Teachers Retirement System of The State of Kentucky Sells 489 Shares of Douglas Emmett, Inc. (NYSE:DEI)

Teachers Retirement System of The State of Kentucky decreased its position in Douglas Emmett, Inc. (NYSE:DEIGet Rating) by 0.7% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 66,426 shares of the real estate investment trust’s stock after selling 489 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Douglas Emmett were worth $2,220,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. MCF Advisors LLC acquired a new stake in Douglas Emmett in the 1st quarter worth approximately $30,000. Quantbot Technologies LP acquired a new stake in Douglas Emmett in the 1st quarter worth approximately $40,000. Campbell & CO Investment Adviser LLC acquired a new stake in Douglas Emmett in the 1st quarter worth approximately $208,000. HighTower Advisors LLC acquired a new stake in Douglas Emmett in the 1st quarter worth approximately $210,000. Finally, Inspire Investing LLC acquired a new stake in Douglas Emmett in the 1st quarter worth approximately $233,000. Institutional investors own 93.57% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Piper Sandler cut their price target on Douglas Emmett to $30.00 in a report on Monday, July 4th. Jefferies Financial Group cut their price target on Douglas Emmett from $31.00 to $24.00 and set a “hold” rating on the stock in a research note on Thursday, June 30th. Evercore ISI set a $33.00 price target on Douglas Emmett in a research note on Monday, June 20th. Credit Suisse Group began coverage on Douglas Emmett in a research note on Wednesday, June 22nd. They issued an “outperform” rating and a $27.00 target price on the stock. Finally, Raymond James cut their target price on Douglas Emmett from $38.00 to $28.00 and set an “outperform” rating on the stock in a research note on Thursday, August 4th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $28.29.

Douglas Emmett Price Performance

Douglas Emmett stock opened at $20.64 on Wednesday. The company has a current ratio of 3.04, a quick ratio of 3.04 and a debt-to-equity ratio of 1.23. The company has a market capitalization of $3.63 billion, a PE ratio of 42.12, a P/E/G ratio of 1.98 and a beta of 0.96. Douglas Emmett, Inc. has a 12 month low of $18.99 and a 12 month high of $36.97. The stock has a 50-day moving average price of $21.54 and a two-hundred day moving average price of $26.08.

Douglas Emmett (NYSE:DEIGet Rating) last issued its quarterly earnings data on Monday, August 1st. The real estate investment trust reported $0.14 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.14. Douglas Emmett had a return on equity of 2.14% and a net margin of 9.78%. The company had revenue of $247.00 million during the quarter, compared to the consensus estimate of $245.29 million. During the same period last year, the company earned $0.47 earnings per share. The firm’s revenue was up 9.8% compared to the same quarter last year. Analysts expect that Douglas Emmett, Inc. will post 2.05 EPS for the current year.

Douglas Emmett Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 18th. Investors of record on Friday, September 30th will be paid a dividend of $0.28 per share. The ex-dividend date of this dividend is Thursday, September 29th. This represents a $1.12 annualized dividend and a yield of 5.43%. Douglas Emmett’s dividend payout ratio is currently 228.58%.

Insider Buying and Selling

In other news, Director Shirley Wang acquired 284,000 shares of Douglas Emmett stock in a transaction on Thursday, September 8th. The stock was purchased at an average price of $21.17 per share, with a total value of $6,012,280.00. Following the completion of the purchase, the director now owns 284,000 shares of the company’s stock, valued at approximately $6,012,280. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, insider Jordan L. Kaplan acquired 48,750 shares of Douglas Emmett stock in a transaction on Wednesday, September 7th. The stock was purchased at an average price of $20.48 per share, with a total value of $998,400.00. Following the completion of the purchase, the insider now owns 2,851,640 shares of the company’s stock, valued at approximately $58,401,587.20. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Shirley Wang acquired 284,000 shares of Douglas Emmett stock in a transaction on Thursday, September 8th. The stock was purchased at an average cost of $21.17 per share, with a total value of $6,012,280.00. Following the purchase, the director now directly owns 284,000 shares of the company’s stock, valued at approximately $6,012,280. The disclosure for this purchase can be found here. 13.40% of the stock is currently owned by insiders.

Douglas Emmett Profile

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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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Institutional Ownership by Quarter for Douglas Emmett (NYSE:DEI)

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