California Public Employees Retirement System Sells 11,419 Shares of Douglas Emmett, Inc. (NYSE:DEI)

California Public Employees Retirement System reduced its stake in Douglas Emmett, Inc. (NYSE:DEI) by 3.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 283,804 shares of the real estate investment trust’s stock after selling 11,419 shares during the quarter. California Public Employees Retirement System owned about 0.17% of Douglas Emmett worth $5,267,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in DEI. Geode Capital Management LLC boosted its stake in Douglas Emmett by 0.7% during the 3rd quarter. Geode Capital Management LLC now owns 4,171,839 shares of the real estate investment trust’s stock valued at $73,312,000 after purchasing an additional 26,961 shares during the last quarter. Empowered Funds LLC purchased a new stake in shares of Douglas Emmett during the fourth quarter valued at $412,000. Principal Financial Group Inc. increased its holdings in Douglas Emmett by 2.9% in the 4th quarter. Principal Financial Group Inc. now owns 811,655 shares of the real estate investment trust’s stock worth $15,064,000 after buying an additional 22,878 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in Douglas Emmett by 130.6% during the 4th quarter. JPMorgan Chase & Co. now owns 2,684,597 shares of the real estate investment trust’s stock valued at $49,826,000 after acquiring an additional 1,520,348 shares during the period. Finally, KBC Group NV lifted its stake in 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 period. Hedge funds and other institutional investors own 97.37% of the company’s stock.

Douglas Emmett Trading Down 5.6 %

Douglas Emmett stock opened at $13.08 on Wednesday. Douglas Emmett, Inc. has a 12-month low of $12.50 and a 12-month high of $20.50. The firm has a market capitalization of $2.19 billion, a price-to-earnings ratio of 100.58 and a beta of 1.09. The firm has a 50 day moving average of $16.43 and a 200 day moving average of $17.66. The company has a current ratio of 4.32, a quick ratio of 4.09 and a debt-to-equity ratio of 1.50.

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 analysts’ consensus estimates of ($0.06) by $0.44. Douglas Emmett had a net margin of 2.38% and a return on equity of 0.63%. As a group, research analysts predict that Douglas Emmett, Inc. will post 1.45 earnings per share for the current year.

Douglas Emmett Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 5.81%. The ex-dividend date of this dividend is Monday, March 31st. Douglas Emmett’s dividend payout ratio is currently 584.62%.

Analyst Ratings Changes

Several research firms have recently weighed in on DEI. Janney Montgomery Scott reissued a “neutral” rating on shares of Douglas Emmett in a report on Wednesday, January 15th. 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 report on Monday, January 13th. Jefferies Financial Group began coverage on Douglas Emmett in a report on Monday, March 17th. They issued a “hold” rating and a $16.00 price objective for the company. Wedbush raised Douglas Emmett from a “neutral” rating to an “outperform” rating and raised their target price for the stock from $19.00 to $21.00 in a research report on Thursday, January 2nd. Finally, StockNews.com lowered shares of Douglas Emmett from a “hold” rating to a “sell” rating in a research report on Thursday, February 6th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $18.50.

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.