New Mexico Educational Retirement Board grew its position in Douglas Emmett, Inc. (NYSE:DEI) by 69.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 37,900 shares of the real estate investment trust’s stock after purchasing an additional 15,547 shares during the quarter. New Mexico Educational Retirement Board’s holdings in Douglas Emmett were worth $1,556,000 as of its most recent SEC filing.
Several other institutional investors have also recently bought and sold shares of DEI. Virtu KCG Holdings LLC acquired a new stake in Douglas Emmett during the second quarter worth approximately $206,000. Resolution Capital Ltd grew its position in Douglas Emmett by 1.3% during the third quarter. Resolution Capital Ltd now owns 2,018,267 shares of the real estate investment trust’s stock worth $79,560,000 after buying an additional 26,682 shares in the last quarter. Daiwa Securities Group Inc. grew its position in Douglas Emmett by 4.0% during the third quarter. Daiwa Securities Group Inc. now owns 6,425,963 shares of the real estate investment trust’s stock worth $253,311,000 after buying an additional 247,203 shares in the last quarter. BB&T Securities LLC acquired a new stake in Douglas Emmett during the third quarter worth approximately $327,000. Finally, Jane Street Group LLC acquired a new stake in Douglas Emmett during the third quarter worth approximately $403,000. 96.13% of the stock is currently owned by institutional investors.
A number of equities research analysts recently issued reports on DEI shares. TheStreet raised Douglas Emmett from a “c+” rating to a “b-” rating in a research report on Wednesday, November 15th. Stifel Nicolaus restated a “buy” rating and set a $43.00 target price (up from $42.00) on shares of Douglas Emmett in a research note on Thursday, November 9th. Robert W. Baird restated a “buy” rating and set a $45.00 target price on shares of Douglas Emmett in a research note on Tuesday, January 9th. BMO Capital Markets set a $39.00 target price on Douglas Emmett and gave the stock a “hold” rating in a research note on Tuesday, February 13th. Finally, Zacks Investment Research upgraded Douglas Emmett from a “sell” rating to a “hold” rating in a research note on Monday, January 8th. Four investment analysts have rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the stock. Douglas Emmett has a consensus rating of “Hold” and a consensus price target of $41.11.
Shares of Douglas Emmett, Inc. (NYSE:DEI) opened at $36.53 on Tuesday. Douglas Emmett, Inc. has a 12 month low of $34.72 and a 12 month high of $41.59. The firm has a market capitalization of $6,194.25, a price-to-earnings ratio of 19.13, a price-to-earnings-growth ratio of 2.83 and a beta of 0.64.
Douglas Emmett (NYSE:DEI) last released its earnings results on Tuesday, February 13th. The real estate investment trust reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.01). Douglas Emmett had a return on equity of 2.69% and a net margin of 12.36%. The business had revenue of $209.19 million for the quarter, compared to the consensus estimate of $202.00 million. equities analysts forecast that Douglas Emmett, Inc. will post 2 EPS for the current fiscal year.
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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).
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