BlackRock Inc. Has $473.67 Million Position in Douglas Emmett, Inc. (NYSE:DEI)

BlackRock Inc. reduced its stake in Douglas Emmett, Inc. (NYSE:DEI) by 2.0% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 18,871,461 shares of the real estate investment trust’s stock after selling 388,049 shares during the period. BlackRock Inc. owned about 10.76% of Douglas Emmett worth $473,673,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of DEI. CSat Investment Advisory L.P. boosted its stake in shares of Douglas Emmett by 79.6% in the 2nd quarter. CSat Investment Advisory L.P. now owns 932 shares of the real estate investment trust’s stock valued at $29,000 after purchasing an additional 413 shares in the last quarter. Kore Private Wealth LLC acquired a new stake in shares of Douglas Emmett in the 2nd quarter valued at approximately $30,000. NEXT Financial Group Inc acquired a new stake in shares of Douglas Emmett in the 3rd quarter valued at approximately $44,000. DekaBank Deutsche Girozentrale boosted its position in Douglas Emmett by 64.8% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 3,272 shares of the real estate investment trust’s stock worth $81,000 after buying an additional 1,286 shares during the period. Finally, Atlas Capital Advisors LLC acquired a new stake in Douglas Emmett during the 2nd quarter worth approximately $100,000. Institutional investors own 90.21% of the company’s stock.

In other Douglas Emmett news, insider Jordan L. Kaplan acquired 3,251 shares of Douglas Emmett stock in a transaction that occurred on Friday, September 25th. The stock was acquired at an average cost of $24.24 per share, for a total transaction of $78,804.24. Following the purchase, the insider now owns 2,735,841 shares of the company’s stock, valued at $66,316,785.84. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jordan L. Kaplan acquired 39,300 shares of Douglas Emmett stock in a transaction that occurred on Monday, September 28th. The stock was acquired at an average price of $25.38 per share, with a total value of $997,434.00. Following the completion of the purchase, the insider now directly owns 2,735,841 shares in the company, valued at approximately $69,435,644.58. The disclosure for this purchase can be found here. Company insiders own 15.90% of the company’s stock.

Several equities research analysts recently commented on DEI shares. Bank of America lifted their target price on shares of Douglas Emmett from $29.00 to $31.00 and gave the stock a “neutral” rating in a research report on Monday, November 16th. Jefferies Financial Group downgraded shares of Douglas Emmett from a “buy” rating to a “hold” rating and cut their target price for the stock from $34.00 to $32.00 in a research report on Wednesday, August 12th. Zacks Investment Research downgraded shares of Douglas Emmett from a “hold” rating to a “sell” rating in a research report on Monday, August 17th. Robert W. Baird dropped their price target on shares of Douglas Emmett from $35.00 to $33.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 14th. Finally, Mizuho cut their price target on shares of Douglas Emmett from $31.00 to $25.00 and set a “neutral” rating on the stock in a research report on Monday, October 19th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and five have issued a buy rating to the stock. Douglas Emmett has a consensus rating of “Hold” and a consensus price target of $34.07.

Shares of DEI opened at $32.31 on Friday. Douglas Emmett, Inc. has a one year low of $22.88 and a one year high of $45.59. The company has a market cap of $5.67 billion, a PE ratio of 18.36, a P/E/G ratio of 7.60 and a beta of 0.67. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.84 and a quick ratio of 1.84. The stock has a 50-day moving average of $26.30 and a 200-day moving average of $28.24.

Douglas Emmett (NYSE:DEI) last announced its quarterly earnings results on Saturday, November 7th. The real estate investment trust reported $0.02 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.43 by ($0.41). Douglas Emmett had a net margin of 34.90% and a return on equity of 7.53%. The business had revenue of $216.99 million during the quarter, compared to the consensus estimate of $213.83 million. During the same period in the previous year, the business posted $0.51 EPS. Douglas Emmett’s revenue was down 8.9% compared to the same quarter last year. Analysts expect that Douglas Emmett, Inc. will post 1.79 EPS for the current fiscal year.

About Douglas Emmett

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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