Fmr LLC Has $85.81 Million Position in Douglas Emmett, Inc. (NYSE:DEI)

FMR LLC boosted its stake in Douglas Emmett, Inc. (NYSE:DEI - Free Report) by 8.5% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,883,814 shares of the real estate investment trust's stock after buying an additional 384,371 shares during the quarter. FMR LLC owned approximately 2.92% of Douglas Emmett worth $85,809,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Victory Capital Management Inc. raised its holdings in shares of Douglas Emmett by 4,395.5% during the third quarter. Victory Capital Management Inc. now owns 1,578,205 shares of the real estate investment trust's stock worth $27,729,000 after acquiring an additional 1,543,099 shares in the last quarter. Manning & Napier Advisors LLC acquired a new stake in shares of Douglas Emmett during the 2nd quarter valued at about $3,825,000. Neo Ivy Capital Management bought a new stake in shares of Douglas Emmett in the 2nd quarter valued at approximately $2,573,000. Dimensional Fund Advisors LP increased its holdings in Douglas Emmett by 8.1% in the second quarter. Dimensional Fund Advisors LP now owns 2,495,263 shares of the real estate investment trust's stock worth $33,212,000 after buying an additional 186,385 shares during the last quarter. Finally, SG Americas Securities LLC raised its position in Douglas Emmett by 105.3% during the third quarter. SG Americas Securities LLC now owns 322,585 shares of the real estate investment trust's stock valued at $5,668,000 after acquiring an additional 165,429 shares in the last quarter. Institutional investors and hedge funds own 97.37% of the company's stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on the company. Wells Fargo & Company upped their price target on Douglas Emmett from $15.00 to $17.00 and gave the stock an "overweight" rating in a research note on Wednesday, September 11th. Citigroup boosted their price target on Douglas Emmett from $14.00 to $16.00 and gave the company a "neutral" rating in a research note on Thursday, September 12th. Evercore ISI raised their price objective on shares of Douglas Emmett from $16.00 to $19.00 and gave the stock an "in-line" rating in a report on Thursday, November 7th. Scotiabank raised Douglas Emmett from a "sector perform" rating to a "sector outperform" rating and boosted their price target for the company from $16.00 to $21.00 in a research note on Thursday, November 14th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Douglas Emmett from $15.00 to $18.00 and gave the stock a "neutral" rating in a report on Monday, September 9th. Six equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to MarketBeat, Douglas Emmett currently has an average rating of "Hold" and an average price target of $17.43.

Douglas Emmett Price Performance

Shares of Douglas Emmett stock traded up $0.29 during midday trading on Friday, reaching $19.50. The company had a trading volume of 661,765 shares, compared to its average volume of 1,619,661. The company has a current ratio of 4.09, a quick ratio of 4.09 and a debt-to-equity ratio of 1.51. The stock has a fifty day simple moving average of $18.45 and a 200 day simple moving average of $16.05. Douglas Emmett, Inc. has a 1-year low of $12.35 and a 1-year high of $19.80. The company has a market capitalization of $3.26 billion, a price-to-earnings ratio of -192.10 and a beta of 1.11.

Douglas Emmett (NYSE:DEI - Get Free Report) last released its earnings results on Monday, November 4th. The real estate investment trust reported $0.03 earnings per share 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 return on equity of 0.43% and a negative net margin of 1.68%. The company's revenue was down 1.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.45 EPS. As a group, equities research analysts forecast that Douglas Emmett, Inc. will post 1.7 earnings per share for the current year.

Douglas Emmett Company 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.