Quarry LP Cuts Stock Holdings in Douglas Emmett, Inc. (NYSE:DEI)

Quarry LP trimmed its stake in shares of Douglas Emmett, Inc. (NYSE:DEI) by 40.2% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,463 shares of the real estate investment trust’s stock after selling 1,658 shares during the period. Quarry LP’s holdings in Douglas Emmett were worth $43,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Wolverine Asset Management LLC purchased a new position in shares of Douglas Emmett in the 2nd quarter worth $32,000. Venturi Wealth Management LLC purchased a new position in shares of Douglas Emmett in the 3rd quarter worth $48,000. Blue Trust Inc. grew its stake in shares of Douglas Emmett by 1,081.5% in the 3rd quarter. Blue Trust Inc. now owns 3,710 shares of the real estate investment trust’s stock worth $65,000 after buying an additional 3,396 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of Douglas Emmett by 44.6% in the 3rd quarter. GAMMA Investing LLC now owns 3,811 shares of the real estate investment trust’s stock worth $67,000 after buying an additional 1,175 shares in the last quarter. Finally, Raleigh Capital Management Inc. grew its stake in shares of Douglas Emmett by 62.0% in the 3rd quarter. Raleigh Capital Management Inc. now owns 3,856 shares of the real estate investment trust’s stock worth $68,000 after buying an additional 1,476 shares in the last quarter. 97.37% of the stock is owned by hedge funds and other institutional investors.

Douglas Emmett Trading Down 2.2 %

Shares of DEI opened at $19.46 on Wednesday. Douglas Emmett, Inc. has a 1-year low of $12.35 and a 1-year high of $20.27. The company has a 50-day moving average of $18.57 and a 200 day moving average of $16.20. The firm has a market capitalization of $3.26 billion, a price-to-earnings ratio of -194.55 and a beta of 1.11. 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) last announced its quarterly earnings data on Monday, November 4th. The real estate investment trust reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.38). Douglas Emmett had a negative net margin of 1.68% and a negative return on equity of 0.43%. The company had revenue of $250.75 million for the quarter, compared to the consensus estimate of $242.75 million. During the same quarter in the previous year, the business earned $0.45 EPS. The company’s quarterly revenue was down 1.8% compared to the same quarter last year. On average, research analysts expect that Douglas Emmett, Inc. will post 1.7 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have commented on DEI. Scotiabank raised shares of Douglas Emmett from a “sector perform” rating to a “sector outperform” rating and lifted their price objective for the stock from $16.00 to $21.00 in a research note on Thursday, November 14th. Citigroup raised 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. Wells Fargo & Company raised their target price on shares of Douglas Emmett from $15.00 to $17.00 and gave the stock an “overweight” rating in a report on Wednesday, September 11th. Evercore ISI raised their target price on shares of Douglas Emmett from $16.00 to $19.00 and gave the stock an “in-line” rating in a report on Thursday, November 7th. Finally, JPMorgan Chase & Co. raised their target price on shares of Douglas Emmett from $15.00 to $18.00 and gave the stock a “neutral” rating in a report on Monday, September 9th. Six analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $17.43.

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.