Ontario Teachers Pension Plan Board Buys 7,537 Shares of Douglas Emmett, Inc. (NYSE:DEI)

Ontario Teachers Pension Plan Board lifted its position in shares of Douglas Emmett, Inc. (NYSE:DEI) by 4.6% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 171,482 shares of the real estate investment trust’s stock after buying an additional 7,537 shares during the quarter. Ontario Teachers Pension Plan Board’s holdings in Douglas Emmett were worth $2,114,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Ellevest Inc. grew its holdings in shares of Douglas Emmett by 103.8% during the 1st quarter. Ellevest Inc. now owns 2,981 shares of the real estate investment trust’s stock worth $37,000 after purchasing an additional 1,518 shares in the last quarter. Quantbot Technologies LP acquired a new position in shares of Douglas Emmett in the first quarter valued at approximately $40,000. CWM LLC grew its stake in shares of Douglas Emmett by 46.6% in the first quarter. CWM LLC now owns 3,675 shares of the real estate investment trust’s stock worth $45,000 after purchasing an additional 1,169 shares during the last quarter. Advisory Services Network LLC grew its position in shares of Douglas Emmett by 94.7% in the 1st quarter. Advisory Services Network LLC now owns 3,695 shares of the real estate investment trust’s stock valued at $46,000 after buying an additional 1,797 shares during the last quarter. Finally, Parallel Advisors LLC increased its position in Douglas Emmett by 65.1% during the 1st quarter. Parallel Advisors LLC now owns 4,841 shares of the real estate investment trust’s stock valued at $60,000 after purchasing an additional 1,908 shares during the period. Institutional investors own 97.37% of the company’s stock.

Douglas Emmett Trading Down 3.5 %

Shares of DEI stock opened at $12.95 on Thursday. The business has a 50-day moving average price of $13.69 and a two-hundred day moving average price of $12.77. The firm has a market cap of $2.16 billion, a P/E ratio of 39.24 and a beta of 1.00. Douglas Emmett, Inc. has a 12-month low of $10.09 and a 12-month high of $21.36. The company has a quick ratio of 2.67, a current ratio of 2.67 and a debt-to-equity ratio of 1.29.

Douglas Emmett Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 17th. Stockholders of record on Friday, September 29th will be issued a $0.19 dividend. The ex-dividend date is Thursday, September 28th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 5.87%. Douglas Emmett’s payout ratio is 230.30%.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. Bank of America lowered Douglas Emmett from a “neutral” rating to an “underperform” rating and dropped their price target for the company from $12.00 to $10.00 in a research note on Tuesday, August 8th. StockNews.com assumed coverage on Douglas Emmett in a research report on Thursday, August 17th. They set a “sell” rating for the company. Raymond James decreased their target price on Douglas Emmett from $17.00 to $16.00 and set an “outperform” rating for the company in a research report on Friday, August 4th. Evercore ISI raised their price objective on shares of Douglas Emmett from $14.00 to $15.00 and gave the stock an “in-line” rating in a report on Wednesday, August 16th. Finally, Piper Sandler cut Douglas Emmett from an “overweight” rating to a “neutral” rating and set a $15.00 price target on the stock. in a research report on Tuesday, September 5th. Four investment analysts have rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company. According to MarketBeat, Douglas Emmett currently has a consensus rating of “Hold” and a consensus target price of $14.40.

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.