Douglas Emmett, Inc. (NYSE:DEI) Shares Bought by Holocene Advisors LP

Holocene Advisors LP raised its holdings in shares of Douglas Emmett, Inc. (NYSE:DEI - Free Report) by 18.4% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 199,607 shares of the real estate investment trust's stock after buying an additional 30,951 shares during the quarter. Holocene Advisors LP owned about 0.12% of Douglas Emmett worth $3,507,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. Wolverine Asset Management LLC purchased a new stake in Douglas Emmett during the 2nd quarter valued at about $32,000. Venturi Wealth Management LLC acquired a new position in shares of Douglas Emmett during the 3rd quarter worth approximately $48,000. Quarry LP grew its position in shares of Douglas Emmett by 155.0% in the second quarter. Quarry LP now owns 4,121 shares of the real estate investment trust's stock valued at $55,000 after purchasing an additional 2,505 shares in the last quarter. Blue Trust Inc. increased its holdings in shares of Douglas Emmett by 1,081.5% in the third quarter. Blue Trust Inc. now owns 3,710 shares of the real estate investment trust's stock valued at $65,000 after purchasing an additional 3,396 shares during the last quarter. Finally, GAMMA Investing LLC lifted its position in Douglas Emmett by 44.6% during the third quarter. GAMMA Investing LLC now owns 3,811 shares of the real estate investment trust's stock worth $67,000 after buying an additional 1,175 shares in the last quarter. 97.37% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

DEI has been the subject of several analyst reports. Scotiabank upgraded Douglas Emmett from a "sector perform" rating to a "sector outperform" rating and upped their target price for the company from $16.00 to $21.00 in a report on Thursday, November 14th. 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 research report on Thursday, November 7th. JPMorgan Chase & Co. boosted their target price on shares of Douglas Emmett from $15.00 to $18.00 and gave the company a "neutral" rating in a report on Monday, September 9th. Citigroup increased their price target on shares of Douglas Emmett from $14.00 to $16.00 and gave the company a "neutral" rating in a research note on Thursday, September 12th. Finally, Wells Fargo & Company lifted their price target on shares of Douglas Emmett from $15.00 to $17.00 and gave the company an "overweight" rating in a research report on Wednesday, September 11th. Six equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat, Douglas Emmett presently has an average rating of "Hold" and a consensus price target of $17.43.

Douglas Emmett Trading Up 1.6 %

Shares of DEI stock traded up $0.31 during trading hours on Friday, hitting $19.52. The company had a trading volume of 661,765 shares, compared to its average volume of 1,619,661. Douglas Emmett, Inc. has a fifty-two week low of $12.35 and a fifty-two week 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. The company's fifty day moving average is $18.45 and its 200 day moving average is $16.05. The stock has a market capitalization of $3.27 billion, a PE ratio of -192.10 and a beta of 1.11.

Douglas Emmett (NYSE:DEI - Get Free Report) last issued its quarterly earnings data 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). Douglas Emmett had a negative net margin of 1.68% and a negative return on equity of 0.43%. The firm had revenue of $250.75 million during the quarter, compared to analyst estimates of $242.75 million. During the same period in the previous year, the firm posted $0.45 earnings per share. The company's quarterly revenue was down 1.8% compared to the same quarter last year. Research analysts expect that Douglas Emmett, Inc. will post 1.7 earnings per share for the current fiscal year.

About Douglas Emmett

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.