Douglas Emmett, Inc. (DEI) Shares Sold by Macquarie Group Ltd.

Macquarie Group Ltd. decreased its position in Douglas Emmett, Inc. (NYSE:DEI) by 13.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 55,875 shares of the real estate investment trust’s stock after selling 8,462 shares during the quarter. Macquarie Group Ltd.’s holdings in Douglas Emmett were worth $2,203,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its stake in shares of Douglas Emmett by 0.7% in the 2nd quarter. Vanguard Group Inc. now owns 23,050,527 shares of the real estate investment trust’s stock valued at $880,761,000 after purchasing an additional 152,639 shares during the period. BlackRock Inc. raised its stake in shares of Douglas Emmett by 3.6% in the 2nd quarter. BlackRock Inc. now owns 16,639,474 shares of the real estate investment trust’s stock valued at $635,797,000 after purchasing an additional 576,163 shares during the period. FMR LLC raised its stake in shares of Douglas Emmett by 9.8% in the 2nd quarter. FMR LLC now owns 11,749,721 shares of the real estate investment trust’s stock valued at $448,956,000 after purchasing an additional 1,049,842 shares during the period. Bank of New York Mellon Corp raised its stake in shares of Douglas Emmett by 12.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 7,582,021 shares of the real estate investment trust’s stock valued at $289,711,000 after purchasing an additional 863,062 shares during the period. Finally, Daiwa Securities Group Inc. grew its holdings in shares of Douglas Emmett by 4.0% in the 3rd quarter. Daiwa Securities Group Inc. now owns 6,425,963 shares of the real estate investment trust’s stock valued at $253,311,000 after acquiring an additional 247,203 shares in the last quarter. 96.51% of the stock is currently owned by hedge funds and other institutional investors.

In related news, Chairman Dan A. Emmett sold 100,000 shares of Douglas Emmett stock in a transaction dated Friday, September 22nd. The stock was sold at an average price of $38.99, for a total transaction of $3,899,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 17.80% of the company’s stock.

Douglas Emmett, Inc. (DEI) opened at $39.84 on Wednesday. Douglas Emmett, Inc. has a 1-year low of $35.27 and a 1-year high of $41.19. The company has a market capitalization of $6,855.60, a PE ratio of 21.40, a P/E/G ratio of 3.33 and a beta of 0.71.

Douglas Emmett (NYSE:DEI) last posted its quarterly earnings results on Tuesday, November 7th. The real estate investment trust reported $0.48 EPS for the quarter, hitting analysts’ consensus estimates of $0.48. Douglas Emmett had a return on equity of 2.58% and a net margin of 11.29%. The business had revenue of $208.75 million during the quarter, compared to analysts’ expectations of $203.99 million. During the same quarter last year, the company posted $0.47 earnings per share. Douglas Emmett’s quarterly revenue was up 8.7% on a year-over-year basis. equities analysts expect that Douglas Emmett, Inc. will post 1.9 earnings per share for the current fiscal year.

Several equities analysts have recently weighed in on DEI shares. Janney Montgomery Scott started coverage on Douglas Emmett in a report on Friday, September 8th. They issued a “neutral” rating for the company. Stifel Nicolaus restated a “buy” rating and issued a $43.00 price objective (up previously from $42.00) on shares of Douglas Emmett in a report on Thursday, November 9th. Zacks Investment Research cut Douglas Emmett from a “hold” rating to a “sell” rating in a report on Monday, October 16th. BidaskClub upgraded Douglas Emmett from a “strong sell” rating to a “sell” rating in a report on Saturday, August 26th. Finally, TheStreet upgraded Douglas Emmett from a “c+” rating to a “b-” rating in a report on Wednesday, November 15th. Five research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $40.67.

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Douglas Emmett Profile

Douglas Emmett, Inc is a self-administered and self-managed real estate investment trust (REIT). The Company is owner and operator of office and multifamily properties located in submarkets in Los Angeles and Honolulu. The Company operates through two segments: the acquisition, development, ownership and management of office real estate (Office Segment), and the acquisition, development, ownership and management of multifamily real estate (Multifamily Segment).

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

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