Douglas Emmett, Inc. (NYSE:DEI) Shares Sold by State Street Corp

State Street Corp decreased its position in shares of Douglas Emmett, Inc. (NYSE:DEI - Free Report) by 1.9% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,677,795 shares of the real estate investment trust's stock after selling 186,878 shares during the period. State Street Corp owned approximately 5.78% of Douglas Emmett worth $171,868,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Wolverine Asset Management LLC bought a new stake in shares of Douglas Emmett during the 2nd quarter worth approximately $32,000. Venturi Wealth Management LLC purchased a new stake in Douglas Emmett in the third quarter worth $48,000. Quarry LP lifted its position in shares of Douglas Emmett by 155.0% during the second quarter. Quarry LP now owns 4,121 shares of the real estate investment trust's stock worth $55,000 after purchasing an additional 2,505 shares during the last quarter. Blue Trust Inc. boosted its stake in shares of Douglas Emmett by 1,081.5% during 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 period. Finally, GAMMA Investing LLC grew its holdings in shares of Douglas Emmett by 44.6% in the third quarter. GAMMA Investing LLC now owns 3,811 shares of the real estate investment trust's stock worth $67,000 after purchasing an additional 1,175 shares during the last quarter. Hedge funds and other institutional investors own 97.37% of the company's stock.

Douglas Emmett Stock Up 1.3 %

Douglas Emmett stock traded up $0.26 during trading hours on Friday, reaching $19.97. The stock had a trading volume of 1,075,523 shares, compared to its average volume of 1,607,971. The company has a market cap of $3.34 billion, a price-to-earnings ratio of -199.70 and a beta of 1.11. The business's 50 day moving average price is $18.66 and its 200-day moving average price is $16.25. Douglas Emmett, Inc. has a 52 week low of $12.35 and a 52 week high of $20.27. 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 posted its quarterly earnings data 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). 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 last year, the firm earned $0.45 EPS. Sell-side analysts anticipate that Douglas Emmett, Inc. will post 1.7 EPS for the current year.

Wall Street Analysts Forecast Growth

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

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.