Teacher Retirement System of Texas Purchases New Position in Douglas Emmett, Inc. (NYSE:DEI)

Teacher Retirement System of Texas acquired a new stake in shares of Douglas Emmett, Inc. (NYSE:DEI - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 24,478 shares of the real estate investment trust's stock, valued at approximately $392,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. KBC Group NV boosted its position in shares of Douglas Emmett by 39.6% during the first quarter. KBC Group NV now owns 9,669 shares of the real estate investment trust's stock worth $155,000 after acquiring an additional 2,743 shares during the last quarter. Illinois Municipal Retirement Fund increased its stake in Douglas Emmett by 3.3% in the 1st quarter. Illinois Municipal Retirement Fund now owns 90,806 shares of the real estate investment trust's stock worth $1,453,000 after buying an additional 2,898 shares during the period. Asset Management One Co. Ltd. increased its stake in Douglas Emmett by 1.2% in the 1st quarter. Asset Management One Co. Ltd. now owns 247,079 shares of the real estate investment trust's stock worth $3,953,000 after buying an additional 3,030 shares during the period. Aspire Private Capital LLC increased its position in Douglas Emmett by 12.6% during the 1st quarter. Aspire Private Capital LLC now owns 22,871 shares of the real estate investment trust's stock valued at $366,000 after purchasing an additional 2,568 shares during the period. Finally, QRG Capital Management Inc. purchased a new position in Douglas Emmett during the 1st quarter valued at about $239,000. 97.37% of the stock is owned by hedge funds and other institutional investors.

Douglas Emmett Stock Performance

Shares of DEI opened at $15.71 on Friday. Douglas Emmett, Inc. has a 52-week low of $12.39 and a 52-week high of $20.50. 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 firm has a market cap of $2.63 billion, a price-to-earnings ratio of 49.10 and a beta of 1.23. The business's 50 day moving average is $14.93 and its two-hundred day moving average is $15.73.

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

Douglas Emmett Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Monday, June 30th were paid a dividend of $0.19 per share. The ex-dividend date of this dividend was Monday, June 30th. This represents a $0.76 annualized dividend and a yield of 4.84%. Douglas Emmett's payout ratio is 237.50%.

Analyst Ratings Changes

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

Douglas Emmett Company 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.

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