Teachers Retirement System of The State of Kentucky lifted its position in shares of Douglas Emmett, Inc. (NYSE:DEI) by 7.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 64,518 shares of the real estate investment trust’s stock after acquiring an additional 4,252 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Douglas Emmett were worth $2,649,000 as of its most recent SEC filing.
Several other hedge funds have also recently bought and sold shares of the company. BlackRock Inc. boosted its stake in shares of Douglas Emmett by 6.9% during the 4th quarter. BlackRock Inc. now owns 18,558,202 shares of the real estate investment trust’s stock worth $761,999,000 after acquiring an additional 1,193,815 shares in the last quarter. Cohen & Steers Inc. boosted its stake in shares of Douglas Emmett by 7.0% during the 3rd quarter. Cohen & Steers Inc. now owns 15,328,882 shares of the real estate investment trust’s stock worth $604,265,000 after acquiring an additional 1,000,650 shares in the last quarter. Deutsche Bank AG boosted its stake in shares of Douglas Emmett by 46.0% during the 4th quarter. Deutsche Bank AG now owns 4,969,626 shares of the real estate investment trust’s stock worth $204,049,000 after acquiring an additional 1,566,613 shares in the last quarter. Boston Partners boosted its stake in shares of Douglas Emmett by 3.9% during the 4th quarter. Boston Partners now owns 4,241,523 shares of the real estate investment trust’s stock worth $174,157,000 after acquiring an additional 159,421 shares in the last quarter. Finally, Resolution Capital Ltd lifted its stake in Douglas Emmett by 6.0% in the 4th quarter. Resolution Capital Ltd now owns 2,138,943 shares of the real estate investment trust’s stock valued at $87,825,000 after buying an additional 120,676 shares in the last quarter. 98.29% of the stock is currently owned by institutional investors and hedge funds.
A number of research analysts recently weighed in on DEI shares. Robert W. Baird reaffirmed a “buy” rating and issued a $45.00 price target on shares of Douglas Emmett in a research note on Tuesday, January 9th. BMO Capital Markets set a $38.00 price target on shares of Douglas Emmett and gave the company a “hold” rating in a research note on Tuesday, February 27th. Stifel Nicolaus decreased their price target on shares of Douglas Emmett from $43.00 to $40.00 and set a “buy” rating on the stock in a research note on Thursday, February 15th. Sandler O’Neill reaffirmed a “hold” rating and issued a $42.00 price target on shares of Douglas Emmett in a research note on Tuesday, January 23rd. Finally, Barclays raised their price target on shares of Douglas Emmett from $37.00 to $38.00 and gave the company an “underweight” rating in a research note on Friday. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $41.11.
Shares of Douglas Emmett, Inc. (NYSE:DEI) opened at $37.96 on Friday. The company has a market cap of $6,436.73, a PE ratio of 19.87, a price-to-earnings-growth ratio of 2.86 and a beta of 0.70. Douglas Emmett, Inc. has a 1-year low of $34.72 and a 1-year high of $41.59.
Douglas Emmett (NYSE:DEI) last released its quarterly earnings data on Tuesday, February 13th. The real estate investment trust reported $0.17 EPS for the quarter, missing the Zacks’ consensus estimate of $0.18 by ($0.01). The business had revenue of $209.19 million during the quarter, compared to analyst estimates of $202.00 million. Douglas Emmett had a net margin of 12.36% and a return on equity of 2.69%. research analysts expect that Douglas Emmett, Inc. will post 1.99 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 17th. Shareholders of record on Thursday, March 29th will be issued a $0.25 dividend. The ex-dividend date is Wednesday, March 28th. This represents a $1.00 dividend on an annualized basis and a yield of 2.63%. Douglas Emmett’s payout ratio is 175.44%.
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About Douglas Emmett
Douglas Emmett, Inc is a self-administered and self-managed real estate investment trust (REIT). The Company is owner and operator of office and multifamily properties located in submarkets in Los Angeles and Honolulu. The Company operates through two segments: the acquisition, development, ownership and management of office real estate (Office Segment), and the acquisition, development, ownership and management of multifamily real estate (Multifamily Segment).
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