BlackRock Inc. increased its position in Douglas Emmett, Inc. (NYSE:DEI) by 2.6% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 19,613,474 shares of the real estate investment trust’s stock after buying an additional 504,234 shares during the period. BlackRock Inc. owned 11.54% of Douglas Emmett worth $739,819,000 at the end of the most recent reporting period.
Other large investors have also recently added to or reduced their stakes in the company. Qube Research & Technologies Ltd acquired a new position in Douglas Emmett in the second quarter worth approximately $165,000. Natixis acquired a new position in Douglas Emmett in the second quarter worth approximately $218,000. Cadence Capital Management LLC acquired a new position in Douglas Emmett in the second quarter worth approximately $250,000. CIBC Asset Management Inc acquired a new position in Douglas Emmett in the second quarter worth approximately $254,000. Finally, Signition LP acquired a new position in Douglas Emmett in the third quarter worth approximately $266,000. Hedge funds and other institutional investors own 93.45% of the company’s stock.
A number of equities research analysts have issued reports on DEI shares. Bank of America decreased their target price on Douglas Emmett from $44.00 to $42.50 and set a “buy” rating for the company in a research report on Monday, September 10th. Barclays upped their target price on Douglas Emmett from $38.00 to $39.00 and gave the stock an “underweight” rating in a research report on Thursday, August 30th. Scotiabank started coverage on Douglas Emmett in a research report on Tuesday, October 16th. They set an “outperform” rating for the company. Zacks Investment Research cut Douglas Emmett from a “buy” rating to a “hold” rating in a research report on Friday, October 12th. Finally, Raymond James decreased their target price on Douglas Emmett from $44.00 to $42.00 and set an “outperform” rating for the company in a research report on Monday, November 5th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the company. The company has an average rating of “Hold” and an average price target of $41.45.
Shares of Douglas Emmett stock opened at $36.92 on Monday. The company has a market cap of $6.27 billion, a price-to-earnings ratio of 19.43, a P/E/G ratio of 2.76 and a beta of 0.58. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.96 and a quick ratio of 1.96. Douglas Emmett, Inc. has a 12-month low of $34.72 and a 12-month high of $41.59.
Douglas Emmett (NYSE:DEI) last announced its earnings results on Thursday, November 1st. The real estate investment trust reported $0.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.33). The company had revenue of $223.30 million for the quarter, compared to the consensus estimate of $222.50 million. Douglas Emmett had a return on equity of 3.06% and a net margin of 14.32%. The firm’s revenue for the quarter was up 7.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.48 EPS. As a group, equities analysts predict that Douglas Emmett, Inc. will post 2.02 EPS for the current fiscal year.
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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