Douglas Emmett, Inc. (NYSE:DEI) Stock Holdings Lessened by Oregon Public Employees Retirement Fund

Oregon Public Employees Retirement Fund trimmed its stake in Douglas Emmett, Inc. (NYSE:DEI) by 4.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 62,403 shares of the real estate investment trust’s stock after selling 3,015 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Douglas Emmett were worth $2,739,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Rhumbline Advisers lifted its position in shares of Douglas Emmett by 2.8% in the fourth quarter. Rhumbline Advisers now owns 456,554 shares of the real estate investment trust’s stock worth $20,043,000 after purchasing an additional 12,222 shares in the last quarter. Simplex Trading LLC lifted its position in shares of Douglas Emmett by 645.1% in the fourth quarter. Simplex Trading LLC now owns 1,766 shares of the real estate investment trust’s stock worth $77,000 after purchasing an additional 1,529 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its position in shares of Douglas Emmett by 8.1% in the fourth quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 35,196 shares of the real estate investment trust’s stock worth $1,545,000 after purchasing an additional 2,623 shares in the last quarter. Victory Capital Management Inc. lifted its position in shares of Douglas Emmett by 1.3% in the fourth quarter. Victory Capital Management Inc. now owns 31,330 shares of the real estate investment trust’s stock worth $1,300,000 after purchasing an additional 408 shares in the last quarter. Finally, Virtu Financial LLC purchased a new stake in shares of Douglas Emmett in the fourth quarter worth approximately $301,000. 92.95% of the stock is owned by institutional investors and hedge funds.

A number of analysts have recently issued reports on DEI shares. Robert W. Baird reduced their price target on shares of Douglas Emmett from $51.00 to $50.00 and set an “outperform” rating for the company in a research report on Thursday. Mizuho started coverage on shares of Douglas Emmett in a research report on Monday, February 3rd. They issued a “neutral” rating and a $45.00 price target for the company. BMO Capital Markets reissued a “hold” rating and issued a $41.00 price target on shares of Douglas Emmett in a research report on Thursday. Zacks Investment Research lowered shares of Douglas Emmett from a “buy” rating to a “hold” rating in a research report on Friday, January 10th. Finally, ValuEngine upgraded Douglas Emmett from a “sell” rating to a “hold” rating in a report on Friday, November 1st. Six analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Douglas Emmett has an average rating of “Hold” and an average target price of $45.80.

NYSE:DEI opened at $45.32 on Friday. The stock’s 50 day moving average price is $42.71 and its 200 day moving average price is $42.61. Douglas Emmett, Inc. has a 52 week low of $38.13 and a 52 week high of $45.38. The company has a market capitalization of $7.79 billion, a P/E ratio of 21.05, a P/E/G ratio of 3.10 and a beta of 0.67. The company has a debt-to-equity ratio of 1.06, a quick ratio of 2.38 and a current ratio of 2.24.

Douglas Emmett (NYSE:DEI) last released its quarterly earnings data on Tuesday, February 11th. The real estate investment trust reported $1.58 EPS for the quarter, topping analysts’ consensus estimates of $0.54 by $1.04. Douglas Emmett had a return on equity of 8.98% and a net margin of 38.83%. The firm had revenue of $243.89 million for the quarter, compared to the consensus estimate of $239.60 million. As a group, sell-side analysts forecast that Douglas Emmett, Inc. will post 2.26 earnings per share for the current fiscal year.

Douglas Emmett Profile

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.

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

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