State Street Corp Has $171.87 Million Holdings in Douglas Emmett, Inc. (NYSE:DEI)

State Street Corp lessened its holdings in shares of Douglas Emmett, Inc. (NYSE:DEI) by 1.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 9,677,795 shares of the real estate investment trust’s stock after selling 186,878 shares during the quarter. State Street Corp owned 0.06% of Douglas Emmett worth $171,868,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Victory Capital Management Inc. raised its stake in shares of Douglas Emmett by 4,395.5% in the 3rd quarter. Victory Capital Management Inc. now owns 1,578,205 shares of the real estate investment trust’s stock valued at $27,729,000 after purchasing an additional 1,543,099 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Douglas Emmett by 379.1% in the 3rd 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 purchasing an additional 858,857 shares during the period. FMR LLC raised its stake in shares of Douglas Emmett by 8.5% in the 3rd quarter. FMR LLC now owns 4,883,814 shares of the real estate investment trust’s stock valued at $85,809,000 after purchasing an additional 384,371 shares during the period. NFJ Investment Group LLC bought a new position in shares of Douglas Emmett in the 3rd quarter valued at about $6,210,000. Finally, Neo Ivy Capital Management bought a new position in shares of Douglas Emmett in the 2nd quarter valued at about $2,573,000. Institutional investors and hedge funds own 97.37% of the company’s stock.

Douglas Emmett Trading Up 1.3 %

Douglas Emmett stock opened at $19.97 on Friday. Douglas Emmett, Inc. has a 52 week low of $12.35 and a 52 week high of $20.27. The company has a debt-to-equity ratio of 1.51, a quick ratio of 4.09 and a current ratio of 4.09. The stock has a market capitalization of $3.34 billion, a P/E ratio of -199.70 and a beta of 1.11. The stock has a 50-day simple moving average of $18.66 and a 200 day simple moving average of $16.25.

Douglas Emmett (NYSE:DEI) last issued its quarterly earnings data 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 analyst estimates of $242.75 million. Douglas Emmett had a negative return on equity of 0.43% and a negative net margin of 1.68%. The company’s revenue was down 1.8% on a year-over-year basis. During the same quarter last year, the business earned $0.45 earnings per share. Analysts expect that Douglas Emmett, Inc. will post 1.7 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on DEI. Evercore ISI raised their price objective on Douglas Emmett from $16.00 to $19.00 and gave the company an “in-line” rating in a report on Thursday, November 7th. Citigroup raised their price objective on Douglas Emmett from $14.00 to $16.00 and gave the company a “neutral” rating in a report on Thursday, September 12th. JPMorgan Chase & Co. raised their price objective on Douglas Emmett from $15.00 to $18.00 and gave the company a “neutral” rating in a report on Monday, September 9th. Scotiabank upgraded Douglas Emmett from a “sector perform” rating to a “sector outperform” rating and raised their price objective for the company from $16.00 to $21.00 in a report on Thursday, November 14th. Finally, Wells Fargo & Company raised their price objective on Douglas Emmett from $15.00 to $17.00 and gave the company an “overweight” rating in a report on Wednesday, September 11th. Six equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, Douglas Emmett currently has an average rating of “Hold” and an average price target of $17.43.

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.