Bank of New York Mellon Corp Has $242.71 Million Stake in Douglas Emmett, Inc. (DEI)

Bank of New York Mellon Corp lessened its position in Douglas Emmett, Inc. (NYSE:DEI) by 18.8% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 6,157,190 shares of the real estate investment trust’s stock after selling 1,424,831 shares during the quarter. Bank of New York Mellon Corp owned approximately 3.78% of Douglas Emmett worth $242,714,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently bought and sold shares of DEI. Cambridge Investment Research Advisors Inc. boosted its stake in shares of Douglas Emmett by 0.4% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 7,581 shares of the real estate investment trust’s stock worth $290,000 after acquiring an additional 27 shares during the period. Bollard Group LLC boosted its stake in shares of Douglas Emmett by 0.6% during the 2nd quarter. Bollard Group LLC now owns 15,880 shares of the real estate investment trust’s stock worth $607,000 after acquiring an additional 92 shares during the period. Public Employees Retirement Association of Colorado boosted its stake in shares of Douglas Emmett by 0.4% during the 2nd quarter. Public Employees Retirement Association of Colorado now owns 34,892 shares of the real estate investment trust’s stock worth $1,333,000 after acquiring an additional 130 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in shares of Douglas Emmett by 0.9% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 21,433 shares of the real estate investment trust’s stock worth $819,000 after acquiring an additional 188 shares during the period. Finally, PNC Financial Services Group Inc. boosted its stake in shares of Douglas Emmett by 9.1% during the 1st quarter. PNC Financial Services Group Inc. now owns 3,600 shares of the real estate investment trust’s stock worth $139,000 after acquiring an additional 299 shares during the period. Hedge funds and other institutional investors own 96.51% of the company’s stock.

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

Douglas Emmett, Inc. (NYSE:DEI) traded down $0.10 during midday trading on Monday, hitting $40.44. The company’s stock had a trading volume of 956,395 shares, compared to its average volume of 746,797. Douglas Emmett, Inc. has a 1 year low of $35.27 and a 1 year high of $41.19. The company has a market cap of $6,872.56, a price-to-earnings ratio of 21.45, a PEG ratio of 3.34 and a beta of 0.71.

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

Several analysts recently weighed in on the company. TheStreet raised Douglas Emmett from a “c+” rating to a “b-” rating in a report on Wednesday, November 15th. Robert W. Baird lifted their price target on Douglas Emmett from $45.00 to $47.00 and gave the stock an “outperform” rating in a report on Friday, November 10th. Stifel Nicolaus reissued a “buy” rating and set a $43.00 price target (up from $42.00) on shares of Douglas Emmett in a report on Thursday, November 9th. Mizuho reaffirmed a “hold” rating and issued a $41.00 price objective on shares of Douglas Emmett in a report on Friday, October 27th. Finally, Zacks Investment Research cut Douglas Emmett from a “hold” rating to a “sell” rating in a report on Monday, October 16th. Five investment analysts have rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $40.67.

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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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