State of New Jersey Common Pension Fund D Sells 11,223 Shares of Douglas Emmett, Inc. (NYSE:DEI)

State of New Jersey Common Pension Fund D lowered its stake in shares of Douglas Emmett, Inc. (NYSE:DEI) by 5.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 197,553 shares of the real estate investment trust’s stock after selling 11,223 shares during the quarter. State of New Jersey Common Pension Fund D owned about 0.12% of Douglas Emmett worth $3,667,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Bamco Inc. NY grew its holdings in shares of Douglas Emmett by 0.3% during the 3rd quarter. Bamco Inc. NY now owns 6,389,444 shares of the real estate investment trust’s stock worth $112,263,000 after purchasing an additional 20,000 shares in the last quarter. FMR LLC lifted its position in Douglas Emmett by 8.5% during the third quarter. FMR LLC now owns 4,883,814 shares of the real estate investment trust’s stock worth $85,809,000 after purchasing an additional 384,371 shares during the period. Geode Capital Management LLC lifted its position in Douglas Emmett by 0.7% during the third quarter. Geode Capital Management LLC now owns 4,171,839 shares of the real estate investment trust’s stock worth $73,312,000 after purchasing an additional 26,961 shares during the period. Charles Schwab Investment Management Inc. grew its stake in Douglas Emmett by 3.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 3,797,822 shares of the real estate investment trust’s stock worth $66,728,000 after buying an additional 127,274 shares in the last quarter. Finally, Victory Capital Management Inc. increased its holdings in Douglas Emmett by 4,395.5% in the 3rd quarter. Victory Capital Management Inc. now owns 1,578,205 shares of the real estate investment trust’s stock valued at $27,729,000 after buying an additional 1,543,099 shares during the period. Institutional investors own 97.37% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on DEI. Jefferies Financial Group lifted their price objective on shares of Douglas Emmett from $17.00 to $18.00 and gave the company a “hold” rating in a research note on Thursday, January 2nd. Wedbush raised Douglas Emmett from a “neutral” rating to an “outperform” rating and raised their target price for the company from $19.00 to $21.00 in a report on Thursday, January 2nd. StockNews.com downgraded Douglas Emmett from a “hold” rating to a “sell” rating in a research report on Thursday, February 6th. Janney Montgomery Scott reiterated a “neutral” rating on shares of Douglas Emmett in a research report on Wednesday, January 15th. Finally, Scotiabank raised shares of Douglas Emmett from a “sector perform” rating to a “sector outperform” rating and increased their target price for the stock from $16.00 to $21.00 in a report on Thursday, November 14th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company. According to MarketBeat.com, Douglas Emmett presently has a consensus rating of “Hold” and an average price target of $18.75.

Douglas Emmett Price Performance

Douglas Emmett stock opened at $16.59 on Thursday. The company has a market capitalization of $2.78 billion, a PE ratio of 127.62 and a beta of 1.11. The company has a current ratio of 4.32, a quick ratio of 4.09 and a debt-to-equity ratio of 1.50. The stock has a 50-day moving average price of $17.91 and a two-hundred day moving average price of $17.60. Douglas Emmett, Inc. has a 12 month low of $12.50 and a 12 month high of $20.50.

Douglas Emmett (NYSE:DEI) last posted its earnings results on Tuesday, February 4th. The real estate investment trust reported $0.38 EPS for the quarter, topping the consensus estimate of ($0.06) by $0.44. Douglas Emmett had a net margin of 2.38% and a return on equity of 0.63%. Analysts expect that Douglas Emmett, Inc. will post 1.45 EPS for the current year.

Douglas Emmett Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were paid a $0.19 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $0.76 annualized dividend and a dividend yield of 4.58%. Douglas Emmett’s dividend payout ratio is 584.62%.

Douglas Emmett Company Profile

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.