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 shares of Douglas Emmett, Inc. (NYSE:DEI) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 83,400 shares of the real estate investment trust’s stock, valued at approximately $1,209,000. Louisiana State Employees Retirement System owned approximately 0.05% of Douglas Emmett as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Aspire Private Capital LLC grew its stake in Douglas Emmett by 34.7% during the 3rd quarter. Aspire Private Capital LLC now owns 9,850 shares of the real estate investment trust’s stock worth $126,000 after buying an additional 2,535 shares during the last quarter. Altfest L J & Co. Inc. purchased a new position in Douglas Emmett during the 4th quarter worth approximately $183,000. Pathstone Family Office LLC grew its stake in Douglas Emmett by 12.6% during the 3rd quarter. Pathstone Family Office LLC now owns 14,451 shares of the real estate investment trust’s stock worth $185,000 after buying an additional 1,617 shares during the last quarter. Sequoia Financial Advisors LLC grew its stake in Douglas Emmett by 46.8% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 16,601 shares of the real estate investment trust’s stock worth $212,000 after buying an additional 5,294 shares during the last quarter. Finally, Orion Portfolio Solutions LLC grew its stake in Douglas Emmett by 13.5% during the 3rd quarter. Orion Portfolio Solutions LLC now owns 17,012 shares of the real estate investment trust’s stock worth $217,000 after buying an additional 2,024 shares during the last quarter. Institutional investors and hedge funds own 97.37% of the company’s stock.

Douglas Emmett Trading Up 0.1 %

Shares of DEI stock opened at $13.32 on Tuesday. The business’s 50 day moving average is $13.38 and its two-hundred day moving average is $13.25. Douglas Emmett, Inc. has a twelve month low of $10.09 and a twelve month high of $16.12. The company 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 current ratio of 4.91, a quick ratio of 4.91 and a debt-to-equity ratio of 1.44.

Douglas Emmett Dividend Announcement

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 $0.19 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $0.76 annualized dividend and a dividend yield of 5.71%. Douglas Emmett’s dividend payout ratio (DPR) is currently -292.31%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Piper Sandler dropped their price target 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. Jefferies Financial Group upgraded Douglas Emmett from an “underperform” rating to a “hold” rating and raised their price target for the stock from $10.00 to $15.00 in a research note on Tuesday, January 2nd. 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 company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $13.67.

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.