State of New Jersey Common Pension Fund D Purchases 26,766 Shares of Douglas Emmett, Inc. (NYSE:DEI)

State of New Jersey Common Pension Fund D raised its stake in Douglas Emmett, Inc. (NYSE:DEI) by 8.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 331,927 shares of the real estate investment trust’s stock after acquiring an additional 26,766 shares during the period. State of New Jersey Common Pension Fund D owned approximately 0.20% of Douglas Emmett worth $4,813,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of DEI. Wolverine Asset Management LLC purchased a new position in shares of Douglas Emmett in the 4th quarter worth $516,000. GAMMA Investing LLC purchased a new position in shares of Douglas Emmett during the 4th quarter worth about $43,000. New York State Common Retirement Fund boosted its stake in shares of Douglas Emmett by 3.8% during the 4th quarter. New York State Common Retirement Fund now owns 66,452 shares of the real estate investment trust’s stock worth $964,000 after purchasing an additional 2,411 shares during the period. Handelsbanken Fonder AB boosted its stake in shares of Douglas Emmett by 64.0% during the 4th quarter. Handelsbanken Fonder AB now owns 77,360 shares of the real estate investment trust’s stock worth $1,122,000 after purchasing an additional 30,200 shares during the period. Finally, Louisiana State Employees Retirement System purchased a new position in shares of Douglas Emmett during the 4th quarter worth about $1,209,000. 97.37% of the stock is currently owned by institutional investors.

Douglas Emmett Price Performance

NYSE:DEI traded up $0.07 during trading hours on Friday, reaching $13.38. 896,230 shares of the company were exchanged, compared to its average volume of 1,870,841. The company has a current ratio of 4.91, a quick ratio of 4.91 and a debt-to-equity ratio of 1.44. The stock’s 50-day moving average is $13.40 and its 200-day moving average is $13.26. The firm has a market cap of $2.24 billion, a PE ratio of -51.46 and a beta of 1.07. Douglas Emmett, Inc. has a twelve month low of $10.09 and a twelve month high of $16.12.

Douglas Emmett Announces Dividend

The business also recently announced 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 5.68%. The ex-dividend date of this dividend was Wednesday, March 27th. Douglas Emmett’s dividend payout ratio (DPR) is presently -292.31%.

Analysts Set New Price Targets

A number of equities analysts recently commented on DEI shares. Piper Sandler dropped their price target on shares of Douglas Emmett from $17.00 to $15.00 and set a “neutral” rating for the company in a research note on Friday, March 22nd. Jefferies Financial Group raised shares of Douglas Emmett from an “underperform” rating to a “hold” rating and boosted their price objective for the company from $10.00 to $15.00 in a research report on Tuesday, January 2nd. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price 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.