Douglas Emmett, Inc. (DEI) Position Increased by Great West Life Assurance Co. Can

Great West Life Assurance Co. Can increased its stake in Douglas Emmett, Inc. (NYSE:DEI) by 2.5% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 163,591 shares of the real estate investment trust’s stock after purchasing an additional 3,978 shares during the period. Great West Life Assurance Co. Can owned 0.10% of Douglas Emmett worth $6,411,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in Douglas Emmett by 0.7% during the 2nd quarter. Vanguard Group Inc. now owns 23,050,527 shares of the real estate investment trust’s stock worth $880,761,000 after buying an additional 152,639 shares during the last quarter. BlackRock Inc. raised its position in Douglas Emmett by 3.6% during the 2nd quarter. BlackRock Inc. now owns 16,639,474 shares of the real estate investment trust’s stock worth $635,797,000 after buying an additional 576,163 shares during the last quarter. FMR LLC raised its position in Douglas Emmett by 9.8% during the 2nd quarter. FMR LLC now owns 11,749,721 shares of the real estate investment trust’s stock worth $448,956,000 after buying an additional 1,049,842 shares during the last quarter. Bank of New York Mellon Corp raised its position in Douglas Emmett by 12.8% during the 2nd 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 during the last quarter. Finally, Daiwa Securities Group Inc. raised its position in Douglas Emmett by 4.0% during the 3rd 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 during the last quarter. Institutional investors own 96.51% of the company’s stock.

A number of equities analysts have issued reports on DEI shares. Janney Montgomery Scott started coverage on shares of Douglas Emmett in a research report on Friday, September 8th. They set a “neutral” rating for the company. Stifel Nicolaus reaffirmed a “buy” rating and set a $43.00 target price (up from $42.00) on shares of Douglas Emmett in a report on Thursday, November 9th. Zacks Investment Research lowered shares of Douglas Emmett from a “hold” rating to a “sell” rating in a report on Monday, October 16th. BidaskClub raised shares of Douglas Emmett from a “strong sell” rating to a “sell” rating in a report on Saturday, August 26th. Finally, TheStreet raised shares of Douglas Emmett from a “c+” rating to a “b-” rating in a report on Wednesday, November 15th. Five equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $40.67.

Douglas Emmett, Inc. (NYSE:DEI) opened at $40.28 on Friday. The firm has a market cap of $6,767.45, a P/E ratio of 21.12, a PEG ratio of 3.28 and a beta of 0.71. Douglas Emmett, Inc. has a 1-year low of $35.27 and a 1-year high of $41.19.

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, meeting the consensus estimate of $0.48. The firm had revenue of $208.75 million during the quarter, compared to analyst estimates of $203.99 million. Douglas Emmett had a net margin of 11.29% and a return on equity of 2.58%. The business’s quarterly revenue was up 8.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.47 EPS. analysts predict that Douglas Emmett, Inc. will post 1.9 EPS for the current year.

In related news, Chairman Dan A. Emmett sold 100,000 shares of the business’s stock in a transaction on Friday, September 22nd. The shares were sold at an average price of $38.99, for a total value of $3,899,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 17.80% of the stock is currently owned by insiders.

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Douglas Emmett Company Profile

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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