Captrust Financial Advisors acquired a new position in shares of Douglas Emmett, Inc. (NYSE:DEI – Free Report) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 11,998 shares of the real estate investment trust’s stock, valued at approximately $211,000.
Several other large investors also recently modified their holdings of DEI. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Douglas Emmett by 379.1% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,085,427 shares of the real estate investment trust’s stock valued at $19,071,000 after buying an additional 858,857 shares in the last quarter. FMR LLC lifted its stake in shares of Douglas Emmett by 8.5% in the third quarter. FMR LLC now owns 4,883,814 shares of the real estate investment trust’s stock valued at $85,809,000 after buying an additional 384,371 shares in the last quarter. Daiwa Securities Group Inc. lifted its stake in shares of Douglas Emmett by 6.8% in the third quarter. Daiwa Securities Group Inc. now owns 62,251 shares of the real estate investment trust’s stock valued at $1,094,000 after buying an additional 3,942 shares in the last quarter. Swedbank AB lifted its stake in shares of Douglas Emmett by 23.0% in the third quarter. Swedbank AB now owns 45,255 shares of the real estate investment trust’s stock valued at $795,000 after buying an additional 8,468 shares in the last quarter. Finally, Citigroup Inc. lifted its stake in shares of Douglas Emmett by 43.0% in the third quarter. Citigroup Inc. now owns 227,814 shares of the real estate investment trust’s stock valued at $4,003,000 after buying an additional 68,507 shares in the last quarter. 97.37% of the stock is currently owned by institutional investors and hedge funds.
Douglas Emmett Price Performance
Shares of NYSE:DEI opened at $20.28 on Tuesday. Douglas Emmett, Inc. has a 12 month low of $12.35 and a 12 month high of $20.38. The stock has a market cap of $3.40 billion, a P/E ratio of -202.80 and a beta of 1.11. The company has a current ratio of 4.09, a quick ratio of 4.09 and a debt-to-equity ratio of 1.51. The company has a 50 day moving average of $18.70 and a 200 day moving average of $16.34.
Douglas Emmett (NYSE:DEI – Get Free Report) last announced its earnings results on Monday, November 4th. The real estate investment trust reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.38). The company had revenue of $250.75 million for the quarter, compared to the consensus estimate of $242.75 million. Douglas Emmett had a negative net margin of 1.68% and a negative return on equity of 0.43%. The company’s revenue for the quarter was down 1.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.45 earnings per share. As a group, sell-side analysts forecast that Douglas Emmett, Inc. will post 1.7 EPS for the current fiscal year.
Wall Street Analyst Weigh In
A number of research firms have weighed in on DEI. Wells Fargo & Company raised their price objective on shares of Douglas Emmett from $15.00 to $17.00 and gave the company an “overweight” rating in a research note on Wednesday, September 11th. JPMorgan Chase & Co. raised their price objective on shares of Douglas Emmett from $15.00 to $18.00 and gave the company a “neutral” rating in a research note on Monday, September 9th. Evercore ISI raised their price target on shares of Douglas Emmett from $16.00 to $19.00 and gave the company an “in-line” rating in a research report on Thursday, November 7th. Scotiabank raised shares of Douglas Emmett from a “sector perform” rating to a “sector outperform” rating and raised their price target for the company from $16.00 to $21.00 in a research report on Thursday, November 14th. Finally, Citigroup raised their price target on shares of Douglas Emmett from $14.00 to $16.00 and gave the company a “neutral” rating in a research report on Thursday, September 12th. Six research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $17.43.
Check Out Our Latest Stock Analysis on Douglas Emmett
Douglas Emmett Company Profile
(Free Report)
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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