Nordea Investment Management AB Has $12.32 Million Holdings in Douglas Emmett, Inc. (NYSE:DEI)

Nordea Investment Management AB grew its position in Douglas Emmett, Inc. (NYSE:DEI) by 4.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 663,262 shares of the real estate investment trust’s stock after buying an additional 25,737 shares during the quarter. Nordea Investment Management AB’s holdings in Douglas Emmett were worth $12,317,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in DEI. Natixis Advisors LLC grew its position in Douglas Emmett by 66.8% during the 2nd quarter. Natixis Advisors LLC now owns 51,678 shares of the real estate investment trust’s stock worth $688,000 after purchasing an additional 20,689 shares in the last quarter. Rhumbline Advisers boosted its position in shares of Douglas Emmett by 0.5% in the second quarter. Rhumbline Advisers now owns 559,680 shares of the real estate investment trust’s stock worth $7,449,000 after buying an additional 3,048 shares during the period. Arizona State Retirement System grew its holdings in shares of Douglas Emmett by 2.2% during the second quarter. Arizona State Retirement System now owns 46,850 shares of the real estate investment trust’s stock valued at $624,000 after buying an additional 1,027 shares in the last quarter. Choreo LLC acquired a new position in Douglas Emmett during the second quarter valued at $147,000. Finally, Massachusetts Financial Services Co. MA lifted its stake in Douglas Emmett by 2.1% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 8,090,198 shares of the real estate investment trust’s stock worth $107,681,000 after acquiring an additional 165,425 shares in the last quarter. 97.37% of the stock is owned by hedge funds and other institutional investors.

Douglas Emmett Trading Down 3.0 %

Shares of NYSE:DEI opened at $16.90 on Thursday. The company has a current ratio of 4.09, a quick ratio of 4.09 and a debt-to-equity ratio of 1.51. The stock has a market capitalization of $2.83 billion, a PE ratio of -169.00 and a beta of 1.11. Douglas Emmett, Inc. has a 1 year low of $12.35 and a 1 year high of $20.50. The firm has a fifty day moving average price of $18.87 and a 200 day moving average price of $16.97.

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

Douglas Emmett Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 4.50%. The ex-dividend date of this dividend is Tuesday, December 31st. Douglas Emmett’s payout ratio is -760.00%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Citigroup lifted their target price on Douglas Emmett from $14.00 to $16.00 and gave the company a “neutral” rating in a research note on Thursday, September 12th. Wedbush upgraded shares of Douglas Emmett from a “neutral” rating to an “outperform” rating and upped their price objective for the company from $19.00 to $21.00 in a research note on Thursday, January 2nd. Jefferies Financial Group increased their target price on shares of Douglas Emmett from $17.00 to $18.00 and gave the stock a “hold” rating in a research report on Thursday, January 2nd. Evercore ISI boosted their price target on shares of Douglas Emmett from $16.00 to $19.00 and gave the company an “in-line” rating in a report on Thursday, November 7th. Finally, Wells Fargo & Company increased their price objective on Douglas Emmett from $15.00 to $17.00 and gave the stock an “overweight” rating in a report on Wednesday, September 11th. Six equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $18.25.

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.