Neuberger Berman Group LLC decreased its holdings in shares of Douglas Emmett, Inc. (NYSE:DEI) by 20.5% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,354,145 shares of the real estate investment trust’s stock after selling 350,162 shares during the period. Neuberger Berman Group LLC owned 0.80% of Douglas Emmett worth $49,954,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Tower Research Capital LLC TRC increased its stake in shares of Douglas Emmett by 514.2% during the fourth quarter. Tower Research Capital LLC TRC now owns 2,641 shares of the real estate investment trust’s stock valued at $108,000 after purchasing an additional 2,211 shares in the last quarter. Massey Quick Simon & CO. LLC bought a new position in shares of Douglas Emmett during the first quarter valued at approximately $147,000. Advisors Preferred LLC bought a new position in shares of Douglas Emmett during the fourth quarter valued at approximately $165,000. Vident Investment Advisory LLC bought a new position in shares of Douglas Emmett during the fourth quarter valued at approximately $215,000. Finally, Lourd Capital LLC bought a new position in shares of Douglas Emmett during the fourth quarter valued at approximately $312,000. 96.06% of the stock is owned by institutional investors and hedge funds.
Shares of DEI opened at $37.00 on Tuesday. The company has a market cap of $6.24 billion, a P/E ratio of 19.04, a PEG ratio of 2.76 and a beta of 0.65. The company has a quick ratio of 2.17, a current ratio of 2.17 and a debt-to-equity ratio of 1.04. Douglas Emmett, Inc. has a twelve month low of $34.72 and a twelve month high of $41.59.
Douglas Emmett (NYSE:DEI) last announced its quarterly earnings results on Tuesday, May 8th. The real estate investment trust reported $0.17 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.17. The company had revenue of $212.20 million during the quarter, compared to the consensus estimate of $212.25 million. Douglas Emmett had a net margin of 12.86% and a return on equity of 2.76%. The firm’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.47 earnings per share. sell-side analysts anticipate that Douglas Emmett, Inc. will post 2 EPS for the current fiscal year.
A number of equities analysts have weighed in on the stock. Barclays reaffirmed a “sell” rating and set a $37.00 target price on shares of Douglas Emmett in a research note on Tuesday, April 17th. JPMorgan Chase reduced their price target on shares of Douglas Emmett from $42.00 to $41.00 and set a “neutral” rating for the company in a research report on Friday, March 23rd. Zacks Investment Research raised shares of Douglas Emmett from a “sell” rating to a “hold” rating in a research report on Tuesday, March 20th. BMO Capital Markets set a $38.00 price target on shares of Douglas Emmett and gave the company a “hold” rating in a research report on Tuesday, February 27th. Finally, Stifel Nicolaus reduced their price target on shares of Douglas Emmett from $43.00 to $40.00 and set a “buy” rating for the company in a research report on Thursday, February 15th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the company’s stock. Douglas Emmett currently has a consensus rating of “Hold” and a consensus price target of $40.88.
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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