Strs Ohio Cuts Stake in Douglas Emmett, Inc. (NYSE:DEI)

Strs Ohio cut its stake in Douglas Emmett, Inc. (NYSE:DEI) by 5.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 32,900 shares of the real estate investment trust’s stock after selling 1,800 shares during the quarter. Strs Ohio’s holdings in Douglas Emmett were worth $477,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Raymond James & Associates increased its position in shares of Douglas Emmett by 1.6% during the third quarter. Raymond James & Associates now owns 72,668 shares of the real estate investment trust’s stock worth $927,000 after acquiring an additional 1,151 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Douglas Emmett by 2.4% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 68,646 shares of the real estate investment trust’s stock worth $876,000 after acquiring an additional 1,596 shares during the last quarter. Inspire Investing LLC purchased a new stake in shares of Douglas Emmett during the third quarter worth about $305,000. Allspring Global Investments Holdings LLC increased its position in shares of Douglas Emmett by 5,960.7% during the third quarter. Allspring Global Investments Holdings LLC now owns 193,822 shares of the real estate investment trust’s stock worth $2,473,000 after acquiring an additional 190,624 shares during the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. increased its position in shares of Douglas Emmett by 516.1% during the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,219,895 shares of the real estate investment trust’s stock worth $15,566,000 after acquiring an additional 1,021,891 shares during the last quarter. 97.37% of the stock is owned by hedge funds and other institutional investors.

Douglas Emmett Stock Performance

Shares of DEI stock opened at $13.37 on Friday. The company has a quick ratio of 4.91, a current ratio of 4.91 and a debt-to-equity ratio of 1.44. The business has a 50 day moving average of $13.40 and a two-hundred day moving average of $13.28. Douglas Emmett, Inc. has a 52 week low of $10.09 and a 52 week high of $16.12. The company has a market cap of $2.24 billion, a P/E ratio of -51.42 and a beta of 1.07.

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 dividend on an annualized basis and a yield of 5.68%. Douglas Emmett’s payout ratio is currently -292.31%.

Wall Street Analysts Forecast Growth

DEI has been the topic of a number of analyst reports. Jefferies Financial Group raised Douglas Emmett from an “underperform” rating to a “hold” rating and lifted their target price for the stock from $10.00 to $15.00 in a research report on Tuesday, January 2nd. Piper Sandler decreased their price target on Douglas Emmett from $17.00 to $15.00 and set a “neutral” rating for the company in a research note on Friday, March 22nd. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, Douglas Emmett currently has an average 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.