Strs Ohio Acquires Shares of 30,200 Douglas Emmett, Inc. $DEI

Key Points

• Strs Ohio has acquired 30,200 shares of Douglas Emmett, Inc. for approximately $483,000, indicating growing institutional interest in the real estate investment trust.
• Analyst ratings for Douglas Emmett have been mixed, with targets ranging from $18.00 to $20.00, while the stock currently has an average rating of "Moderate Buy" and a target price of $18.57.
• The company recently announced a quarterly dividend of $0.19 per share, yielding 4.7% annually, with a significant dividend payout ratio of 345.45%.

Strs Ohio acquired a new position in Douglas Emmett, Inc. (NYSE:DEI - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 30,200 shares of the real estate investment trust's stock, valued at approximately $483,000.

Other large investors have also recently made changes to their positions in the company. Principal Financial Group Inc. lifted its holdings in shares of Douglas Emmett by 2.7% in the 1st quarter. Principal Financial Group Inc. now owns 833,426 shares of the real estate investment trust's stock worth $13,335,000 after acquiring an additional 21,771 shares during the last quarter. Teacher Retirement System of Texas purchased a new stake in shares of Douglas Emmett in the 1st quarter valued at approximately $392,000. KBC Group NV increased its position in shares of Douglas Emmett by 39.6% in the 1st quarter. KBC Group NV now owns 9,669 shares of the real estate investment trust's stock valued at $155,000 after purchasing an additional 2,743 shares during the last quarter. XTX Topco Ltd purchased a new stake in shares of Douglas Emmett in the 1st quarter valued at approximately $1,219,000. Finally, Jupiter Asset Management Ltd. grew its position in shares of Douglas Emmett by 363.9% in the 1st quarter. Jupiter Asset Management Ltd. now owns 217,919 shares of the real estate investment trust's stock valued at $3,487,000 after buying an additional 170,944 shares during the last quarter. 97.37% of the stock is currently owned by institutional investors and hedge funds.

Douglas Emmett Stock Performance

DEI stock traded up $0.17 during trading on Monday, hitting $16.33. 1,377,695 shares of the company's stock traded hands, compared to its average volume of 1,492,958. The stock has a fifty day moving average price of $15.62 and a two-hundred day moving average price of $15.12. The stock has a market capitalization of $2.73 billion, a price-to-earnings ratio of 74.23 and a beta of 1.32. The company has a quick ratio of 3.49, a current ratio of 3.49 and a debt-to-equity ratio of 1.55. Douglas Emmett, Inc. has a 52 week low of $12.39 and a 52 week high of $20.50.

Douglas Emmett (NYSE:DEI - Get Free Report) last released its quarterly earnings results on Tuesday, August 5th. The real estate investment trust reported $0.37 EPS for the quarter, hitting the consensus estimate of $0.37. The business had revenue of $252.43 million during the quarter, compared to analyst estimates of $250.98 million. Douglas Emmett had a net margin of 3.77% and a return on equity of 1.04%. The company's quarterly revenue was up 2.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.46 earnings per share. Douglas Emmett has set its FY 2025 guidance at 1.430-1.470 EPS. As a group, equities analysts anticipate that Douglas Emmett, Inc. will post 1.45 EPS for the current fiscal year.

Douglas Emmett Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th will be issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 4.7%. The ex-dividend date of this dividend is Tuesday, September 30th. Douglas Emmett's dividend payout ratio is presently 345.45%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Piper Sandler raised their target price on shares of Douglas Emmett from $18.00 to $19.00 and gave the stock an "overweight" rating in a research note on Thursday. Scotiabank reduced their price target on shares of Douglas Emmett from $19.00 to $18.00 and set a "sector outperform" rating on the stock in a report on Thursday, August 28th. BMO Capital Markets set a $17.00 price target on shares of Douglas Emmett and gave the stock a "market perform" rating in a report on Wednesday, July 16th. Wall Street Zen downgraded shares of Douglas Emmett from a "hold" rating to a "sell" rating in a report on Saturday, August 30th. Finally, Wells Fargo & Company boosted their target price on shares of Douglas Emmett from $16.00 to $20.00 and gave the company an "overweight" rating in a report on Wednesday, August 27th. Four research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $18.57.

Douglas Emmett 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.