Commonwealth of Pennsylvania Public School Empls Retrmt SYS Has $1.63 Million Holdings in Douglas Emmett, Inc. (NYSE:DEI)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in Douglas Emmett, Inc. (NYSE:DEI - Free Report) by 37.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 87,969 shares of the real estate investment trust's stock after purchasing an additional 23,853 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS owned 0.05% of Douglas Emmett worth $1,633,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC raised its position in Douglas Emmett by 222.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 4,252 shares of the real estate investment trust's stock valued at $79,000 after purchasing an additional 2,933 shares during the last quarter. GAMMA Investing LLC raised its holdings 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 valued at $85,000 after buying an additional 750 shares during the last quarter. Raleigh Capital Management Inc. grew its holdings in 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 during the last quarter. KBC Group NV raised its stake in shares of Douglas Emmett by 41.1% in the fourth quarter. KBC Group NV now owns 6,926 shares of the real estate investment trust's stock worth $129,000 after acquiring an additional 2,018 shares during the last quarter. Finally, Paloma Partners Management Co acquired a new position in shares of Douglas Emmett during the third quarter worth approximately $176,000. 97.37% of the stock is owned by institutional investors.

Remove Ads

Douglas Emmett Trading Down 1.9 %

Shares of Douglas Emmett stock traded down $0.32 during trading on Friday, hitting $16.07. 4,363,020 shares of the company were exchanged, compared to its average volume of 1,650,306. The company has a debt-to-equity ratio of 1.50, a current ratio of 4.32 and a quick ratio of 4.09. The firm has a market capitalization of $2.69 billion, a P/E ratio of 123.66 and a beta of 1.13. The firm's fifty day moving average price is $16.88 and its 200 day moving average price is $17.78. Douglas Emmett, Inc. has a 1-year low of $12.50 and a 1-year high of $20.50.

Douglas Emmett (NYSE:DEI - Get Free Report) last issued its quarterly earnings data on Tuesday, February 4th. The real estate investment trust reported $0.38 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.06) by $0.44. Douglas Emmett had a net margin of 2.38% and a return on equity of 0.63%. As a group, sell-side analysts expect that Douglas Emmett, Inc. will post 1.45 earnings per share for the current fiscal year.

Douglas Emmett Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 4.73%. The ex-dividend date is Monday, March 31st. Douglas Emmett's payout ratio is presently 584.62%.

Wall Street Analysts Forecast Growth

DEI has been the topic of several research reports. Piper Sandler raised Douglas Emmett from a "neutral" rating to an "overweight" rating and set a $20.00 price objective on the stock in a report on Monday, January 13th. Wedbush raised Douglas Emmett from a "neutral" rating to an "outperform" rating and upped their price target for the company from $19.00 to $21.00 in a research note on Thursday, January 2nd. StockNews.com lowered Douglas Emmett from a "hold" rating to a "sell" rating in a research report on Thursday, February 6th. Jefferies Financial Group assumed coverage on shares of Douglas Emmett in a research report on Monday, March 17th. They set a "hold" rating and a $16.00 target price on the stock. Finally, Janney Montgomery Scott reaffirmed a "neutral" rating on shares of Douglas Emmett in a research note on Wednesday, January 15th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $18.50.

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.