Commonwealth of Pennsylvania Public School Empls Retrmt SYS Boosts Stake in Douglas Emmett, Inc. (NYSE:DEI)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in shares of Douglas Emmett, Inc. (NYSE:DEI) by 37.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor 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’s holdings in Douglas Emmett were worth $1,633,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Smartleaf Asset Management LLC grew its position in shares of Douglas Emmett by 222.4% in the fourth 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 in the last quarter. GAMMA Investing LLC increased its stake in shares of Douglas Emmett by 19.7% in the 4th quarter. GAMMA Investing LLC now owns 4,561 shares of the real estate investment trust’s stock worth $85,000 after acquiring an additional 750 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 during the period. KBC Group NV boosted its position in shares of Douglas Emmett by 41.1% during the 4th quarter. KBC Group NV now owns 6,926 shares of the real estate investment trust’s stock valued at $129,000 after acquiring an additional 2,018 shares during the last quarter. Finally, Paloma Partners Management Co purchased a new stake in shares of Douglas Emmett in the third quarter valued at about $176,000. Institutional investors and hedge funds own 97.37% of the company’s stock.

Analyst Ratings Changes

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

Douglas Emmett Stock Down 0.3 %

Shares of DEI opened at $16.58 on Wednesday. The company’s 50-day simple moving average is $16.94 and its 200-day simple moving average is $17.78. The company has a debt-to-equity ratio of 1.50, a quick ratio of 4.09 and a current ratio of 4.32. Douglas Emmett, Inc. has a 1 year low of $12.50 and a 1 year high of $20.50. The stock has a market capitalization of $2.78 billion, a PE ratio of 127.55 and a beta of 1.13.

Douglas Emmett (NYSE:DEI) last issued its quarterly earnings results on Tuesday, February 4th. The real estate investment trust reported $0.38 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%. Analysts forecast that Douglas Emmett, Inc. will post 1.45 earnings per share for the current fiscal year.

Douglas Emmett Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be given a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 4.58%. The ex-dividend date of this dividend is Monday, March 31st. Douglas Emmett’s dividend payout ratio is currently 584.62%.

Douglas Emmett Company 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.