Douglas Emmett, Inc. (NYSE:DEI) Shares Acquired by Arizona State Retirement System

Arizona State Retirement System boosted its stake in Douglas Emmett, Inc. (NYSE:DEI) by 2.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 46,850 shares of the real estate investment trust’s stock after buying an additional 1,027 shares during the period. Arizona State Retirement System’s holdings in Douglas Emmett were worth $624,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Wolverine Asset Management LLC acquired a new stake in shares of Douglas Emmett in the 2nd quarter worth about $32,000. Frazier Financial Advisors LLC acquired a new position in shares of Douglas Emmett during the fourth quarter worth approximately $46,000. Quarry LP bought a new position in Douglas Emmett in the 4th quarter worth approximately $57,000. Aspire Private Capital LLC increased its position in Douglas Emmett by 20.0% in the 2nd quarter. Aspire Private Capital LLC now owns 9,537 shares of the real estate investment trust’s stock valued at $127,000 after acquiring an additional 1,592 shares during the period. Finally, Edgestream Partners L.P. acquired a new position in Douglas Emmett during the 1st quarter worth $237,000. 97.37% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Wells Fargo & Company raised their price target on Douglas Emmett from $15.00 to $17.00 and gave the company an “overweight” rating in a report on Wednesday, September 11th. StockNews.com upgraded shares of Douglas Emmett from a “sell” rating to a “hold” rating in a report on Monday, May 20th. Citigroup boosted their price objective on Douglas Emmett from $14.00 to $16.00 and gave the stock a “neutral” rating in a research note on Thursday. JPMorgan Chase & Co. boosted their target price on shares of Douglas Emmett from $15.00 to $18.00 and gave the stock a “neutral” rating in a report on Monday, September 9th. Finally, Evercore ISI upped their target price on Douglas Emmett from $15.00 to $16.00 and gave the company an “in-line” rating in a report on Wednesday, August 28th. Eight equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, Douglas Emmett has a consensus rating of “Hold” and an average price target of $15.88.

Douglas Emmett Trading Up 2.8 %

Douglas Emmett stock opened at $16.80 on Monday. The company’s fifty day simple moving average is $15.25 and its 200-day simple moving average is $14.14. The company has a quick ratio of 5.11, a current ratio of 5.11 and a debt-to-equity ratio of 1.47. Douglas Emmett, Inc. has a 12 month low of $10.76 and a 12 month high of $16.81. The stock has a market cap of $2.81 billion, a P/E ratio of -54.19 and a beta of 1.10.

Douglas Emmett (NYSE:DEI) last posted its earnings results on Thursday, August 8th. The real estate investment trust reported $0.06 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.37). The business had revenue of $245.80 million during the quarter, compared to the consensus estimate of $246.62 million. Douglas Emmett had a negative return on equity of 0.88% and a negative net margin of 3.55%. The business’s revenue was down 3.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.48 earnings per share. As a group, sell-side analysts forecast that Douglas Emmett, Inc. will post 1.67 EPS for the current fiscal year.

Douglas Emmett Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 16th. Shareholders of record on Monday, September 30th will be issued a dividend of $0.19 per share. The ex-dividend date of this dividend is Monday, September 30th. This represents a $0.76 annualized dividend and a yield of 4.52%. Douglas Emmett’s dividend payout ratio (DPR) is presently -245.16%.

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.