Public Employees Retirement System of Ohio Acquires 1,794 Shares of Douglas Emmett, Inc. (NYSE:DEI)

Public Employees Retirement System of Ohio raised its holdings in Douglas Emmett, Inc. (NYSE:DEI) by 0.7% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 243,939 shares of the real estate investment trust’s stock after buying an additional 1,794 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Douglas Emmett were worth $4,286,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the business. Raymond James & Associates boosted its position in shares of Douglas Emmett by 50.6% in the second quarter. Raymond James & Associates now owns 431,342 shares of the real estate investment trust’s stock valued at $5,741,000 after acquiring an additional 144,995 shares during the period. Neo Ivy Capital Management bought a new stake in Douglas Emmett in the 2nd quarter valued at $2,573,000. Louisiana State Employees Retirement System boosted its holdings in Douglas Emmett by 1.9% in the 2nd quarter. Louisiana State Employees Retirement System now owns 84,200 shares of the real estate investment trust’s stock valued at $1,121,000 after purchasing an additional 1,600 shares during the period. Bank of New York Mellon Corp grew its position in Douglas Emmett by 1.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 2,417,865 shares of the real estate investment trust’s stock worth $32,182,000 after purchasing an additional 24,272 shares during the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in shares of Douglas Emmett by 15.9% during the 2nd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 30,537 shares of the real estate investment trust’s stock worth $406,000 after purchasing an additional 4,191 shares during the period. 97.37% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. JPMorgan Chase & Co. lifted their target price on Douglas Emmett from $15.00 to $18.00 and gave the stock a “neutral” rating in a research report on Monday, September 9th. Scotiabank raised Douglas Emmett from a “sector perform” rating to a “sector outperform” rating and lifted their price objective for the stock from $16.00 to $21.00 in a report on Thursday, November 14th. Evercore ISI boosted 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. Citigroup lifted their price target on shares of Douglas Emmett from $14.00 to $16.00 and gave the stock a “neutral” rating in a research note on Thursday, September 12th. Finally, Wells Fargo & Company boosted their price target on shares of Douglas Emmett from $15.00 to $17.00 and gave the company an “overweight” rating in a report on Wednesday, September 11th. Six equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $17.43.

Douglas Emmett Stock Performance

Douglas Emmett stock opened at $19.97 on Friday. Douglas Emmett, Inc. has a 52-week low of $12.35 and a 52-week high of $20.27. The company has a debt-to-equity ratio of 1.51, a current ratio of 4.09 and a quick ratio of 4.09. The stock has a fifty day moving average price of $18.70 and a two-hundred day moving average price of $16.32. The firm has a market capitalization of $3.34 billion, a P/E ratio of -199.70 and a beta of 1.11.

Douglas Emmett (NYSE:DEI) last announced 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). The firm had revenue of $250.75 million for the quarter, compared to the consensus estimate of $242.75 million. Douglas Emmett had a negative net margin of 1.68% and a negative return on equity of 0.43%. The company’s revenue for the quarter was down 1.8% on a year-over-year basis. During the same period in the prior year, the business earned $0.45 earnings per share. As a group, analysts anticipate that Douglas Emmett, Inc. will post 1.7 EPS for the current fiscal year.

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.