Public Employees Retirement System of Ohio decreased its holdings in Douglas Emmett, Inc. (NYSE:DEI) by 0.7% in the second quarter, Holdings Channel reports. The fund owned 255,005 shares of the real estate investment trust’s stock after selling 1,843 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Douglas Emmett were worth $10,246,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the stock. Cbre Clarion Securities LLC lifted its stake in Douglas Emmett by 226.1% in the second quarter. Cbre Clarion Securities LLC now owns 6,615,753 shares of the real estate investment trust’s stock worth $265,821,000 after purchasing an additional 4,587,109 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Douglas Emmett by 53.0% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 65,290 shares of the real estate investment trust’s stock worth $2,623,000 after purchasing an additional 22,605 shares during the last quarter. Wells Fargo & Company MN lifted its stake in Douglas Emmett by 2.0% in the first quarter. Wells Fargo & Company MN now owns 136,468 shares of the real estate investment trust’s stock worth $5,018,000 after purchasing an additional 2,713 shares during the last quarter. Northern Trust Corp lifted its stake in Douglas Emmett by 5.3% in the first quarter. Northern Trust Corp now owns 2,155,346 shares of the real estate investment trust’s stock worth $79,229,000 after purchasing an additional 108,552 shares during the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. lifted its stake in Douglas Emmett by 5.4% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 162,058 shares of the real estate investment trust’s stock worth $6,511,000 after purchasing an additional 8,370 shares during the last quarter. 95.36% of the stock is owned by hedge funds and other institutional investors.

Douglas Emmett stock opened at $37.59 on Wednesday. The company has a quick ratio of 2.30, a current ratio of 2.30 and a debt-to-equity ratio of 1.04. Douglas Emmett, Inc. has a fifty-two week low of $34.72 and a fifty-two week high of $41.59. The company has a market cap of $6.39 billion, a PE ratio of 19.10, a P/E/G ratio of 2.76 and a beta of 0.59.

Douglas Emmett (NYSE:DEI) last posted its quarterly earnings results on Tuesday, July 31st. The real estate investment trust reported $0.19 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.50 by ($0.31). Douglas Emmett had a net margin of 13.94% and a return on equity of 2.96%. The company had revenue of $219.47 million for the quarter, compared to the consensus estimate of $215.12 million. sell-side analysts predict that Douglas Emmett, Inc. will post 2.02 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 16th. Stockholders of record on Friday, September 28th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 2.66%. The ex-dividend date of this dividend is Thursday, September 27th. Douglas Emmett’s dividend payout ratio is presently 52.63%.

Several analysts have issued reports on the stock. Mizuho raised shares of Douglas Emmett from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $39.00 to $44.00 in a research note on Monday, June 18th. Zacks Investment Research raised shares of Douglas Emmett from a “hold” rating to a “buy” rating and set a $43.00 price objective for the company in a research note on Wednesday, June 6th. Citigroup raised their price objective on shares of Douglas Emmett from $38.00 to $39.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 8th. Stifel Nicolaus raised their price objective on shares of Douglas Emmett from $42.00 to $43.00 and gave the stock a “buy” rating in a research note on Thursday, August 2nd. Finally, Bank of America decreased their price objective on shares of Douglas Emmett from $44.00 to $42.50 and set a “buy” rating for the company in a research note on Monday, September 10th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the stock. Douglas Emmett currently has a consensus rating of “Hold” and a consensus price target of $41.65.

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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