Teacher Retirement System of Texas Takes $392,000 Position in Douglas Emmett, Inc. (NYSE:DEI)

Teacher Retirement System of Texas acquired a new position in Douglas Emmett, Inc. (NYSE:DEI - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 24,478 shares of the real estate investment trust's stock, valued at approximately $392,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Tower Research Capital LLC TRC increased its position in Douglas Emmett by 203.9% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,927 shares of the real estate investment trust's stock worth $54,000 after purchasing an additional 1,964 shares in the last quarter. GF Fund Management CO. LTD. acquired a new position in Douglas Emmett during the 4th quarter worth approximately $56,000. Sterling Capital Management LLC increased its position in Douglas Emmett by 808.8% during the 4th quarter. Sterling Capital Management LLC now owns 5,089 shares of the real estate investment trust's stock worth $94,000 after purchasing an additional 4,529 shares in the last quarter. FIL Ltd increased its position in Douglas Emmett by 19.0% during the 4th quarter. FIL Ltd now owns 5,546 shares of the real estate investment trust's stock worth $103,000 after purchasing an additional 884 shares in the last quarter. Finally, KBC Group NV increased its position in Douglas Emmett by 39.6% during the 1st quarter. KBC Group NV now owns 9,669 shares of the real estate investment trust's stock worth $155,000 after purchasing an additional 2,743 shares in the last quarter. Institutional investors and hedge funds own 97.37% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on DEI. Wells Fargo & Company lowered their price objective on shares of Douglas Emmett from $20.00 to $16.00 and set an "overweight" rating for the company in a research report on Monday, May 19th. Scotiabank reduced their target price on shares of Douglas Emmett from $21.00 to $19.00 and set a "sector outperform" rating on the stock in a report on Monday, July 14th. BMO Capital Markets set a $17.00 target price on shares of Douglas Emmett and gave the stock a "market perform" rating in a report on Wednesday, July 16th. Wall Street Zen raised shares of Douglas Emmett from a "sell" rating to a "hold" rating in a report on Monday, May 12th. Finally, Piper Sandler reduced their target price on shares of Douglas Emmett from $20.00 to $18.00 and set an "overweight" rating on the stock in a report on Friday, May 23rd. Seven investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $17.78.

Douglas Emmett Stock Up 0.4%

DEI traded up $0.07 during trading on Monday, hitting $15.52. 1,143,188 shares of the company's stock were exchanged, compared to its average volume of 1,772,263. The company has a quick ratio of 3.89, a current ratio of 3.89 and a debt-to-equity ratio of 1.54. The business's 50 day moving average is $14.97 and its two-hundred day moving average is $15.64. Douglas Emmett, Inc. has a fifty-two week low of $12.39 and a fifty-two week high of $20.50. The stock has a market cap of $2.60 billion, a P/E ratio of 48.49 and a beta of 1.23.

Douglas Emmett (NYSE:DEI - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The real estate investment trust reported $0.40 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.01. Douglas Emmett had a net margin of 5.48% and a return on equity of 1.48%. The firm had revenue of $251.54 million for the quarter, compared to the consensus estimate of $246.49 million. During the same quarter in the prior year, the company posted $0.45 earnings per share. The business's revenue was up 2.9% on a year-over-year basis. As a group, equities analysts expect that Douglas Emmett, Inc. will post 1.45 earnings per share for the current fiscal year.

Douglas Emmett Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th were issued a $0.19 dividend. The ex-dividend date of this dividend was Monday, June 30th. This represents a $0.76 annualized dividend and a dividend yield of 4.90%. Douglas Emmett's dividend payout ratio is currently 237.50%.

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.