Douglas Emmett, Inc. (NYSE:DEI) Shares Sold by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D lowered its position in shares of Douglas Emmett, Inc. (NYSE:DEI) by 32.4% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 224,463 shares of the real estate investment trust’s stock after selling 107,464 shares during the quarter. State of New Jersey Common Pension Fund D owned approximately 0.13% of Douglas Emmett worth $2,988,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of DEI. Arizona State Retirement System grew its holdings in Douglas Emmett by 2.2% in the 2nd quarter. Arizona State Retirement System now owns 46,850 shares of the real estate investment trust’s stock valued at $624,000 after buying an additional 1,027 shares during the period. Aspire Private Capital LLC grew its holdings in Douglas Emmett by 20.0% in the second quarter. Aspire Private Capital LLC now owns 9,537 shares of the real estate investment trust’s stock valued at $127,000 after purchasing an additional 1,592 shares during the period. Louisiana State Employees Retirement System increased its position in Douglas Emmett by 1.9% during the second quarter. Louisiana State Employees Retirement System now owns 84,200 shares of the real estate investment trust’s stock worth $1,121,000 after purchasing an additional 1,600 shares during the last quarter. Van ECK Associates Corp raised its stake in Douglas Emmett by 6.2% during the second quarter. Van ECK Associates Corp now owns 28,119 shares of the real estate investment trust’s stock worth $374,000 after purchasing an additional 1,650 shares during the period. Finally, Nomura Asset Management Co. Ltd. boosted its holdings in shares of Douglas Emmett by 0.9% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 188,400 shares of the real estate investment trust’s stock valued at $2,732,000 after purchasing an additional 1,700 shares during the last quarter. 97.37% of the stock is owned by hedge funds and other institutional investors.

Douglas Emmett Stock Up 1.3 %

Shares of NYSE:DEI opened at $17.01 on Thursday. The company has a 50 day moving average of $15.46 and a two-hundred day moving average of $14.21. Douglas Emmett, Inc. has a 52-week low of $10.76 and a 52-week high of $17.40. The company has a quick ratio of 5.11, a current ratio of 5.11 and a debt-to-equity ratio of 1.47. The company has a market capitalization of $2.85 billion, a price-to-earnings ratio of -54.87 and a beta of 1.10.

Douglas Emmett (NYSE:DEI) last announced its quarterly earnings data on Thursday, August 8th. The real estate investment trust reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.37). The company had revenue of $245.80 million for the quarter, compared to analyst estimates of $246.62 million. Douglas Emmett had a negative return on equity of 0.88% and a negative net margin of 3.55%. Douglas Emmett’s revenue was down 3.0% on a year-over-year basis. During the same period in the prior year, the business earned $0.48 earnings per share. As a group, analysts forecast that Douglas Emmett, Inc. will post 1.67 earnings per share for the current fiscal year.

Douglas Emmett Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 16th. Shareholders of record on Monday, September 30th will be issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 4.47%. The ex-dividend date is Monday, September 30th. Douglas Emmett’s dividend payout ratio is presently -245.16%.

Analyst Ratings Changes

DEI has been the subject of a number of research analyst reports. Scotiabank upped their price objective on Douglas Emmett from $14.00 to $16.00 and gave the stock a “sector perform” rating in a report on Monday, August 26th. JPMorgan Chase & Co. raised their price objective on Douglas Emmett from $15.00 to $18.00 and gave the stock a “neutral” rating in a report on Monday, September 9th. Piper Sandler boosted their target price on Douglas Emmett from $15.00 to $16.00 and gave the stock a “neutral” rating in a report on Monday, August 12th. Evercore ISI raised their price target on shares of Douglas Emmett from $15.00 to $16.00 and gave the company an “in-line” rating in a report on Wednesday, August 28th. Finally, Citigroup increased their price objective on shares of Douglas Emmett from $14.00 to $16.00 and gave the stock a “neutral” rating in a research report on Thursday, September 12th. Eight research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $15.88.

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.