Public Employees Retirement System of Ohio Makes New Investment in Douglas Emmett, Inc. $DEI

Key Points

• Public Employees Retirement System of Ohio acquired 191,001 shares of Douglas Emmett worth approximately $2.25 million, while institutional investors collectively own 97.37% of the REIT.
• Analysts remain broadly cautious, with a consensus “Hold” rating and a $13.71 average price target. Recent quarterly EPS of negative $0.02 missed estimates, although revenue rose 2% year over year to $256.55 million.
• Douglas Emmett declared a quarterly dividend of $0.19 per share, equivalent to $0.76 annually and a 6.7% yield based on the reported share price.

Public Employees Retirement System of Ohio acquired a new position in shares of Douglas Emmett, Inc. (NYSE:DEI - Free Report) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 191,001 shares of the real estate investment trust's stock, valued at approximately $2,254,000. Public Employees Retirement System of Ohio owned approximately 0.11% of Douglas Emmett as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in shares of Douglas Emmett during the 2nd quarter valued at about $1,650,000. BlackRock Inc. purchased a new stake in shares of Douglas Emmett in the second quarter valued at about $287,803,000. Quantinno Capital Management LP increased its position in Douglas Emmett by 52.4% during the first quarter. Quantinno Capital Management LP now owns 377,327 shares of the real estate investment trust's stock worth $3,554,000 after purchasing an additional 129,785 shares during the last quarter. Centersquare Investment Management LLC raised its stake in Douglas Emmett by 54.7% during the fourth quarter. Centersquare Investment Management LLC now owns 2,539,450 shares of the real estate investment trust's stock worth $27,909,000 after purchasing an additional 897,630 shares during the period. Finally, Hsbc Holdings PLC raised its stake in Douglas Emmett by 19.1% during the first quarter. Hsbc Holdings PLC now owns 2,126,023 shares of the real estate investment trust's stock worth $20,100,000 after purchasing an additional 341,527 shares during the period. Institutional investors and hedge funds own 97.37% of the company's stock.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Citigroup increased their price target on shares of Douglas Emmett from $10.00 to $12.00 and gave the company a "neutral" rating in a research note on Monday, May 11th. Piper Sandler lifted their price target on shares of Douglas Emmett from $11.00 to $14.00 and gave the company a "neutral" rating in a research report on Tuesday, July 21st. Scotiabank upped their price objective on Douglas Emmett from $12.00 to $13.00 and gave the company a "sector perform" rating in a report on Tuesday, July 21st. Cantor Fitzgerald increased their price objective on Douglas Emmett from $12.00 to $13.00 and gave the stock a "neutral" rating in a research report on Friday, August 7th. Finally, Weiss Ratings raised Douglas Emmett from a "sell (d)" rating to a "sell (d+)" rating in a research note on Thursday, July 23rd. One investment analyst has rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $13.71.

Douglas Emmett Price Performance

Shares of DEI opened at $11.41 on Friday. Douglas Emmett, Inc. has a 1-year low of $9.04 and a 1-year high of $16.99. The stock has a market cap of $1.91 billion, a PE ratio of -76.06, a P/E/G ratio of 5.13 and a beta of 1.15. The firm has a 50-day simple moving average of $11.95 and a two-hundred day simple moving average of $11.17. The company has a debt-to-equity ratio of 1.63, a current ratio of 2.60 and a quick ratio of 2.60.

Douglas Emmett (NYSE:DEI - Get Free Report) last issued its quarterly earnings data on Tuesday, August 4th. The real estate investment trust reported ($0.02) EPS for the quarter, missing the consensus estimate of $0.36 by ($0.38). The company had revenue of $256.55 million during the quarter, compared to analyst estimates of $253.35 million. Douglas Emmett had a negative return on equity of 0.66% and a negative net margin of 2.27%.The business's revenue was up 2.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.37 earnings per share. Douglas Emmett has set its FY 2026 guidance at 1.390-1.430 EPS. As a group, analysts forecast that Douglas Emmett, Inc. will post 1.41 EPS for the current year.

Douglas Emmett Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th will be paid a dividend of $0.19 per share. The ex-dividend date is Wednesday, September 30th. This represents a $0.76 dividend on an annualized basis and a yield of 6.7%. Douglas Emmett's dividend payout ratio is -506.67%.

Douglas Emmett Company Profile

Douglas Emmett, Inc is a publicly traded real estate investment trust headquartered in Santa Monica, California. The company specializes in the ownership, management and development of high‐quality office and multifamily properties, primarily concentrated in the coastal regions of Los Angeles County and the Greater Honolulu area. As a vertically integrated real estate platform, Douglas Emmett controls all aspects of property operations, leasing, capital improvements and tenant relations, positioning it to deliver stable, long‐term cash flows.

The company's office portfolio consists predominantly of Class A buildings located in prime business districts, featuring modern amenities, campus-like settings and environmentally conscious design elements.

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