Inspire Investing LLC Sells 1,692 Shares of Douglas Emmett, Inc. (NYSE:DEI)

Inspire Investing LLC reduced its holdings in shares of Douglas Emmett, Inc. (NYSE:DEI) by 7.2% in the fourth quarter, HoldingsChannel reports. The fund owned 21,814 shares of the real estate investment trust’s stock after selling 1,692 shares during the period. Inspire Investing LLC’s holdings in Douglas Emmett were worth $405,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the business. GAMMA Investing LLC lifted its position in shares of Douglas Emmett by 19.7% in the fourth quarter. GAMMA Investing LLC now owns 4,561 shares of the real estate investment trust’s stock worth $85,000 after buying an additional 750 shares in the last quarter. HighTower Advisors LLC increased its stake in Douglas Emmett by 9.6% in the 3rd quarter. HighTower Advisors LLC now owns 13,335 shares of the real estate investment trust’s stock worth $234,000 after acquiring an additional 1,171 shares during the last quarter. Raleigh Capital Management Inc. raised its holdings in shares of Douglas Emmett by 30.4% during the 4th quarter. Raleigh Capital Management Inc. now owns 5,028 shares of the real estate investment trust’s stock worth $93,000 after acquiring an additional 1,172 shares in the last quarter. Nomura Asset Management Co. Ltd. boosted its position in shares of Douglas Emmett by 0.6% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 211,400 shares of the real estate investment trust’s stock valued at $3,714,000 after acquiring an additional 1,300 shares during the last quarter. Finally, AQR Capital Management LLC grew its holdings in shares of Douglas Emmett by 3.9% in 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 in the last quarter. Institutional investors own 97.37% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Piper Sandler raised shares of Douglas Emmett from a “neutral” rating to an “overweight” rating and set a $20.00 price objective for the company in a research note on Monday, January 13th. Janney Montgomery Scott reiterated a “neutral” rating on shares of Douglas Emmett in a research report on Wednesday, January 15th. Evercore ISI upped their price objective on Douglas Emmett from $16.00 to $19.00 and gave the company an “in-line” rating in a research report on Thursday, November 7th. Wedbush upgraded Douglas Emmett from a “neutral” rating to an “outperform” rating and lifted their target price for the stock from $19.00 to $21.00 in a report on Thursday, January 2nd. Finally, Scotiabank upgraded Douglas Emmett from a “sector perform” rating to a “sector outperform” rating and increased their price target for the company from $16.00 to $21.00 in a report on Thursday, November 14th. Six investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $18.75.

Douglas Emmett Price Performance

Shares of DEI stock opened at $17.23 on Friday. The stock has a 50 day moving average price of $18.54 and a 200 day moving average price of $17.29. Douglas Emmett, Inc. has a 52-week low of $12.35 and a 52-week high of $20.50. The company has a debt-to-equity ratio of 1.51, a quick ratio of 4.09 and a current ratio of 4.09. The firm has a market capitalization of $2.88 billion, a P/E ratio of -172.30 and a beta of 1.11.

Douglas Emmett (NYSE:DEI) last released its earnings results on Monday, November 4th. The real estate investment trust reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.41 by ($0.38). The business had revenue of $250.75 million for the quarter, compared to the consensus estimate of $242.75 million. Douglas Emmett had a negative return on equity of 0.43% and a negative net margin of 1.68%. The firm’s revenue for the quarter was down 1.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.45 earnings per share. As a group, sell-side analysts predict that Douglas Emmett, Inc. will post 1.7 earnings per share for the current year.

Douglas Emmett Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were issued a $0.19 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $0.76 dividend on an annualized basis and a dividend yield of 4.41%. Douglas Emmett’s payout ratio is -760.00%.

About Douglas Emmett

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.