Louisiana State Employees Retirement System Has $1.75 Million Holdings in Douglas Emmett, Inc. (DEI)

Louisiana State Employees Retirement System raised its holdings in Douglas Emmett, Inc. (NYSE:DEI) by 1.2% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 43,300 shares of the real estate investment trust’s stock after acquiring an additional 500 shares during the quarter. Louisiana State Employees Retirement System’s holdings in Douglas Emmett were worth $1,750,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of DEI. Utah Retirement Systems lifted its stake in shares of Douglas Emmett by 0.8% in the fourth quarter. Utah Retirement Systems now owns 37,295 shares of the real estate investment trust’s stock worth $1,272,000 after buying an additional 300 shares during the last quarter. 6 Meridian lifted its stake in shares of Douglas Emmett by 3.5% in the first quarter. 6 Meridian now owns 13,175 shares of the real estate investment trust’s stock worth $533,000 after buying an additional 443 shares during the last quarter. PNC Financial Services Group Inc. lifted its stake in shares of Douglas Emmett by 10.7% in the fourth quarter. PNC Financial Services Group Inc. now owns 5,595 shares of the real estate investment trust’s stock worth $192,000 after buying an additional 542 shares during the last quarter. State of Alaska Department of Revenue lifted its stake in shares of Douglas Emmett by 0.9% in the first quarter. State of Alaska Department of Revenue now owns 70,349 shares of the real estate investment trust’s stock worth $2,843,000 after buying an additional 603 shares during the last quarter. Finally, Advisor Group Inc. lifted its stake in shares of Douglas Emmett by 8.2% in the fourth quarter. Advisor Group Inc. now owns 8,942 shares of the real estate investment trust’s stock worth $305,000 after buying an additional 675 shares during the last quarter. Hedge funds and other institutional investors own 93.22% of the company’s stock.

A number of analysts have recently weighed in on the stock. JMP Securities restated a “hold” rating on shares of Douglas Emmett in a research note on Sunday, February 17th. Zacks Investment Research upgraded shares of Douglas Emmett from a “sell” rating to a “hold” rating in a research note on Wednesday, February 6th. Barclays upgraded shares of Douglas Emmett from an “underweight” rating to an “equal weight” rating and boosted their price objective for the stock from $37.00 to $39.00 in a research note on Monday, February 4th. Wells Fargo & Co set a $37.00 price objective on shares of Douglas Emmett and gave the stock a “positive” rating in a research note on Wednesday, January 16th. Finally, Janney Montgomery Scott upgraded shares of Douglas Emmett from a “neutral” rating to a “buy” rating and set a $42.00 price objective for the company in a research note on Wednesday, December 19th. Six analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Douglas Emmett presently has an average rating of “Buy” and a consensus target price of $41.10.

Shares of DEI stock opened at $40.49 on Wednesday. Douglas Emmett, Inc. has a 1 year low of $32.32 and a 1 year high of $41.86. The firm has a market cap of $7.10 billion, a P/E ratio of 20.54, a P/E/G ratio of 3.23 and a beta of 0.78. The company has a debt-to-equity ratio of 1.07, a quick ratio of 2.12 and a current ratio of 2.12.

Douglas Emmett (NYSE:DEI) last announced its earnings results on Tuesday, February 12th. The real estate investment trust reported $0.52 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.52. Douglas Emmett had a net margin of 13.58% and a return on equity of 2.97%. The business had revenue of $226.29 million for the quarter, compared to analyst estimates of $223.46 million. During the same quarter in the previous year, the firm posted $0.49 earnings per share. Douglas Emmett’s revenue was up 8.2% compared to the same quarter last year. Analysts predict that Douglas Emmett, Inc. will post 2.11 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 16th. Investors of record on Friday, March 29th were given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 2.57%. The ex-dividend date of this dividend was Thursday, March 28th. Douglas Emmett’s dividend payout ratio (DPR) is currently 51.49%.

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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.

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Institutional Ownership by Quarter for Douglas Emmett (NYSE:DEI)

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