Douglas Emmett, Inc. $DEI Shares Purchased by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D boosted its holdings in shares of Douglas Emmett, Inc. (NYSE:DEI) by 6.1% in the second quarter, HoldingsChannel reports. The firm owned 217,506 shares of the real estate investment trust’s stock after buying an additional 12,576 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Douglas Emmett were worth $3,271,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the business. Price T Rowe Associates Inc. MD raised its stake in shares of Douglas Emmett by 13.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 4,195,729 shares of the real estate investment trust’s stock valued at $67,134,000 after buying an additional 492,997 shares during the last quarter. Northern Trust Corp boosted its stake in shares of Douglas Emmett by 1.1% in the first quarter. Northern Trust Corp now owns 2,293,354 shares of the real estate investment trust’s stock worth $36,694,000 after buying an additional 24,595 shares during the last quarter. Victory Capital Management Inc. grew its holdings in Douglas Emmett by 9.7% during the first quarter. Victory Capital Management Inc. now owns 1,747,751 shares of the real estate investment trust’s stock worth $27,964,000 after acquiring an additional 153,842 shares during the period. First Manhattan CO. LLC. raised its position in Douglas Emmett by 4.0% during the first quarter. First Manhattan CO. LLC. now owns 1,203,908 shares of the real estate investment trust’s stock valued at $19,491,000 after acquiring an additional 46,652 shares in the last quarter. Finally, Alyeska Investment Group L.P. acquired a new position in Douglas Emmett in the first quarter valued at approximately $16,798,000. 97.37% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on DEI shares. Wells Fargo & Company raised their price objective on shares of Douglas Emmett from $16.00 to $20.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 27th. Piper Sandler raised their price target on shares of Douglas Emmett from $18.00 to $19.00 and gave the company an “overweight” rating in a research report on Thursday, September 18th. Cantor Fitzgerald initiated coverage on shares of Douglas Emmett in a report on Wednesday, October 1st. They issued a “neutral” rating and a $16.00 price objective for the company. Wall Street Zen lowered shares of Douglas Emmett from a “hold” rating to a “sell” rating in a research note on Saturday, August 30th. Finally, Weiss Ratings upgraded Douglas Emmett from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday. Four research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, Douglas Emmett currently has an average rating of “Hold” and a consensus target price of $18.25.

Douglas Emmett Stock Performance

NYSE:DEI opened at $13.31 on Tuesday. The company has a debt-to-equity ratio of 1.55, a quick ratio of 3.49 and a current ratio of 3.49. The stock has a market capitalization of $2.23 billion, a PE ratio of 60.49 and a beta of 1.30. Douglas Emmett, Inc. has a fifty-two week low of $12.39 and a fifty-two week high of $20.50. The company has a fifty day moving average of $15.29 and a two-hundred day moving average of $14.95.

Douglas Emmett (NYSE:DEI) last released its earnings results on Tuesday, August 5th. The real estate investment trust reported $0.37 EPS 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 during the quarter, compared to analysts’ expectations of $250.98 million. During the same quarter in the previous year, the company earned $0.46 earnings per share. The company’s quarterly 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. As a group, research analysts forecast that Douglas Emmett, Inc. will post 1.45 earnings per share for the current fiscal year.

Douglas Emmett Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th were given a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 5.7%. The ex-dividend date was Tuesday, September 30th. Douglas Emmett’s dividend payout ratio (DPR) is 345.45%.

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.