Qube Research & Technologies Ltd acquired a new position in Douglas Emmett, Inc. (NYSE:DEI) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 6,317 shares of the real estate investment trust’s stock, valued at approximately $252,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in DEI. Geode Capital Management LLC increased its stake in Douglas Emmett by 8.6% in the 4th 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 buying an additional 160,313 shares during the period. Retirement Systems of Alabama increased its stake in Douglas Emmett by 0.6% in the 1st quarter. Retirement Systems of Alabama now owns 210,509 shares of the real estate investment trust’s stock valued at $8,509,000 after buying an additional 1,192 shares during the period. Nisa Investment Advisors LLC increased its stake in Douglas Emmett by 431.3% in the 1st quarter. Nisa Investment Advisors LLC now owns 15,940 shares of the real estate investment trust’s stock valued at $644,000 after buying an additional 12,940 shares during the period. First Quadrant L P CA acquired a new position in Douglas Emmett in the 1st quarter valued at approximately $1,570,000. Finally, Oppenheimer Asset Management Inc. increased its stake in Douglas Emmett by 38.8% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 27,462 shares of the real estate investment trust’s stock valued at $1,109,000 after buying an additional 7,672 shares during the period. 89.09% of the stock is owned by institutional investors.

Separately, Zacks Investment Research upgraded shares of Douglas Emmett from a “sell” rating to a “hold” rating in a research note on Monday, August 5th. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $41.43.

Shares of DEI traded down $0.02 during mid-day trading on Wednesday, hitting $41.99. 82,165 shares of the company’s stock were exchanged, compared to its average volume of 794,911. The firm has a fifty day moving average of $40.76 and a two-hundred day moving average of $40.43. Douglas Emmett, Inc. has a twelve month low of $32.32 and a twelve month high of $42.47. The stock has a market cap of $7.35 billion, a price-to-earnings ratio of 20.79, a P/E/G ratio of 3.43 and a beta of 0.70. The company has a quick ratio of 3.74, a current ratio of 3.74 and a debt-to-equity ratio of 1.07.

Douglas Emmett (NYSE:DEI) last announced its quarterly earnings results on Monday, August 5th. The real estate investment trust reported $0.54 EPS for the quarter, topping the Thomson Reuters’ 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 company had revenue of $230.50 million for the quarter, compared to analyst estimates of $226.45 million. During the same quarter in the prior year, the business posted $0.51 EPS. Douglas Emmett’s quarterly revenue was up 5.0% on a year-over-year basis. On average, equities analysts predict that Douglas Emmett, Inc. will post 2.11 earnings per share for the current year.

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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Institutional Ownership by Quarter for Douglas Emmett (NYSE:DEI)

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