Securian Asset Management Inc lowered its position in Douglas Emmett, Inc. (NYSE:DEI) by 3.5% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 359,900 shares of the real estate investment trust’s stock after selling 13,222 shares during the period. Securian Asset Management Inc owned 0.21% of Douglas Emmett worth $14,339,000 at the end of the most recent reporting period.
Several other large investors have also recently bought and sold shares of the company. BlackRock Inc. raised its stake in shares of Douglas Emmett by 1.9% in the first quarter. BlackRock Inc. now owns 20,176,003 shares of the real estate investment trust’s stock valued at $815,515,000 after acquiring an additional 378,247 shares during the last quarter. Boston Partners raised its stake in shares of Douglas Emmett by 2.9% in the first quarter. Boston Partners now owns 5,003,612 shares of the real estate investment trust’s stock valued at $202,246,000 after acquiring an additional 140,119 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Douglas Emmett by 8.6% in the fourth quarter. Geode Capital Management LLC now owns 2,034,556 shares of the real estate investment trust’s stock valued at $69,438,000 after acquiring an additional 160,313 shares during the last quarter. Principal Financial Group Inc. raised its stake in shares of Douglas Emmett by 1.2% in the first quarter. Principal Financial Group Inc. now owns 717,433 shares of the real estate investment trust’s stock valued at $28,998,000 after acquiring an additional 8,743 shares during the last quarter. Finally, Rothschild & Co. Asset Management US Inc. raised its stake in shares of Douglas Emmett by 4.0% in the first quarter. Rothschild & Co. Asset Management US Inc. now owns 591,589 shares of the real estate investment trust’s stock valued at $23,912,000 after acquiring an additional 22,895 shares during the last quarter. Institutional investors own 89.09% of the company’s stock.
DEI stock traded down $0.10 during trading on Tuesday, hitting $42.22. The company had a trading volume of 24,466 shares, compared to its average volume of 794,911. The company has a quick ratio of 3.74, a current ratio of 3.74 and a debt-to-equity ratio of 1.07. The firm has a 50-day moving average price of $40.71 and a 200-day moving average price of $40.41. Douglas Emmett, Inc. has a 12 month low of $32.32 and a 12 month high of $42.47. The stock has a market cap of $7.35 billion, a price-to-earnings ratio of 20.90, a PEG ratio of 3.43 and a beta of 0.70.
Douglas Emmett (NYSE:DEI) last posted its quarterly earnings data on Monday, August 5th. The real estate investment trust reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.53 by $0.01. Douglas Emmett had a net margin of 13.54% and a return on equity of 3.05%. The firm had revenue of $230.50 million during the quarter, compared to analysts’ expectations of $226.45 million. During the same quarter in the previous year, the company posted $0.51 EPS. Douglas Emmett’s revenue was up 5.0% on a year-over-year basis. Equities analysts expect that Douglas Emmett, Inc. will post 2.11 EPS for the current year.
Separately, Zacks Investment Research upgraded shares of Douglas Emmett from a “sell” rating to a “hold” rating in a research report on Monday, August 5th. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company has an average rating of “Hold” and an average target price of $41.43.
Douglas Emmett 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.
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