Louisiana State Employees Retirement System Invests $1.21 Million in Douglas Emmett, Inc. (NYSE:DEI)

Louisiana State Employees Retirement System bought a new position in Douglas Emmett, Inc. (NYSE:DEI) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 83,400 shares of the real estate investment trust’s stock, valued at approximately $1,209,000.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. Sowell Financial Services LLC lifted its stake in shares of Douglas Emmett by 0.5% in the fourth quarter. Sowell Financial Services LLC now owns 133,538 shares of the real estate investment trust’s stock worth $1,962,000 after acquiring an additional 723 shares in the last quarter. Altfest L J & Co. Inc. acquired a new position in shares of Douglas Emmett in the fourth quarter worth about $183,000. Cooper Financial Group acquired a new position in shares of Douglas Emmett in the fourth quarter worth about $6,799,000. Public Employees Retirement System of Ohio lifted its stake in shares of Douglas Emmett by 6.1% in the third quarter. Public Employees Retirement System of Ohio now owns 243,894 shares of the real estate investment trust’s stock worth $3,112,000 after acquiring an additional 14,079 shares in the last quarter. Finally, Sunbelt Securities Inc. acquired a new position in shares of Douglas Emmett in the third quarter worth about $377,000. Hedge funds and other institutional investors own 97.37% of the company’s stock.

Douglas Emmett Trading Up 0.1 %

Shares of NYSE DEI opened at $13.32 on Tuesday. The stock’s 50 day moving average price is $13.38 and its two-hundred day moving average price is $13.25. Douglas Emmett, Inc. has a 52-week low of $10.09 and a 52-week high of $16.12. The stock has a market capitalization of $2.23 billion, a P/E ratio of -51.23 and a beta of 1.07. The company has a quick ratio of 4.91, a current ratio of 4.91 and a debt-to-equity ratio of 1.44.

Douglas Emmett Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 16th. Shareholders of record on Thursday, March 28th were paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 5.71%. The ex-dividend date was Wednesday, March 27th. Douglas Emmett’s payout ratio is currently -292.31%.

Analysts Set New Price Targets

Several research firms recently commented on DEI. Jefferies Financial Group upgraded Douglas Emmett from an “underperform” rating to a “hold” rating and boosted their price target for the stock from $10.00 to $15.00 in a research note on Tuesday, January 2nd. Piper Sandler cut their price objective on Douglas Emmett from $17.00 to $15.00 and set a “neutral” rating on the stock in a research note on Friday, March 22nd. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, Douglas Emmett currently has an average rating of “Hold” and an average price target of $13.67.

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.