State of New Jersey Common Pension Fund D Purchases 7,377 Shares of Douglas Emmett, Inc. $DEI

State of New Jersey Common Pension Fund D lifted its position in shares of Douglas Emmett, Inc. (NYSE:DEI) by 3.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 204,930 shares of the real estate investment trust’s stock after purchasing an additional 7,377 shares during the period. State of New Jersey Common Pension Fund D owned 0.12% of Douglas Emmett worth $3,279,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Tower Research Capital LLC TRC increased its stake in Douglas Emmett by 203.9% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,927 shares of the real estate investment trust’s stock valued at $54,000 after buying an additional 1,964 shares during the last quarter. GF Fund Management CO. LTD. bought a new position in shares of Douglas Emmett in the fourth quarter valued at approximately $56,000. Wolverine Asset Management LLC purchased a new stake in shares of Douglas Emmett during the first quarter valued at approximately $88,000. Sterling Capital Management LLC lifted its holdings in Douglas Emmett by 808.8% during the fourth quarter. Sterling Capital Management LLC now owns 5,089 shares of the real estate investment trust’s stock worth $94,000 after acquiring an additional 4,529 shares during the period. Finally, KBC Group NV boosted its position in Douglas Emmett by 39.6% in the first quarter. KBC Group NV now owns 9,669 shares of the real estate investment trust’s stock worth $155,000 after purchasing an additional 2,743 shares during the last quarter. 97.37% of the stock is currently owned by hedge funds and other institutional investors.

Douglas Emmett Trading Down 0.9%

Shares of DEI opened at $14.8920 on Thursday. Douglas Emmett, Inc. has a twelve month low of $12.39 and a twelve month high of $20.50. The stock has a market cap of $2.49 billion, a PE ratio of 67.69 and a beta of 1.26. The company has a quick ratio of 3.49, a current ratio of 3.49 and a debt-to-equity ratio of 1.55. The business’s 50-day moving average price is $15.21 and its 200-day moving average price is $15.28.

Douglas Emmett (NYSE:DEI) last posted its earnings results on Tuesday, August 5th. The real estate investment trust reported $0.37 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.37. Douglas Emmett had a net margin of 3.77% and a return on equity of 1.04%. The business had revenue of $252.43 million for the quarter, compared to analyst estimates of $250.98 million. During the same quarter in the prior year, the firm posted $0.46 EPS. Douglas Emmett’s revenue was up 2.4% on a year-over-year basis. Douglas Emmett has set its FY 2025 guidance at 1.430-1.470 EPS. On average, equities analysts forecast that Douglas Emmett, Inc. will post 1.45 EPS for the current fiscal year.

Douglas Emmett Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Monday, June 30th were paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 5.1%. The ex-dividend date of this dividend was Monday, June 30th. Douglas Emmett’s dividend payout ratio is currently 345.45%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on DEI. Wells Fargo & Company decreased their target price on Douglas Emmett from $20.00 to $16.00 and set an “overweight” rating for the company in a research report on Monday, May 19th. Piper Sandler reduced their price target on shares of Douglas Emmett from $20.00 to $18.00 and set an “overweight” rating for the company in a research report on Friday, May 23rd. BMO Capital Markets set a $17.00 price objective on shares of Douglas Emmett and gave the stock a “market perform” rating in a research report on Wednesday, July 16th. Wall Street Zen cut shares of Douglas Emmett from a “hold” rating to a “sell” rating in a research note on Saturday, August 9th. Finally, Scotiabank reduced their target price on shares of Douglas Emmett from $21.00 to $19.00 and set a “sector outperform” rating for the company in a research report on Monday, July 14th. Four equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat, Douglas Emmett presently has an average rating of “Hold” and an average price target of $17.78.

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.