Cohen & Steers Inc. Grows Position in Douglas Emmett, Inc. (DEI)

Cohen & Steers Inc. grew its holdings in Douglas Emmett, Inc. (NYSE:DEI) by 7.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,328,882 shares of the real estate investment trust’s stock after acquiring an additional 1,000,650 shares during the period. Douglas Emmett comprises about 1.6% of Cohen & Steers Inc.’s investment portfolio, making the stock its 18th biggest position. Cohen & Steers Inc. owned about 9.04% of Douglas Emmett worth $604,265,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in DEI. FMR LLC lifted its position in shares of Douglas Emmett by 9.8% in the second quarter. FMR LLC now owns 11,749,721 shares of the real estate investment trust’s stock valued at $448,956,000 after acquiring an additional 1,049,842 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of Douglas Emmett by 12.8% in the second quarter. Bank of New York Mellon Corp now owns 7,582,021 shares of the real estate investment trust’s stock worth $289,711,000 after buying an additional 863,062 shares in the last quarter. Balyasny Asset Management LLC lifted its position in shares of Douglas Emmett by 476.6% in the second quarter. Balyasny Asset Management LLC now owns 835,184 shares of the real estate investment trust’s stock worth $31,912,000 after buying an additional 690,349 shares in the last quarter. American Century Companies Inc. purchased a new stake in shares of Douglas Emmett in the second quarter worth about $25,319,000. Finally, Renaissance Technologies LLC lifted its position in shares of Douglas Emmett by 272.9% in the second quarter. Renaissance Technologies LLC now owns 885,000 shares of the real estate investment trust’s stock worth $33,816,000 after buying an additional 647,700 shares in the last quarter. Institutional investors and hedge funds own 96.51% of the company’s stock.

In other Douglas Emmett news, Chairman Dan A. Emmett sold 100,000 shares of the company’s stock in a transaction on Friday, September 22nd. The stock was 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 link. 17.80% of the stock is owned by corporate insiders.

Shares of Douglas Emmett, Inc. (DEI) traded up $0.11 during trading hours on Friday, reaching $41.12. The company had a trading volume of 2,867,742 shares, compared to its average volume of 751,519. The company has a market capitalization of $6,970.02, a PE ratio of 21.75, a P/E/G ratio of 3.39 and a beta of 0.71. Douglas Emmett, Inc. has a 52 week low of $35.27 and a 52 week high of $41.41.

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

The business also recently announced a quarterly dividend, which will be paid on Monday, January 15th. Shareholders of record on Friday, December 29th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $1.00 dividend on an annualized basis and a yield of 2.43%. This is a positive change from Douglas Emmett’s previous quarterly dividend of $0.23. Douglas Emmett’s dividend payout ratio is currently 173.59%.

A number of equities research analysts recently commented on DEI shares. Janney Montgomery Scott started coverage on Douglas Emmett in a research report on Friday, September 8th. They issued a “neutral” rating on the stock. Stifel Nicolaus reissued a “buy” rating and set a $43.00 price objective (up from $42.00) on shares of Douglas Emmett in a research note on Thursday, November 9th. Zacks Investment Research cut Douglas Emmett from a “hold” rating to a “sell” rating in a research note on Monday, October 16th. BidaskClub raised Douglas Emmett from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 26th. Finally, TheStreet raised Douglas Emmett from a “c+” rating to a “b-” rating in a research note on Wednesday, November 15th. Four investment analysts have rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $41.38.

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About Douglas Emmett

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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