Maryland State Retirement & Pension System Has $879,000 Stake in Douglas Emmett, Inc. (NYSE:DEI)

Maryland State Retirement & Pension System lowered its stake in Douglas Emmett, Inc. (NYSE:DEI) by 1.3% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 60,600 shares of the real estate investment trust’s stock after selling 815 shares during the quarter. Maryland State Retirement & Pension System’s holdings in Douglas Emmett were worth $879,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in DEI. Rush Island Management LP boosted its position in shares of Douglas Emmett by 271.4% in the third quarter. Rush Island Management LP now owns 4,152,516 shares of the real estate investment trust’s stock valued at $52,986,000 after acquiring an additional 3,034,375 shares during the period. Wellington Management Group LLP grew its position in Douglas Emmett by 26.8% in the 3rd quarter. Wellington Management Group LLP now owns 9,201,972 shares of the real estate investment trust’s stock worth $117,417,000 after purchasing an additional 1,947,720 shares during the last quarter. Lasalle Investment Management Securities LLC bought a new position in shares of Douglas Emmett during the 3rd quarter worth about $13,648,000. Sumitomo Mitsui Trust Holdings Inc. grew its position in Douglas Emmett by 516.1% during the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,219,895 shares of the real estate investment trust’s stock worth $15,566,000 after buying an additional 1,021,891 shares in the last quarter. Finally, Cooper Financial Group acquired a new stake in Douglas Emmett during the fourth quarter worth about $6,799,000. Institutional investors and hedge funds own 97.37% of the company’s stock.

Analyst Ratings Changes

Separately, Piper Sandler reduced their price objective on Douglas Emmett from $17.00 to $15.00 and set a “neutral” rating for the company in a research report on Friday, March 22nd. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $13.67.

Douglas Emmett Stock Up 1.7 %

Shares of DEI opened at $14.17 on Friday. Douglas Emmett, Inc. has a 12 month low of $10.09 and a 12 month high of $16.12. The stock has a market cap of $2.37 billion, a price-to-earnings ratio of -54.50 and a beta of 1.05. The company has a 50-day moving average price of $13.48 and a two-hundred day moving average price of $13.38. The company has a quick ratio of 4.91, a current ratio of 4.91 and a debt-to-equity ratio of 1.44.

Douglas Emmett Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 16th. Investors of record on Thursday, March 28th were paid a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 5.36%. The ex-dividend date was Wednesday, March 27th. Douglas Emmett’s dividend payout ratio is -292.31%.

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.