Public Employees Retirement System of Ohio Takes $2.25 Million Position in Douglas Emmett, Inc. $DEI

Public Employees Retirement System of Ohio bought a new stake in Douglas Emmett, Inc. (NYSE:DEI) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 191,001 shares of the real estate investment trust’s stock, valued at approximately $2,254,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. EverSource Wealth Advisors LLC increased its holdings in Douglas Emmett by 220.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,694 shares of the real estate investment trust’s stock worth $25,000 after purchasing an additional 1,166 shares during the period. Advisory Services Network LLC purchased a new position in shares of Douglas Emmett in the 3rd quarter valued at about $32,000. Transamerica Financial Advisors LLC purchased a new position in shares of Douglas Emmett in the 2nd quarter valued at about $38,000. Hantz Financial Services Inc. grew its position in shares of Douglas Emmett by 98.7% during the fourth quarter. Hantz Financial Services Inc. now owns 5,209 shares of the real estate investment trust’s stock worth $57,000 after buying an additional 2,588 shares in the last quarter. Finally, Frazier Financial Advisors LLC grew its position in shares of Douglas Emmett by 47.0% during the fourth quarter. Frazier Financial Advisors LLC now owns 5,456 shares of the real estate investment trust’s stock worth $60,000 after buying an additional 1,745 shares in the last quarter. 97.37% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. Piper Sandler raised their target price on shares of Douglas Emmett from $11.00 to $14.00 and gave the company a “neutral” rating in a report on Tuesday, July 21st. Evercore set a $14.00 price target on shares of Douglas Emmett in a report on Monday, June 8th. Citigroup increased their price objective on shares of Douglas Emmett from $10.00 to $12.00 and gave the company a “neutral” rating in a research report on Monday, May 11th. Wells Fargo & Company raised their price objective on shares of Douglas Emmett from $13.00 to $14.00 and gave the company an “overweight” rating in a report on Monday, June 1st. Finally, Cantor Fitzgerald lifted their price objective on shares of Douglas Emmett from $12.00 to $13.00 and gave the stock a “neutral” rating in a research report on Friday, August 7th. One equities research analyst has rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Douglas Emmett presently has a consensus rating of “Hold” and a consensus price target of $13.71.

Douglas Emmett Price Performance

DEI stock opened at $11.41 on Friday. The business has a 50 day moving average price of $11.95 and a 200 day moving average price of $11.17. The company has a quick ratio of 2.60, a current ratio of 2.60 and a debt-to-equity ratio of 1.63. The stock has a market cap of $1.91 billion, a price-to-earnings ratio of -76.06, a PEG ratio of 5.13 and a beta of 1.15. Douglas Emmett, Inc. has a fifty-two week low of $9.04 and a fifty-two week high of $16.99.

Douglas Emmett (NYSE:DEI) last announced its quarterly earnings results on Tuesday, August 4th. The real estate investment trust reported ($0.02) EPS for the quarter, missing the consensus estimate of $0.36 by ($0.38). Douglas Emmett had a negative net margin of 2.27% and a negative return on equity of 0.66%. The company had revenue of $256.55 million during the quarter, compared to analysts’ expectations of $253.35 million. During the same quarter in the prior year, the company earned $0.37 earnings per share. The business’s revenue for the quarter was up 2.0% on a year-over-year basis. Douglas Emmett has set its FY 2026 guidance at 1.390-1.430 EPS. Equities research analysts anticipate that Douglas Emmett, Inc. will post 1.41 earnings per share for the current fiscal year.

Douglas Emmett Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Wednesday, September 30th will be given a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 6.7%. The ex-dividend date of this dividend is Wednesday, September 30th. Douglas Emmett’s dividend payout ratio (DPR) is -506.67%.

Douglas Emmett Company Profile

Douglas Emmett, Inc is a publicly traded real estate investment trust headquartered in Santa Monica, California. The company specializes in the ownership, management and development of high?quality office and multifamily properties, primarily concentrated in the coastal regions of Los Angeles County and the Greater Honolulu area. As a vertically integrated real estate platform, Douglas Emmett controls all aspects of property operations, leasing, capital improvements and tenant relations, positioning it to deliver stable, long?term cash flows.

The company’s office portfolio consists predominantly of Class A buildings located in prime business districts, featuring modern amenities, campus-like settings and environmentally conscious design elements.