Douglas Emmett, Inc. (NYSE:DEI) Shares Acquired by New York State Teachers Retirement System

New York State Teachers Retirement System lifted its holdings in Douglas Emmett, Inc. (NYSE:DEI) by 6.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 112,422 shares of the real estate investment trust’s stock after buying an additional 7,046 shares during the quarter. New York State Teachers Retirement System owned 0.07% of Douglas Emmett worth $2,087,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of DEI. Venturi Wealth Management LLC purchased a new position in shares of Douglas Emmett in the third quarter valued at $48,000. Blue Trust Inc. boosted its stake in shares of Douglas Emmett by 1,081.5% during the 3rd quarter. Blue Trust Inc. now owns 3,710 shares of the real estate investment trust’s stock worth $65,000 after purchasing an additional 3,396 shares during the last quarter. GAMMA Investing LLC boosted its position in Douglas Emmett by 19.7% during the fourth 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 Douglas Emmett by 30.4% in the 4th quarter. Raleigh Capital Management Inc. now owns 5,028 shares of the real estate investment trust’s stock valued at $93,000 after acquiring an additional 1,172 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Douglas Emmett by 34.8% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 6,497 shares of the real estate investment trust’s stock worth $114,000 after purchasing an additional 1,677 shares during the period. Institutional investors and hedge funds own 97.37% of the company’s stock.

Douglas Emmett Stock Down 2.3 %

DEI opened at $16.14 on Friday. The company has a debt-to-equity ratio of 1.50, a quick ratio of 4.09 and a current ratio of 4.32. The company has a market capitalization of $2.70 billion, a PE ratio of 124.12 and a beta of 1.11. The stock’s fifty day moving average is $17.77 and its 200-day moving average is $17.61. Douglas Emmett, Inc. has a one year low of $12.50 and a one year high of $20.50.

Douglas Emmett (NYSE:DEI) last announced its quarterly earnings data on Tuesday, February 4th. The real estate investment trust reported $0.38 earnings per share (EPS) for the quarter, topping 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 analysts predict that Douglas Emmett, Inc. will post 1.45 EPS for the current fiscal year.

Douglas Emmett Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were paid a $0.19 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $0.76 dividend on an annualized basis and a yield of 4.71%. Douglas Emmett’s dividend payout ratio is currently 584.66%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Jefferies Financial Group raised 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. Wedbush upgraded Douglas Emmett from a “neutral” rating to an “outperform” rating and boosted their price objective for the stock from $19.00 to $21.00 in a research note on Thursday, January 2nd. 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 report on Monday, January 13th. Scotiabank raised shares of Douglas Emmett from a “sector perform” rating to a “sector outperform” rating and increased their price objective for the company from $16.00 to $21.00 in a research report on Thursday, November 14th. Finally, StockNews.com cut shares of Douglas Emmett from a “hold” rating to a “sell” rating in a research report on Thursday, February 6th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, Douglas Emmett has a consensus rating of “Hold” and an average price target of $18.75.

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.