New York State Teachers Retirement System maintained its position in shares of Douglas Emmett, Inc. (NYSE:DEI) during the fourth quarter, Holdings Channel reports. The fund owned 50,800 shares of the real estate investment trust’s stock at the end of the fourth quarter. New York State Teachers Retirement System’s holdings in Douglas Emmett were worth $1,857,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in DEI. State of Alaska Department of Revenue increased its position in shares of Douglas Emmett by 7.3% in the third quarter. State of Alaska Department of Revenue now owns 27,890 shares of the real estate investment trust’s stock worth $1,021,000 after buying an additional 1,890 shares during the last quarter. Shinko Asset Management Co. Ltd. increased its position in shares of Douglas Emmett by 10.2% in the third quarter. Shinko Asset Management Co. Ltd. now owns 365,695 shares of the real estate investment trust’s stock worth $13,395,000 after buying an additional 33,721 shares during the last quarter. Oakbrook Investments LLC increased its position in shares of Douglas Emmett by 1.4% in the third quarter. Oakbrook Investments LLC now owns 7,136 shares of the real estate investment trust’s stock worth $261,000 after buying an additional 100 shares during the last quarter. Standard Life Investments LTD increased its position in shares of Douglas Emmett by 807.9% in the third quarter. Standard Life Investments LTD now owns 1,755,756 shares of the real estate investment trust’s stock worth $64,305,000 after buying an additional 1,562,380 shares during the last quarter. Finally, Nationwide Fund Advisors increased its position in shares of Douglas Emmett by 0.7% in the third quarter. Nationwide Fund Advisors now owns 261,841 shares of the real estate investment trust’s stock worth $9,591,000 after buying an additional 1,775 shares during the last quarter. 99.06% of the stock is currently owned by hedge funds and other institutional investors.

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

Shares of Douglas Emmett, Inc. (NYSE:DEI) opened at 38.37 on Tuesday. The firm has a market capitalization of $5.87 billion, a PE ratio of 69.26 and a beta of 0.76. The firm has a 50-day moving average of $38.95 and a 200-day moving average of $37.16. Douglas Emmett, Inc. has a 1-year low of $29.26 and a 1-year high of $40.79.

Douglas Emmett (NYSE:DEI) last announced its quarterly earnings results on Tuesday, February 7th. The real estate investment trust reported $0.47 earnings per share for the quarter, beating analysts’ consensus estimates of $0.11 by $0.36. The business had revenue of $194.64 million for the quarter, compared to the consensus estimate of $192.10 million. Douglas Emmett had a net margin of 11.50% and a return on equity of 3.03%. Douglas Emmett’s revenue for the quarter was up 21.3% on a year-over-year basis. During the same period last year, the company posted $0.41 EPS. On average, equities research analysts anticipate that Douglas Emmett, Inc. will post $0.54 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, April 14th. Investors of record on Friday, March 31st will be given a $0.23 dividend. The ex-dividend date of this dividend is Wednesday, March 29th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.40%. Douglas Emmett’s dividend payout ratio is 164.29%.

Your IP Address:

A number of research analysts recently commented on the stock. Evercore ISI downgraded shares of Douglas Emmett from a “hold” rating to an “underperform” rating in a research report on Friday, March 3rd. Mizuho boosted their price objective on shares of Douglas Emmett from $37.00 to $39.00 and gave the company a “neutral” rating in a research report on Friday, February 10th. Wells Fargo & Co downgraded shares of Douglas Emmett from an “outperform” rating to a “market perform” rating in a research report on Tuesday, December 13th. Stifel Nicolaus raised shares of Douglas Emmett from a “sell” rating to a “hold” rating and boosted their price objective for the company from $30.00 to $38.00 in a research report on Wednesday, February 8th. Finally, Zacks Investment Research downgraded shares of Douglas Emmett from a “buy” rating to a “hold” rating in a research report on Thursday, December 8th. Four research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $37.38.

In related news, Chairman Dan A. Emmett sold 100,000 shares of the stock in a transaction that occurred on Thursday, January 19th. The stock was sold at an average price of $37.16, for a total transaction of $3,716,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Dan A. Emmett sold 145,456 shares of the stock in a transaction that occurred on Thursday, February 16th. The stock was sold at an average price of $39.15, for a total value of $5,694,602.40. The disclosure for this sale can be found here. Insiders sold a total of 375,051 shares of company stock worth $14,394,960 over the last quarter. 23.00% of the stock is currently owned by corporate insiders.

Douglas Emmett Company Profile

Douglas Emmett, Inc is a self-administered and self-managed real estate investment trust (REIT). The Company is owner and operator of office and multifamily properties located in submarkets in Los Angeles and Honolulu. The Company operates through two segments: the acquisition, development, ownership and management of office real estate (Office Segment), and the acquisition, development, ownership and management of multifamily real estate (Multifamily Segment).

5 Day Chart for NYSE:DEI

Want to see what other hedge funds are holding DEI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Douglas Emmett, Inc. (NYSE:DEI).

Receive News & Ratings for Douglas Emmett Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Douglas Emmett Inc. and related companies with MarketBeat.com's FREE daily email newsletter.