Douglas Emmett, Inc. (DEI) Position Cut by Ameriprise Financial Inc.

Ameriprise Financial Inc. lowered its stake in shares of Douglas Emmett, Inc. (NYSE:DEI) by 9.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 689,089 shares of the real estate investment trust’s stock after selling 68,124 shares during the period. Ameriprise Financial Inc. owned approximately 0.42% of Douglas Emmett worth $27,165,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. raised its holdings in shares of Douglas Emmett by 0.7% in 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 acquiring an additional 152,639 shares during the last quarter. BlackRock Inc. raised its holdings in shares of Douglas Emmett by 3.6% in the 2nd quarter. BlackRock Inc. now owns 16,639,474 shares of the real estate investment trust’s stock worth $635,797,000 after acquiring an additional 576,163 shares during the last quarter. FMR LLC raised its holdings in shares of Douglas Emmett by 9.8% in the 2nd quarter. FMR LLC now owns 11,749,721 shares of the real estate investment trust’s stock worth $448,956,000 after acquiring an additional 1,049,842 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Douglas Emmett by 12.8% in 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 acquiring an additional 863,062 shares during the last quarter. Finally, Daiwa Securities Group Inc. raised its holdings in shares of Douglas Emmett by 4.0% in 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 acquiring an additional 247,203 shares during the last quarter. Hedge funds and other institutional investors own 96.51% of the company’s stock.

In other news, Chairman Dan A. Emmett sold 100,000 shares of the stock in a transaction that occurred on Friday, September 22nd. The shares were sold at an average price of $38.99, for a total transaction of $3,899,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 17.80% of the stock is owned by corporate insiders.

A number of equities research analysts recently weighed in on the stock. KeyCorp restated a “hold” rating on shares of Douglas Emmett in a report on Sunday, September 24th. BidaskClub lowered shares of Douglas Emmett from a “sell” rating to a “strong sell” rating in a report on Wednesday, August 9th. Robert W. Baird upped their target price on shares of Douglas Emmett from $45.00 to $47.00 and gave the stock an “outperform” rating in a report on Friday, November 10th. Mizuho restated a “hold” rating and issued a $41.00 target price on shares of Douglas Emmett in a report on Friday, October 27th. Finally, TheStreet raised shares of Douglas Emmett from a “c+” rating to a “b-” rating in a research report on Wednesday, November 15th. Five research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $40.67.

Shares of Douglas Emmett, Inc. (DEI) traded up $0.08 during mid-day trading on Thursday, reaching $39.92. 547,700 shares of the company’s stock were exchanged, compared to its average volume of 745,911. Douglas Emmett, Inc. has a twelve month low of $35.27 and a twelve month high of $41.19. The company has a market cap of $6,753.89, a P/E ratio of 21.08, a price-to-earnings-growth ratio of 3.28 and a beta of 0.71.

Douglas Emmett (NYSE:DEI) last issued its quarterly earnings data on Tuesday, November 7th. The real estate investment trust reported $0.48 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.48. Douglas Emmett had a net margin of 11.29% and a return on equity of 2.58%. The business had revenue of $208.75 million during the quarter, compared to the consensus estimate of $203.99 million. During the same period in the prior year, the firm posted $0.47 EPS. The firm’s quarterly revenue was up 8.7% compared to the same quarter last year. equities research analysts expect that Douglas Emmett, Inc. will post 1.9 EPS for the current year.

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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).

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

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