State of Tennessee Treasury Department Has $4.34 Million Position in Douglas Emmett, Inc. (DEI)

State of Tennessee Treasury Department lifted its position in Douglas Emmett, Inc. (NYSE:DEI) by 22.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 110,000 shares of the real estate investment trust’s stock after purchasing an additional 20,000 shares during the period. State of Tennessee Treasury Department owned about 0.07% of Douglas Emmett worth $4,336,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently bought and sold shares of DEI. Teachers Advisors LLC lifted its stake in shares of Douglas Emmett by 3.3% in the 1st quarter. Teachers Advisors LLC now owns 200,090 shares of the real estate investment trust’s stock valued at $7,683,000 after purchasing an additional 6,471 shares during the period. PNC Financial Services Group Inc. lifted its stake in shares of Douglas Emmett by 9.1% in the 1st quarter. PNC Financial Services Group Inc. now owns 3,600 shares of the real estate investment trust’s stock valued at $139,000 after purchasing an additional 299 shares during the period. Renaissance Technologies LLC lifted its stake in shares of Douglas Emmett by 82.7% in the 1st quarter. Renaissance Technologies LLC now owns 237,300 shares of the real estate investment trust’s stock valued at $9,112,000 after purchasing an additional 107,400 shares during the period. Fox Run Management L.L.C. acquired a new position in shares of Douglas Emmett in the 2nd quarter valued at $260,000. Finally, Capstone Asset Management Co. lifted its stake in shares of Douglas Emmett by 8.3% in the 2nd quarter. Capstone Asset Management Co. now owns 12,178 shares of the real estate investment trust’s stock valued at $465,000 after purchasing an additional 930 shares during the period. Hedge funds and other institutional investors own 95.88% of the company’s stock.

Several equities analysts recently issued reports on the stock. Robert W. Baird boosted their target price on shares of Douglas Emmett from $45.00 to $47.00 and gave the company an “outperform” rating in a research note on Friday, November 10th. Stifel Nicolaus reiterated a “buy” rating and issued a $43.00 target price (up from $42.00) on shares of Douglas Emmett in a research note on Thursday, November 9th. Mizuho reiterated a “hold” rating and issued a $41.00 target price on shares of Douglas Emmett in a research note on Friday, October 27th. Zacks Investment Research lowered shares of Douglas Emmett from a “hold” rating to a “sell” rating in a report on Monday, October 16th. Finally, KeyCorp reissued a “hold” rating on shares of Douglas Emmett in a report on Sunday, September 24th. Five research analysts have rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $40.60.

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Shares of Douglas Emmett, Inc. (DEI) opened at $40.24 on Thursday. The company has a market cap of $6,891.20, a price-to-earnings ratio of 21.51, a P/E/G ratio of 3.33 and a beta of 0.72. Douglas Emmett, Inc. has a 1-year low of $34.46 and a 1-year high of $41.12.

Douglas Emmett (NYSE:DEI) last released its earnings results on Tuesday, November 7th. The real estate investment trust reported $0.48 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.48. Douglas Emmett had a net margin of 11.29% and a return on equity of 2.58%. The business had revenue of $208.75 million during the quarter, compared to analyst estimates of $203.99 million. During the same quarter in the prior year, the firm earned $0.47 earnings per share. The company’s revenue for the quarter was up 8.7% compared to the same quarter last year. analysts anticipate that Douglas Emmett, Inc. will post 1.9 earnings per share for the current year.

In other news, Chairman Dan A. Emmett sold 100,000 shares of the company’s stock in a transaction on Friday, September 22nd. The shares were sold at an average price of $38.99, for a total transaction of $3,899,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 17.80% of the stock is owned by corporate insiders.

Douglas Emmett Company Profile

Douglas Emmett, Inc is a self-administered and self-managed real estate investment trust (REIT). The Company is owner and operator of office and multifamily properties located in submarkets in Los Angeles and Honolulu. The Company operates through two segments: the acquisition, development, ownership and management of office real estate (Office Segment), and the acquisition, development, ownership and management of multifamily real estate (Multifamily Segment).

Institutional Ownership by Quarter for Douglas Emmett (NYSE:DEI)

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