State of New Jersey Common Pension Fund D decreased its stake in Douglas Emmett, Inc. (NYSE:DEI) by 4.3% during the second quarter, Holdings Channel reports. The institutional investor owned 166,500 shares of the real estate investment trust’s stock after selling 7,500 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Douglas Emmett were worth $6,362,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Cambridge Investment Research Advisors Inc. boosted its stake in shares of Douglas Emmett by 0.9% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 7,554 shares of the real estate investment trust’s stock valued at $290,000 after buying an additional 64 shares in the last quarter. Bollard Group LLC boosted its stake in shares of Douglas Emmett by 0.6% in the second quarter. Bollard Group LLC now owns 15,880 shares of the real estate investment trust’s stock valued at $607,000 after buying an additional 92 shares in the last quarter. Public Employees Retirement Association of Colorado boosted its stake in shares of Douglas Emmett by 0.4% in the second quarter. Public Employees Retirement Association of Colorado now owns 34,892 shares of the real estate investment trust’s stock valued at $1,333,000 after buying an additional 130 shares in the last quarter. Northwestern Mutual Investment Management Company LLC boosted its stake in shares of Douglas Emmett by 1.0% in the first quarter. Northwestern Mutual Investment Management Company LLC now owns 25,064 shares of the real estate investment trust’s stock valued at $962,000 after buying an additional 256 shares in the last quarter. Finally, World Asset Management Inc boosted its stake in shares of Douglas Emmett by 3.0% in the first quarter. World Asset Management Inc now owns 8,953 shares of the real estate investment trust’s stock valued at $344,000 after buying an additional 262 shares in the last quarter. 97.43% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Douglas Emmett, Inc. (NYSE DEI) opened at 37.53 on Friday. Douglas Emmett, Inc. has a 1-year low of $33.78 and a 1-year high of $40.79. The company has a market capitalization of $5.85 billion, a PE ratio of 64.15 and a beta of 0.69. The stock’s 50 day moving average is $38.01 and its 200 day moving average is $38.48.

Douglas Emmett (NYSE:DEI) last announced its quarterly earnings results on Tuesday, August 1st. The real estate investment trust reported $0.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by $0.01. The company had revenue of $199.60 million for the quarter, compared to the consensus estimate of $198.60 million. Douglas Emmett had a net margin of 12.00% and a return on equity of 2.95%. The company’s revenue for the quarter was up 6.6% compared to the same quarter last year. During the same period last year, the firm posted $0.46 earnings per share. On average, equities research analysts anticipate that Douglas Emmett, Inc. will post $0.56 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, July 14th. Investors of record on Friday, June 30th were issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 2.45%. The ex-dividend date of this dividend was Wednesday, June 28th. Douglas Emmett’s dividend payout ratio (DPR) is presently 155.93%.

COPYRIGHT VIOLATION WARNING: This article was first published by Daily Political and is the sole property of of Daily Political. If you are reading this article on another site, it was stolen and reposted in violation of U.S. and international trademark and copyright legislation. The legal version of this article can be viewed at https://www.dailypolitical.com/2017/08/13/douglas-emmett-inc-nysedei-shares-sold-by-state-of-new-jersey-common-pension-fund-d.html.

Several analysts have weighed in on the stock. BidaskClub cut shares of Douglas Emmett from a “sell” rating to a “strong sell” rating in a research note on Wednesday. Barclays PLC decreased their price objective on shares of Douglas Emmett from $36.00 to $35.00 and set an “underweight” rating on the stock in a research note on Tuesday, July 18th. Stifel Nicolaus raised shares of Douglas Emmett from a “hold” rating to a “buy” rating and upped their price objective for the stock from $38.00 to $42.00 in a research note on Wednesday, August 2nd. They noted that the move was a valuation call. Zacks Investment Research cut shares of Douglas Emmett from a “buy” rating to a “hold” rating in a research note on Monday, May 8th. Finally, DA Davidson cut shares of Douglas Emmett from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $45.00 to $43.00 in a research note on Thursday, May 18th. Four equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $39.56.

In related news, Chairman Dan A. Emmett sold 100,000 shares of Douglas Emmett stock in a transaction that occurred on Friday, June 16th. The shares were sold at an average price of $38.97, for a total transaction of $3,897,000.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders have sold a total of 300,000 shares of company stock worth $11,487,000 over the last ninety days. 17.80% of the stock is currently owned by 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).

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).

Institutional Ownership by Quarter for Douglas Emmett (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.