Inspire Investing LLC Trims Stake in Douglas Emmett, Inc. (NYSE:DEI)

Inspire Investing LLC reduced its stake in Douglas Emmett, Inc. (NYSE:DEI) by 11.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,506 shares of the real estate investment trust’s stock after selling 2,985 shares during the period. Inspire Investing LLC’s holdings in Douglas Emmett were worth $413,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. raised its position in shares of Douglas Emmett by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 26,187,297 shares of the real estate investment trust’s stock worth $379,716,000 after acquiring an additional 229,301 shares in the last quarter. Manning & Napier Advisors LLC purchased a new stake in Douglas Emmett in the second quarter worth $3,825,000. GSA Capital Partners LLP raised its holdings in Douglas Emmett by 356.7% in the first quarter. GSA Capital Partners LLP now owns 116,902 shares of the real estate investment trust’s stock worth $1,621,000 after purchasing an additional 91,305 shares in the last quarter. Centersquare Investment Management LLC lifted its position in Douglas Emmett by 20.8% during the first quarter. Centersquare Investment Management LLC now owns 4,363,009 shares of the real estate investment trust’s stock valued at $59,817,000 after buying an additional 751,419 shares during the period. Finally, Swedbank AB bought a new stake in shares of Douglas Emmett during the 1st quarter valued at $661,000. 97.37% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages recently issued reports on DEI. Evercore ISI lifted their price target on shares of Douglas Emmett from $15.00 to $16.00 and gave the company an “in-line” rating in a research report on Wednesday, August 28th. Citigroup boosted their price target on Douglas Emmett from $14.00 to $16.00 and gave the stock a “neutral” rating in a research report on Thursday, September 12th. Wells Fargo & Company raised their price objective 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. lifted their price objective on Douglas Emmett from $15.00 to $18.00 and gave the company a “neutral” rating in a research note on Monday, September 9th. Finally, Piper Sandler increased their target price on Douglas Emmett from $15.00 to $16.00 and gave the stock a “neutral” rating in a research note on Monday, August 12th. Seven research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $16.29.

Douglas Emmett Trading Up 1.6 %

Shares of NYSE:DEI opened at $18.65 on Thursday. Douglas Emmett, Inc. has a 1 year low of $10.76 and a 1 year high of $18.83. The stock’s fifty day moving average price is $16.46 and its 200-day moving average price is $14.78. The company has a market cap of $3.12 billion, a P/E ratio of -60.15 and a beta of 1.11. The company has a debt-to-equity ratio of 1.47, a current ratio of 5.11 and a quick ratio of 5.11.

Douglas Emmett (NYSE:DEI) last announced its quarterly earnings results on Thursday, August 8th. The real estate investment trust reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.37). Douglas Emmett had a negative net margin of 3.55% and a negative return on equity of 0.88%. The company had revenue of $245.80 million for the quarter, compared to analysts’ expectations of $246.62 million. During the same period in the previous year, the business earned $0.48 EPS. The business’s revenue was down 3.0% compared to the same quarter last year. Sell-side analysts expect that Douglas Emmett, Inc. will post 1.67 earnings per share for the current year.

Douglas Emmett Dividend Announcement

The business also recently announced 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 4.08%. Douglas Emmett’s dividend payout ratio is presently -245.16%.

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.