Public Sector Pension Investment Board Purchases 113,888 Shares of Douglas Emmett, Inc. $DEI

Key Points

• The Public Sector Pension Investment Board increased its holdings in Douglas Emmett, Inc. by 27.3% during the 1st quarter, now owning approximately 0.32% of the company valued at $8.5 million.
• Several analysts have decreased their price targets for Douglas Emmett, with an average consensus price target of $17.78 and an average rating of "Hold."
• Douglas Emmett recently declared a quarterly dividend of $0.19 per share, representing an annualized yield of 5.2% despite a high payout ratio of 345.45%.

Public Sector Pension Investment Board grew its holdings in shares of Douglas Emmett, Inc. (NYSE:DEI - Free Report) by 27.3% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 531,000 shares of the real estate investment trust's stock after acquiring an additional 113,888 shares during the period. Public Sector Pension Investment Board owned about 0.32% of Douglas Emmett worth $8,496,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Jefferies Financial Group Inc. increased its stake in Douglas Emmett by 4,052.8% in the first quarter. Jefferies Financial Group Inc. now owns 682,841 shares of the real estate investment trust's stock valued at $10,925,000 after purchasing an additional 666,398 shares in the last quarter. Northern Trust Corp increased its stake in Douglas Emmett by 29.3% in the fourth quarter. Northern Trust Corp now owns 2,268,759 shares of the real estate investment trust's stock valued at $42,108,000 after purchasing an additional 514,034 shares in the last quarter. Nuveen LLC bought a new stake in Douglas Emmett in the first quarter valued at $7,990,000. Marshall Wace LLP bought a new stake in Douglas Emmett in the fourth quarter valued at $9,045,000. Finally, Raymond James Financial Inc. bought a new stake in Douglas Emmett in the fourth quarter valued at $7,829,000. Institutional investors own 97.37% of the company's stock.

Analyst Ratings Changes

DEI has been the subject of several research analyst reports. Scotiabank decreased their price target on shares of Douglas Emmett from $21.00 to $19.00 and set a "sector outperform" rating for the company in a research note on Monday, July 14th. Wall Street Zen cut shares of Douglas Emmett from a "hold" rating to a "sell" rating in a report on Saturday, August 9th. Piper Sandler reduced their price objective on shares of Douglas Emmett from $20.00 to $18.00 and set an "overweight" rating for the company in a report on Friday, May 23rd. Wells Fargo & Company reduced their price objective on shares of Douglas Emmett from $20.00 to $16.00 and set an "overweight" rating for the company in a report on Monday, May 19th. Finally, BMO Capital Markets set a $17.00 price objective on shares of Douglas Emmett and gave the company a "market perform" rating in a report on Wednesday, July 16th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, Douglas Emmett has an average rating of "Hold" and an average price target of $17.78.

Douglas Emmett Stock Performance

Shares of Douglas Emmett stock traded down $0.14 on Monday, reaching $14.59. 597,711 shares of the company traded hands, compared to its average volume of 1,925,323. Douglas Emmett, Inc. has a 52 week low of $12.39 and a 52 week high of $20.50. The company has a 50 day moving average of $15.21 and a 200 day moving average of $15.31. The firm has a market capitalization of $2.44 billion, a PE ratio of 66.21 and a beta of 1.26. The company has a debt-to-equity ratio of 1.55, a current ratio of 3.49 and a quick ratio of 3.49.

Douglas Emmett (NYSE:DEI - Get Free Report) last released its earnings results on Tuesday, August 5th. The real estate investment trust reported $0.37 earnings per share for the quarter, meeting analysts' consensus estimates of $0.37. Douglas Emmett had a net margin of 3.77% and a return on equity of 1.04%. The firm had revenue of $252.43 million during the quarter, compared to the consensus estimate of $250.98 million. During the same period in the prior year, the firm earned $0.46 EPS. The company's revenue was up 2.4% compared to the same quarter last year. Equities analysts forecast that Douglas Emmett, Inc. will post 1.45 earnings per share for the current year.

Douglas Emmett Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th were given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 5.2%. The ex-dividend date of this dividend was Monday, June 30th. Douglas Emmett's dividend payout ratio is currently 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.