Douglas Emmett, Inc. (NYSE:DEI) Shares Purchased by Commonwealth of Pennsylvania Public School Empls Retrmt SYS

Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in Douglas Emmett, Inc. (NYSE:DEI) by 37.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 87,969 shares of the real estate investment trust’s stock after acquiring an additional 23,853 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS owned approximately 0.05% of Douglas Emmett worth $1,633,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also added to or reduced their stakes in the company. Xponance Inc. raised its stake in shares of Douglas Emmett by 8.6% in the fourth quarter. Xponance Inc. now owns 11,634 shares of the real estate investment trust’s stock worth $216,000 after purchasing an additional 920 shares during the last quarter. Intech Investment Management LLC raised its position in Douglas Emmett by 70.2% during the 4th quarter. Intech Investment Management LLC now owns 62,959 shares of the real estate investment trust’s stock worth $1,169,000 after buying an additional 25,962 shares during the last quarter. Cibc World Markets Corp acquired a new stake in Douglas Emmett during the 4th quarter valued at approximately $281,000. Natixis Advisors LLC boosted its holdings in shares of Douglas Emmett by 7.6% in the 4th quarter. Natixis Advisors LLC now owns 60,337 shares of the real estate investment trust’s stock valued at $1,120,000 after acquiring an additional 4,249 shares during the last quarter. Finally, Swiss National Bank increased its stake in shares of Douglas Emmett by 0.8% in the fourth quarter. Swiss National Bank now owns 329,300 shares of the real estate investment trust’s stock worth $6,112,000 after acquiring an additional 2,600 shares during the period. Hedge funds and other institutional investors own 97.37% of the company’s stock.

Douglas Emmett Trading Down 0.3 %

Shares of NYSE:DEI opened at $16.58 on Wednesday. The business’s 50 day moving average price is $16.94 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. The firm has a market capitalization of $2.78 billion, a price-to-earnings ratio of 127.55 and a beta of 1.13. The company has a debt-to-equity ratio of 1.50, a current ratio of 4.32 and a quick ratio of 4.09.

Douglas Emmett (NYSE:DEI) last posted its quarterly earnings data on Tuesday, February 4th. The real estate investment trust reported $0.38 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.06) by $0.44. Douglas Emmett had a net margin of 2.38% and a return on equity of 0.63%. On average, equities research analysts forecast that Douglas Emmett, Inc. will post 1.45 earnings per share for the current fiscal year.

Douglas Emmett Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be given a $0.19 dividend. The ex-dividend date is Monday, March 31st. This represents a $0.76 annualized dividend and a dividend yield of 4.58%. Douglas Emmett’s dividend payout ratio (DPR) is presently 584.62%.

Analyst Ratings Changes

A number of research firms recently issued reports on DEI. Wedbush upgraded shares of Douglas Emmett from a “neutral” rating to an “outperform” rating and boosted their target price for the company from $19.00 to $21.00 in a research report on Thursday, January 2nd. StockNews.com downgraded Douglas Emmett from a “hold” rating to a “sell” rating in a research note on Thursday, February 6th. Piper Sandler upgraded Douglas Emmett from a “neutral” rating to an “overweight” rating and set a $20.00 price target for the company in a research report on Monday, January 13th. Jefferies Financial Group began coverage on Douglas Emmett in a report on Monday, March 17th. They issued a “hold” rating and a $16.00 price target for the company. 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 assigned a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, Douglas Emmett presently has a consensus rating of “Hold” and an average target price of $18.50.

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.