State of New Jersey Common Pension Fund D Sells 11,223 Shares of Douglas Emmett, Inc. (NYSE:DEI)

State of New Jersey Common Pension Fund D lowered its position in shares of Douglas Emmett, Inc. (NYSE:DEI) by 5.4% during the fourth quarter, HoldingsChannel.com reports. The fund owned 197,553 shares of the real estate investment trust’s stock after selling 11,223 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Douglas Emmett were worth $3,667,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. GAMMA Investing LLC lifted its stake in shares of Douglas Emmett by 19.7% in the 4th quarter. GAMMA Investing LLC now owns 4,561 shares of the real estate investment trust’s stock valued at $85,000 after purchasing an additional 750 shares during the period. Sumitomo Mitsui Trust Group Inc. increased its holdings in Douglas Emmett by 0.5% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 182,461 shares of the real estate investment trust’s stock worth $3,386,000 after purchasing an additional 860 shares in the last quarter. HighTower Advisors LLC lifted its stake in Douglas Emmett by 9.6% in the third quarter. HighTower Advisors LLC now owns 13,335 shares of the real estate investment trust’s stock valued at $234,000 after buying an additional 1,171 shares during the period. Raleigh Capital Management Inc. boosted its holdings in shares of Douglas Emmett by 30.4% during the 4th quarter. Raleigh Capital Management Inc. now owns 5,028 shares of the real estate investment trust’s stock worth $93,000 after buying an additional 1,172 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. grew its position in shares of Douglas Emmett by 0.6% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 211,400 shares of the real estate investment trust’s stock worth $3,714,000 after buying an additional 1,300 shares during the period. 97.37% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

DEI has been the topic of a number of research reports. Wedbush upgraded shares of Douglas Emmett from a “neutral” rating to an “outperform” rating and boosted their target price for the company from $19.00 to $21.00 in a research report on Thursday, January 2nd. StockNews.com lowered shares of Douglas Emmett from a “hold” rating to a “sell” rating in a report on Thursday, February 6th. Evercore ISI raised their target price on Douglas Emmett from $16.00 to $19.00 and gave the company an “in-line” rating in a research note on Thursday, November 7th. Scotiabank raised Douglas Emmett from a “sector perform” rating to a “sector outperform” rating and boosted their target price for the company from $16.00 to $21.00 in a research report on Thursday, November 14th. Finally, Jefferies Financial Group increased their price target on Douglas Emmett from $17.00 to $18.00 and gave the stock a “hold” rating in a report on Thursday, January 2nd. One research analyst has rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $18.75.

Douglas Emmett Price Performance

Shares of NYSE DEI opened at $16.59 on Thursday. The stock has a market cap of $2.78 billion, a price-to-earnings ratio of 127.62 and a beta of 1.11. The company has a debt-to-equity ratio of 1.50, a quick ratio of 4.09 and a current ratio of 4.32. Douglas Emmett, Inc. has a fifty-two week low of $12.50 and a fifty-two week high of $20.50. The firm’s 50-day simple moving average is $17.91 and its 200 day simple moving average is $17.60.

Douglas Emmett (NYSE:DEI) last posted its earnings results on Tuesday, February 4th. The real estate investment trust reported $0.38 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.44. Douglas Emmett had a return on equity of 0.63% and a net margin of 2.38%. As a group, research analysts anticipate that Douglas Emmett, Inc. will post 1.45 earnings per share for the current fiscal year.

Douglas Emmett Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 4.58%. The ex-dividend date of this dividend was Tuesday, December 31st. Douglas Emmett’s dividend payout ratio is 584.62%.

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.