Quantbot Technologies LP Sells 99,211 Shares of Douglas Emmett, Inc. (NYSE:DEI)

Quantbot Technologies LP lessened its position in shares of Douglas Emmett, Inc. (NYSE:DEI - Free Report) by 95.2% in the third quarter, according to its most recent filing with the SEC. The firm owned 4,974 shares of the real estate investment trust's stock after selling 99,211 shares during the quarter. Quantbot Technologies LP's holdings in Douglas Emmett were worth $87,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Wolverine Asset Management LLC acquired a new position in shares of Douglas Emmett in the 2nd quarter valued at about $32,000. Venturi Wealth Management LLC acquired a new position in Douglas Emmett in the third quarter valued at approximately $48,000. Quarry LP boosted its holdings in shares of Douglas Emmett by 155.0% during the 2nd quarter. Quarry LP now owns 4,121 shares of the real estate investment trust's stock worth $55,000 after buying an additional 2,505 shares in the last quarter. Blue Trust Inc. grew its position in shares of Douglas Emmett by 1,081.5% during the 3rd quarter. Blue Trust Inc. now owns 3,710 shares of the real estate investment trust's stock worth $65,000 after buying an additional 3,396 shares during the period. Finally, GAMMA Investing LLC grew its position in shares of Douglas Emmett by 44.6% during the 3rd 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 during the period. Institutional investors own 97.37% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on DEI. Scotiabank raised shares of Douglas Emmett from a "sector perform" rating to a "sector outperform" rating and increased their target price for the stock from $16.00 to $21.00 in a research note on Thursday, November 14th. Evercore ISI increased 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. Wells Fargo & Company raised their target price on Douglas Emmett from $15.00 to $17.00 and gave the company an "overweight" rating in a research note on Wednesday, September 11th. Citigroup upped 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, Piper Sandler upped their target price on Douglas Emmett from $15.00 to $16.00 and gave the stock a "neutral" rating in a research report on Monday, August 12th. Six research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, Douglas Emmett currently has a consensus rating of "Hold" and an average price target of $17.43.

Douglas Emmett Price Performance

NYSE DEI traded up $0.31 on Friday, reaching $19.52. The company had a trading volume of 661,765 shares, compared to its average volume of 1,221,495. 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 company's fifty day moving average is $18.49 and its 200 day moving average is $16.09. Douglas Emmett, Inc. has a 52-week low of $12.35 and a 52-week high of $19.80.

Douglas Emmett (NYSE:DEI - Get Free Report) last announced its earnings results on Monday, November 4th. The real estate investment trust reported $0.03 EPS for the quarter, missing the consensus estimate 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 analysts' expectations of $242.75 million. During the same quarter in the prior year, the company earned $0.45 EPS. The business's revenue for the quarter was down 1.8% on a year-over-year basis. On average, sell-side analysts predict that Douglas Emmett, Inc. will post 1.7 EPS 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.