Daiwa Securities Group Inc. Has $829,000 Position in Douglas Emmett, Inc. (NYSE:DEI)

Daiwa Securities Group Inc. reduced its stake in Douglas Emmett, Inc. (NYSE:DEI) by 3.9% in the 4th quarter, Holdings Channel reports. The firm owned 57,200 shares of the real estate investment trust’s stock after selling 2,349 shares during the period. Daiwa Securities Group Inc.’s holdings in Douglas Emmett were worth $829,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Louisiana State Employees Retirement System acquired a new stake in Douglas Emmett in the 4th quarter worth approximately $1,209,000. Sowell Financial Services LLC lifted its holdings in Douglas Emmett by 0.5% in the 4th quarter. Sowell Financial Services LLC now owns 133,538 shares of the real estate investment trust’s stock worth $1,962,000 after purchasing an additional 723 shares during the last quarter. Altfest L J & Co. Inc. bought a new position in Douglas Emmett in the 4th quarter worth approximately $183,000. Cooper Financial Group bought a new position in Douglas Emmett in the 4th quarter worth approximately $6,799,000. Finally, Public Employees Retirement System of Ohio increased its position in Douglas Emmett by 6.1% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 243,894 shares of the real estate investment trust’s stock worth $3,112,000 after buying an additional 14,079 shares during the period. 97.37% of the stock is currently owned by institutional investors and hedge funds.

Douglas Emmett Stock Performance

Shares of NYSE:DEI opened at $13.31 on Friday. The company has a debt-to-equity ratio of 1.44, a current ratio of 4.91 and a quick ratio of 4.91. The stock has a market capitalization of $2.23 billion, a price-to-earnings ratio of -51.17 and a beta of 1.07. The business’s fifty day moving average price is $13.40 and its two-hundred day moving average price is $13.26. Douglas Emmett, Inc. has a fifty-two week low of $10.09 and a fifty-two week high of $16.12.

Douglas Emmett Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 16th. Shareholders of record on Thursday, March 28th were paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 5.71%. The ex-dividend date was Wednesday, March 27th. Douglas Emmett’s dividend payout ratio is currently -292.31%.

Analyst Ratings Changes

DEI has been the topic of several recent analyst reports. Piper Sandler dropped their price target on Douglas Emmett from $17.00 to $15.00 and set a “neutral” rating on the stock in a research report on Friday, March 22nd. Jefferies Financial Group upgraded Douglas Emmett from an “underperform” rating to a “hold” rating and boosted their price objective for the company from $10.00 to $15.00 in a research report on Tuesday, January 2nd. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $13.67.

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.