New Mexico Educational Retirement Board Raises Stake in Douglas Emmett, Inc. (DEI)

New Mexico Educational Retirement Board grew its position in Douglas Emmett, Inc. (NYSE:DEI) by 69.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 37,900 shares of the real estate investment trust’s stock after purchasing an additional 15,547 shares during the period. New Mexico Educational Retirement Board’s holdings in Douglas Emmett were worth $1,556,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Swiss National Bank raised its holdings in Douglas Emmett by 7.3% during the fourth quarter. Swiss National Bank now owns 263,600 shares of the real estate investment trust’s stock worth $10,823,000 after acquiring an additional 18,000 shares in the last quarter. California Public Employees Retirement System raised its holdings in Douglas Emmett by 7.7% during the fourth quarter. California Public Employees Retirement System now owns 296,626 shares of the real estate investment trust’s stock worth $12,179,000 after acquiring an additional 21,133 shares in the last quarter. Shelton Capital Management raised its holdings in Douglas Emmett by 22.1% during the fourth quarter. Shelton Capital Management now owns 13,262 shares of the real estate investment trust’s stock worth $545,000 after acquiring an additional 2,400 shares in the last quarter. ING Groep NV raised its holdings in Douglas Emmett by 28.2% during the fourth quarter. ING Groep NV now owns 24,045 shares of the real estate investment trust’s stock worth $987,000 after acquiring an additional 5,294 shares in the last quarter. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its holdings in Douglas Emmett by 6.9% during the fourth quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 23,210 shares of the real estate investment trust’s stock worth $944,000 after acquiring an additional 1,489 shares in the last quarter. Institutional investors own 96.13% of the company’s stock.

Douglas Emmett, Inc. (DEI) opened at $36.53 on Tuesday. The firm has a market capitalization of $6,194.25, a P/E ratio of 19.13, a price-to-earnings-growth ratio of 2.83 and a beta of 0.64. Douglas Emmett, Inc. has a 12-month low of $34.72 and a 12-month high of $41.59.

Douglas Emmett (NYSE:DEI) last announced its quarterly earnings results on Tuesday, February 13th. The real estate investment trust reported $0.17 earnings per share for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.01). The business had revenue of $209.19 million for the quarter, compared to analyst estimates of $202.00 million. Douglas Emmett had a return on equity of 2.69% and a net margin of 12.36%. equities research analysts anticipate that Douglas Emmett, Inc. will post 2 earnings per share for the current fiscal year.

Several analysts recently issued reports on DEI shares. Mizuho reiterated a “hold” rating and set a $41.00 target price on shares of Douglas Emmett in a report on Friday, October 27th. Stifel Nicolaus reiterated a “buy” rating and set a $43.00 target price (up previously from $42.00) on shares of Douglas Emmett in a report on Thursday, November 9th. Robert W. Baird upped their target price on Douglas Emmett from $45.00 to $47.00 and gave the stock an “outperform” rating in a report on Friday, November 10th. TheStreet upgraded Douglas Emmett from a “c+” rating to a “b-” rating in a report on Wednesday, November 15th. Finally, Zacks Investment Research upgraded Douglas Emmett from a “sell” rating to a “hold” rating in a report on Monday, January 8th. Four equities research 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. Douglas Emmett currently has an average rating of “Hold” and an average target price of $41.11.

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Douglas Emmett 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).

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Institutional Ownership by Quarter for Douglas Emmett (NYSE:DEI)

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