Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in shares of Douglas Emmett, Inc. (NYSE:DEI – Free Report) by 164.6% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 248,860 shares of the real estate investment trust’s stock after purchasing an additional 154,801 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Douglas Emmett were worth $2,344,000 at the end of the most recent reporting period.
Other large investors also recently modified their holdings of the company. State Street Corp grew its position in Douglas Emmett by 1.0% in the 2nd quarter. State Street Corp now owns 9,759,702 shares of the real estate investment trust’s stock valued at $148,593,000 after purchasing an additional 100,396 shares during the period. Wellington Management Group LLP raised its holdings in Douglas Emmett by 2.5% during the fourth quarter. Wellington Management Group LLP now owns 7,142,978 shares of the real estate investment trust’s stock worth $78,501,000 after buying an additional 171,208 shares during the last quarter. Millennium Management LLC raised its holdings in Douglas Emmett by 650.5% during the fourth quarter. Millennium Management LLC now owns 5,607,861 shares of the real estate investment trust’s stock worth $61,630,000 after buying an additional 4,860,682 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of Douglas Emmett by 10.5% in the fourth quarter. Goldman Sachs Group Inc. now owns 5,310,925 shares of the real estate investment trust’s stock valued at $58,367,000 after buying an additional 506,108 shares in the last quarter. Finally, Geode Capital Management LLC lifted its stake in shares of Douglas Emmett by 0.6% in the fourth quarter. Geode Capital Management LLC now owns 4,291,907 shares of the real estate investment trust’s stock valued at $47,174,000 after buying an additional 23,653 shares in the last quarter. 97.37% of the stock is currently owned by institutional investors.
Douglas Emmett Price Performance
Shares of NYSE:DEI opened at $12.76 on Friday. The company has a current ratio of 2.63, a quick ratio of 2.63 and a debt-to-equity ratio of 1.62. The stock’s fifty day simple moving average is $11.94 and its two-hundred day simple moving average is $10.90. Douglas Emmett, Inc. has a 1-year low of $9.04 and a 1-year high of $16.99. The stock has a market cap of $2.14 billion, a PE ratio of -75.03, a price-to-earnings-growth ratio of 6.50 and a beta of 1.15.
Douglas Emmett Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were issued a dividend of $0.19 per share. The ex-dividend date was Tuesday, June 30th. This represents a $0.76 annualized dividend and a yield of 6.0%. Douglas Emmett’s payout ratio is -447.06%.
Analyst Ratings Changes
A number of brokerages have recently issued reports on DEI. Citigroup lifted their price objective on shares of Douglas Emmett from $10.00 to $12.00 and gave the company a “neutral” rating in a report on Monday, May 11th. Cantor Fitzgerald upped their target price on shares of Douglas Emmett from $11.00 to $12.00 and gave the stock a “neutral” rating in a report on Monday, May 11th. Weiss Ratings cut shares of Douglas Emmett from a “sell (d+)” rating to a “sell (d)” rating in a research report on Monday, May 4th. Scotiabank lifted their price target on Douglas Emmett from $11.50 to $12.00 and gave the company a “sector perform” rating in a research note on Thursday, May 21st. Finally, Wall Street Zen raised Douglas Emmett from a “sell” rating to a “hold” rating in a report on Saturday, June 27th. One investment analyst has rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $13.00.
Check Out Our Latest Analysis on Douglas Emmett
Douglas Emmett Company Profile
Douglas Emmett, Inc is a publicly traded real estate investment trust headquartered in Santa Monica, California. The company specializes in the ownership, management and development of high‐quality office and multifamily properties, primarily concentrated in the coastal regions of Los Angeles County and the Greater Honolulu area. As a vertically integrated real estate platform, Douglas Emmett controls all aspects of property operations, leasing, capital improvements and tenant relations, positioning it to deliver stable, long‐term cash flows.
The company’s office portfolio consists predominantly of Class A buildings located in prime business districts, featuring modern amenities, campus-like settings and environmentally conscious design elements.
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