Retirement Systems of Alabama Has $7.14 Million Position in Douglas Emmett, Inc. (DEI)

Retirement Systems of Alabama increased its holdings in Douglas Emmett, Inc. (NYSE:DEI) by 0.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 209,317 shares of the real estate investment trust’s stock after purchasing an additional 710 shares during the quarter. Retirement Systems of Alabama owned approximately 0.12% of Douglas Emmett worth $7,144,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of DEI. Natixis bought a new stake in shares of Douglas Emmett in the second quarter worth $218,000. Paloma Partners Management Co bought a new stake in shares of Douglas Emmett in the second quarter worth $1,108,000. Vident Investment Advisory LLC grew its stake in shares of Douglas Emmett by 21.1% in the second quarter. Vident Investment Advisory LLC now owns 12,662 shares of the real estate investment trust’s stock worth $509,000 after purchasing an additional 2,205 shares during the last quarter. Putnam Investments LLC grew its stake in shares of Douglas Emmett by 610.4% in the second quarter. Putnam Investments LLC now owns 103,165 shares of the real estate investment trust’s stock worth $4,146,000 after purchasing an additional 88,643 shares during the last quarter. Finally, Qube Research & Technologies Ltd bought a new stake in shares of Douglas Emmett in the second quarter worth $165,000. 92.34% of the stock is currently owned by institutional investors.

In other news, Director William E. Simon, Jr. bought 8,700 shares of the company’s stock in a transaction that occurred on Thursday, December 20th. The shares were acquired at an average price of $34.17 per share, for a total transaction of $297,279.00. Following the completion of the acquisition, the director now directly owns 18,400 shares in the company, valued at $628,728. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 16.20% of the stock is owned by insiders.

Several analysts recently weighed in on the stock. Zacks Investment Research raised shares of Douglas Emmett from a “hold” rating to a “buy” rating and set a $42.00 price objective on the stock in a research note on Wednesday, October 3rd. TheStreet cut shares of Douglas Emmett from a “b-” rating to a “c+” rating in a research note on Monday, December 3rd. Scotiabank began coverage on shares of Douglas Emmett in a research note on Tuesday, October 16th. They issued an “outperform” rating on the stock. Janney Montgomery Scott upgraded shares of Douglas Emmett from a “neutral” rating to a “buy” rating and set a $42.00 target price on the stock in a report on Wednesday, December 19th. Finally, Sandler O’Neill upgraded shares of Douglas Emmett from a “hold” rating to a “buy” rating and set a $42.00 target price on the stock in a report on Thursday, November 15th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $41.18.

DEI stock opened at $35.26 on Monday. The firm has a market capitalization of $5.87 billion, a P/E ratio of 18.56, a PEG ratio of 2.47 and a beta of 0.65. The company has a current ratio of 1.96, a quick ratio of 1.96 and a debt-to-equity ratio of 1.05. Douglas Emmett, Inc. has a 12-month low of $32.32 and a 12-month high of $40.86.

Douglas Emmett (NYSE:DEI) last released its earnings results on Thursday, November 1st. The real estate investment trust reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.51 by ($0.33). The firm had revenue of $223.30 million during the quarter, compared to analyst estimates of $222.50 million. Douglas Emmett had a net margin of 14.32% and a return on equity of 3.06%. Douglas Emmett’s quarterly revenue was up 7.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.48 EPS. Equities analysts anticipate that Douglas Emmett, Inc. will post 2.02 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 15th. Investors of record on Monday, December 31st will be issued a $0.26 dividend. This is a positive change from Douglas Emmett’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Friday, December 28th. This represents a $1.04 annualized dividend and a yield of 2.95%. Douglas Emmett’s payout ratio is presently 54.74%.

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Douglas Emmett Company 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.

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

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