Weiss Asset Management LP Invests $777,000 in Douglas Emmett, Inc. (NYSE:DEI)

Weiss Asset Management LP acquired a new position in shares of Douglas Emmett, Inc. (NYSE:DEI - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 44,220 shares of the real estate investment trust's stock, valued at approximately $777,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Stifel Financial Corp increased its holdings in shares of Douglas Emmett by 43.4% in the third quarter. Stifel Financial Corp now owns 17,783 shares of the real estate investment trust's stock valued at $312,000 after purchasing an additional 5,380 shares in the last quarter. Quantinno Capital Management LP boosted its position in shares of Douglas Emmett by 22.0% during the third quarter. Quantinno Capital Management LP now owns 69,731 shares of the real estate investment trust's stock worth $1,225,000 after purchasing an additional 12,587 shares in the last quarter. NFJ Investment Group LLC acquired a new stake in shares of Douglas Emmett during the third quarter worth $6,210,000. HighTower Advisors LLC raised its holdings in shares of Douglas Emmett by 9.6% during the third quarter. HighTower Advisors LLC now owns 13,335 shares of the real estate investment trust's stock worth $234,000 after acquiring an additional 1,171 shares during the period. Finally, Holocene Advisors LP raised its holdings in shares of Douglas Emmett by 18.4% during the third quarter. Holocene Advisors LP now owns 199,607 shares of the real estate investment trust's stock worth $3,507,000 after acquiring an additional 30,951 shares during the period. 97.37% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

Douglas Emmett Price Performance

Douglas Emmett stock traded up $0.36 during mid-day trading on Monday, reaching $19.88. The stock had a trading volume of 1,069,749 shares, compared to its average volume of 1,617,340. The company has a 50-day moving average price of $18.49 and a two-hundred day moving average price of $16.12. Douglas Emmett, Inc. has a one year low of $12.35 and a one year high of $20.27. The company has a debt-to-equity ratio of 1.51, a quick ratio of 4.09 and a current ratio of 4.09.

Douglas Emmett (NYSE:DEI - Get Free Report) last issued 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 business had revenue of $250.75 million during the quarter, compared to analysts' expectations 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 quarterly revenue was down 1.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.45 EPS. As a group, equities analysts anticipate that Douglas Emmett, Inc. will post 1.7 EPS 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.