Mirae Asset Global Investments Co. Ltd. Has $114,000 Stock Holdings in Douglas Emmett, Inc. (NYSE:DEI)

Mirae Asset Global Investments Co. Ltd. boosted its position in Douglas Emmett, Inc. (NYSE:DEI) by 34.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,497 shares of the real estate investment trust’s stock after buying an additional 1,677 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Douglas Emmett were worth $114,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Inspire Investing LLC raised its position in shares of Douglas Emmett by 3.4% during the second quarter. Inspire Investing LLC now owns 26,491 shares of the real estate investment trust’s stock valued at $353,000 after buying an additional 883 shares during the last quarter. Arizona State Retirement System lifted its position in shares of Douglas Emmett by 2.2% in the 2nd quarter. Arizona State Retirement System now owns 46,850 shares of the real estate investment trust’s stock worth $624,000 after acquiring an additional 1,027 shares during the period. GAMMA Investing LLC grew its holdings in shares of Douglas Emmett by 44.6% during the 3rd quarter. GAMMA Investing LLC now owns 3,811 shares of the real estate investment trust’s stock worth $67,000 after purchasing an additional 1,175 shares in the last quarter. AQR Capital Management LLC increased its position in shares of Douglas Emmett by 3.9% during the second quarter. AQR Capital Management LLC now owns 36,432 shares of the real estate investment trust’s stock valued at $479,000 after purchasing an additional 1,377 shares during the period. Finally, Raleigh Capital Management Inc. raised its stake in shares of Douglas Emmett by 62.0% in the third quarter. Raleigh Capital Management Inc. now owns 3,856 shares of the real estate investment trust’s stock valued at $68,000 after purchasing an additional 1,476 shares in the last quarter. Institutional investors own 97.37% of the company’s stock.

Analysts Set New Price Targets

DEI has been the subject of a number of recent research reports. Wells Fargo & Company increased their price objective on shares of Douglas Emmett from $15.00 to $17.00 and gave the company an “overweight” rating in a research note on Wednesday, September 11th. Scotiabank boosted their price target on Douglas Emmett from $14.00 to $16.00 and gave the company a “sector perform” rating in a research note on Monday, August 26th. Piper Sandler increased their price objective on Douglas Emmett from $15.00 to $16.00 and gave the stock a “neutral” rating in a research note on Monday, August 12th. JPMorgan Chase & Co. boosted their target price on shares of Douglas Emmett from $15.00 to $18.00 and gave the company a “neutral” rating in a research note on Monday, September 9th. Finally, Citigroup boosted their target price on Douglas Emmett from $14.00 to $16.00 and gave the stock a “neutral” rating in a report on Thursday, September 12th. Seven research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, Douglas Emmett currently has a consensus rating of “Hold” and a consensus price target of $16.29.

Douglas Emmett Stock Up 2.7 %

NYSE DEI opened at $18.00 on Tuesday. The company has a debt-to-equity ratio of 1.47, a quick ratio of 5.11 and a current ratio of 5.11. Douglas Emmett, Inc. has a 52 week low of $10.76 and a 52 week high of $19.27. The stock has a market capitalization of $3.01 billion, a P/E ratio of -85.71 and a beta of 1.10. The stock has a fifty day moving average of $17.30 and a 200-day moving average of $15.26.

Douglas Emmett (NYSE:DEI) last issued its quarterly earnings results on Thursday, August 8th. The real estate investment trust reported $0.06 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.37). Douglas Emmett had a negative return on equity of 0.88% and a negative net margin of 3.55%. The business had revenue of $245.80 million for the quarter, compared to analyst estimates of $246.62 million. During the same quarter in the prior year, the firm earned $0.48 EPS. The firm’s quarterly revenue was down 3.0% compared to the same quarter last year. On average, equities research analysts forecast that Douglas Emmett, Inc. will post 1.68 EPS for the current year.

Douglas Emmett Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 16th. Stockholders of record on Monday, September 30th were given a dividend of $0.19 per share. The ex-dividend date of this dividend was Monday, September 30th. This represents a $0.76 annualized dividend and a dividend yield of 4.22%. Douglas Emmett’s payout ratio is currently -361.90%.

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.