UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Boosts Stock Position in Douglas Emmett, Inc. (NYSE:DEI)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Douglas Emmett, Inc. (NYSE:DEI - Free Report) by 379.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,085,427 shares of the real estate investment trust's stock after purchasing an additional 858,857 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.65% of Douglas Emmett worth $19,071,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Massachusetts Financial Services Co. MA grew its position in Douglas Emmett by 2.1% during the second quarter. Massachusetts Financial Services Co. MA now owns 8,090,198 shares of the real estate investment trust's stock valued at $107,681,000 after acquiring an additional 165,425 shares during the last quarter. FMR LLC grew its position in Douglas Emmett by 8.5% during the third quarter. FMR LLC now owns 4,883,814 shares of the real estate investment trust's stock valued at $85,809,000 after acquiring an additional 384,371 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in Douglas Emmett by 3.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 3,797,822 shares of the real estate investment trust's stock valued at $66,728,000 after acquiring an additional 127,274 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Douglas Emmett by 8.1% during the second quarter. Dimensional Fund Advisors LP now owns 2,495,263 shares of the real estate investment trust's stock valued at $33,212,000 after acquiring an additional 186,385 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in shares of Douglas Emmett by 1.0% during the second quarter. Bank of New York Mellon Corp now owns 2,417,865 shares of the real estate investment trust's stock valued at $32,182,000 after purchasing an additional 24,272 shares during the period. 97.37% of the stock is currently owned by institutional investors.

Douglas Emmett Stock Performance

NYSE DEI traded up $0.29 during trading hours on Friday, hitting $19.50. The company's stock had a trading volume of 661,765 shares, compared to its average volume of 1,619,661. The company's 50 day simple moving average is $18.49 and its two-hundred day simple moving average is $16.09. The company has a market cap of $3.26 billion, a P/E ratio of -195.00 and a beta of 1.11. Douglas Emmett, Inc. has a 12 month low of $12.35 and a 12 month high of $19.80. The company has a debt-to-equity ratio of 1.51, a current ratio of 4.09 and a quick ratio of 4.09.

Douglas Emmett (NYSE:DEI - Get Free Report) last released its quarterly earnings results on Monday, November 4th. The real estate investment trust reported $0.03 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.41 by ($0.38). The firm had revenue of $250.75 million for the quarter, compared to the consensus estimate of $242.75 million. Douglas Emmett had a negative net margin of 1.68% and a negative return on equity of 0.43%. The company's revenue for the quarter was down 1.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.45 earnings per share. As a group, sell-side analysts expect that Douglas Emmett, Inc. will post 1.7 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on DEI shares. Scotiabank raised Douglas Emmett from a "sector perform" rating to a "sector outperform" rating and increased their price objective for the company from $16.00 to $21.00 in a research note on Thursday, November 14th. JPMorgan Chase & Co. raised their price target on Douglas Emmett from $15.00 to $18.00 and gave the stock a "neutral" rating in a research note on Monday, September 9th. Piper Sandler raised their price target on Douglas Emmett from $15.00 to $16.00 and gave the stock a "neutral" rating in a research note on Monday, August 12th. Citigroup raised their price target on Douglas Emmett from $14.00 to $16.00 and gave the stock a "neutral" rating in a research note on Thursday, September 12th. Finally, Evercore ISI raised their price target on Douglas Emmett from $16.00 to $19.00 and gave the stock an "in-line" rating in a research note on Thursday, November 7th. Six analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $17.43.

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.