State Street Corp Sells 186,878 Shares of Douglas Emmett, Inc. (NYSE:DEI)

State Street Corp reduced its stake in Douglas Emmett, Inc. (NYSE:DEI) by 1.9% during the 3rd quarter, according to the company in its most recent 13F 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 period. State Street Corp owned approximately 5.78% of Douglas Emmett worth $171,868,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of the stock. Wolverine Asset Management LLC bought a new stake in Douglas Emmett during the 2nd quarter worth approximately $32,000. Venturi Wealth Management LLC bought a new stake in Douglas Emmett during the 3rd quarter worth approximately $48,000. Blue Trust Inc. grew its position in Douglas Emmett by 1,081.5% during the 3rd quarter. Blue Trust Inc. now owns 3,710 shares of the real estate investment trust’s stock worth $65,000 after acquiring an additional 3,396 shares during the last quarter. GAMMA Investing LLC grew its position in Douglas Emmett by 44.6% during the 3rd quarter. GAMMA Investing LLC now owns 3,811 shares of the real estate investment trust’s stock worth $67,000 after acquiring an additional 1,175 shares during the last quarter. Finally, Raleigh Capital Management Inc. grew its position in Douglas Emmett by 62.0% during the 3rd quarter. Raleigh Capital Management Inc. now owns 3,856 shares of the real estate investment trust’s stock worth $68,000 after acquiring an additional 1,476 shares during the last quarter. 97.37% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

Douglas Emmett Stock Performance

DEI stock opened at $19.97 on Friday. The business’s fifty day moving average is $18.66 and its 200-day moving average is $16.25. The company has a quick ratio of 4.09, a current ratio of 4.09 and a debt-to-equity ratio of 1.51. The company has a market cap of $3.34 billion, a P/E ratio of -199.70 and a beta of 1.11. Douglas Emmett, Inc. has a twelve month low of $12.35 and a twelve month high of $20.27.

Douglas Emmett (NYSE:DEI) last posted its quarterly earnings results on Monday, November 4th. The real estate investment trust reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.38). The company had revenue of $250.75 million during the quarter, compared to analyst estimates of $242.75 million. Douglas Emmett had a negative net margin of 1.68% and a negative return on equity of 0.43%. The business’s revenue for the quarter was down 1.8% compared to the same quarter last year. During the same period last year, the company earned $0.45 EPS. Equities research analysts forecast that Douglas Emmett, Inc. will post 1.7 EPS for the current year.

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.