Louisiana State Employees Retirement System Takes Position in Douglas Emmett, Inc. (NYSE:DEI)

Louisiana State Employees Retirement System acquired a new position in shares of Douglas Emmett, Inc. (NYSE:DEI - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 83,400 shares of the real estate investment trust's stock, valued at approximately $1,209,000. Louisiana State Employees Retirement System owned approximately 0.05% of Douglas Emmett at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the stock. Sowell Financial Services LLC increased its stake in shares of Douglas Emmett by 0.5% in the fourth quarter. Sowell Financial Services LLC now owns 133,538 shares of the real estate investment trust's stock valued at $1,962,000 after buying an additional 723 shares in the last quarter. Altfest L J & Co. Inc. acquired a new stake in shares of Douglas Emmett in the fourth quarter valued at $183,000. Cooper Financial Group acquired a new stake in shares of Douglas Emmett in the fourth quarter valued at $6,799,000. Public Employees Retirement System of Ohio increased its stake in shares of Douglas Emmett by 6.1% in the third quarter. Public Employees Retirement System of Ohio now owns 243,894 shares of the real estate investment trust's stock valued at $3,112,000 after buying an additional 14,079 shares in the last quarter. Finally, Sunbelt Securities Inc. acquired a new stake in shares of Douglas Emmett in the third quarter valued at $377,000. 97.37% of the stock is currently owned by institutional investors and hedge funds.

Douglas Emmett Trading Up 1.7 %

DEI traded up $0.22 during midday trading on Tuesday, reaching $13.57. 1,528,205 shares of the company were exchanged, compared to its average volume of 1,889,452. The company has a debt-to-equity ratio of 1.44, a quick ratio of 4.91 and a current ratio of 4.91. Douglas Emmett, Inc. has a one year low of $10.09 and a one year high of $16.12. The stock has a market capitalization of $2.27 billion, a P/E ratio of -52.88 and a beta of 1.07. The stock's 50-day simple moving average is $13.38 and its 200 day simple moving average is $13.25.

Douglas Emmett Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 16th. Shareholders of record on Thursday, March 28th were issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 5.60%. The ex-dividend date was Wednesday, March 27th. Douglas Emmett's dividend payout ratio (DPR) is currently -292.31%.

Analysts Set New Price Targets

DEI has been the subject of a number of research reports. Jefferies Financial Group upgraded Douglas Emmett from an "underperform" rating to a "hold" rating and lifted their price objective for the stock from $10.00 to $15.00 in a research report on Tuesday, January 2nd. Piper Sandler lowered their price objective on Douglas Emmett from $17.00 to $15.00 and set a "neutral" rating for the company in a research report on Friday, March 22nd. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $13.67.

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.