Louisiana State Employees Retirement System Invests $700,000 in Douglas Emmett, Inc. $DEI

Louisiana State Employees Retirement System purchased a new stake in shares of Douglas Emmett, Inc. (NYSE:DEI) in the 1st quarter, Holdings Channel reports. The fund purchased 74,300 shares of the real estate investment trust’s stock, valued at approximately $700,000.

Several other large investors also recently bought and sold shares of DEI. EverSource Wealth Advisors LLC raised its stake in Douglas Emmett by 220.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,694 shares of the real estate investment trust’s stock valued at $25,000 after buying an additional 1,166 shares during the last quarter. Advisory Services Network LLC bought a new position in Douglas Emmett in the third quarter worth approximately $32,000. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Douglas Emmett by 33.4% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,894 shares of the real estate investment trust’s stock worth $54,000 after acquiring an additional 1,226 shares during the last quarter. Hantz Financial Services Inc. grew its position in shares of Douglas Emmett by 98.7% during the 4th quarter. Hantz Financial Services Inc. now owns 5,209 shares of the real estate investment trust’s stock valued at $57,000 after acquiring an additional 2,588 shares during the period. Finally, Frazier Financial Advisors LLC grew its position in shares of Douglas Emmett by 47.0% during the 4th quarter. Frazier Financial Advisors LLC now owns 5,456 shares of the real estate investment trust’s stock valued at $60,000 after acquiring an additional 1,745 shares during the period. 97.37% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms have recently commented on DEI. Scotiabank raised their price objective on Douglas Emmett from $11.50 to $12.00 and gave the stock a “sector perform” rating in a research note on Thursday, May 21st. Citigroup raised their price target on Douglas Emmett from $10.00 to $12.00 and gave the company a “neutral” rating in a report on Monday, May 11th. Wall Street Zen raised shares of Douglas Emmett from a “sell” rating to a “hold” rating in a report on Saturday, June 27th. Wells Fargo & Company boosted their price objective on shares of Douglas Emmett from $13.00 to $14.00 and gave the company an “overweight” rating in a research report on Monday, June 1st. Finally, Cantor Fitzgerald boosted their price objective on Douglas Emmett from $11.00 to $12.00 and gave the company a “neutral” rating in a report on Monday, May 11th. One analyst has rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $13.50.

Douglas Emmett Stock Down 0.8%

Shares of DEI stock traded down $0.10 during trading hours on Tuesday, reaching $12.47. 80,232 shares of the company’s stock were exchanged, compared to its average volume of 2,611,704. The stock has a market cap of $2.09 billion, a PE ratio of -73.32, a PEG ratio of 6.51 and a beta of 1.15. The company has a current ratio of 2.63, a quick ratio of 2.63 and a debt-to-equity ratio of 1.62. Douglas Emmett, Inc. has a 1 year low of $9.04 and a 1 year high of $16.99. The stock’s fifty day moving average price is $11.78 and its two-hundred day moving average price is $10.85.

Douglas Emmett (NYSE:DEI) last issued its quarterly earnings results on Tuesday, May 5th. The real estate investment trust reported $0.37 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.01. The company had revenue of $250.96 million during the quarter, compared to analysts’ expectations of $251.11 million. Douglas Emmett had a negative return on equity of 0.74% and a negative net margin of 2.59%.The firm’s revenue was down .4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.40 EPS. Douglas Emmett has set its FY 2026 guidance at 1.390-1.45 EPS. Research analysts predict that Douglas Emmett, Inc. will post 1.41 EPS for the current year.

Douglas Emmett Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be issued a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 6.1%. The ex-dividend date is Tuesday, June 30th. Douglas Emmett’s dividend payout ratio is -447.06%.

Douglas Emmett Company Profile

Douglas Emmett, Inc is a publicly traded real estate investment trust headquartered in Santa Monica, California. The company specializes in the ownership, management and development of high‐quality office and multifamily properties, primarily concentrated in the coastal regions of Los Angeles County and the Greater Honolulu area. As a vertically integrated real estate platform, Douglas Emmett controls all aspects of property operations, leasing, capital improvements and tenant relations, positioning it to deliver stable, long‐term cash flows.

The company’s office portfolio consists predominantly of Class A buildings located in prime business districts, featuring modern amenities, campus-like settings and environmentally conscious design elements.