisa Investment Advisors LLC cut its position in Douglas Emmett, Inc. (NYSE:DEI) by 15.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 71,482 shares of the real estate investment trust’s stock after selling 12,930 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Douglas Emmett were worth $1,036,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in DEI. Quantbot Technologies LP purchased a new stake in Douglas Emmett in the first quarter valued at approximately $40,000. Aspire Private Capital LLC increased its holdings in shares of Douglas Emmett by 253.2% in the 4th quarter. Aspire Private Capital LLC now owns 1,660 shares of the real estate investment trust’s stock valued at $26,028,800,000 after acquiring an additional 1,190 shares during the period. Advisory Services Network LLC raised its position in Douglas Emmett by 94.7% in the 1st quarter. Advisory Services Network LLC now owns 3,695 shares of the real estate investment trust’s stock valued at $46,000 after purchasing an additional 1,797 shares during the last quarter. HighTower Advisors LLC acquired a new stake in Douglas Emmett during the 1st quarter worth $210,000. Finally, PNC Financial Services Group Inc. grew its position in Douglas Emmett by 16.9% during the 1st quarter. PNC Financial Services Group Inc. now owns 7,420 shares of the real estate investment trust’s stock worth $248,000 after purchasing an additional 1,071 shares during the last quarter. 97.37% of the stock is owned by institutional investors and hedge funds.

Douglas Emmett Price Performance

Shares of DEI opened at $12.93 on Tuesday. The company has a current ratio of 4.91, a quick ratio of 4.91 and a debt-to-equity ratio of 1.44. The stock’s 50 day moving average is $13.40 and its two-hundred day moving average is $13.22. Douglas Emmett, Inc. has a twelve month low of $10.09 and a twelve month high of $16.12. The firm has a market capitalization of $2.16 billion, a PE ratio of -49.73 and a beta of 1.07.

Douglas Emmett Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 16th. Investors of record on Thursday, March 28th will be issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 5.88%. The ex-dividend date is Wednesday, March 27th. Douglas Emmett’s dividend payout ratio is presently -292.31%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on DEI shares. Piper Sandler decreased their target price on shares of Douglas Emmett from $17.00 to $15.00 and set a “neutral” rating for the company in a research note on Friday, March 22nd. Jefferies Financial Group upgraded Douglas Emmett from an “underperform” rating to a “hold” rating and lifted their target price for the company from $10.00 to $15.00 in a research note on Tuesday, January 2nd. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $13.67.

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.