State Street Corp Has $377.43 Million Holdings in Douglas Emmett, Inc. (NYSE:DEI)

State Street Corp raised its stake in Douglas Emmett, Inc. (NYSE:DEI) by 2.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,759,829 shares of the real estate investment trust’s stock after acquiring an additional 215,664 shares during the quarter. State Street Corp owned about 5.00% of Douglas Emmett worth $377,432,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. LS Investment Advisors LLC increased its position in Douglas Emmett by 3.7% in the 3rd quarter. LS Investment Advisors LLC now owns 8,143 shares of the real estate investment trust’s stock valued at $349,000 after acquiring an additional 292 shares in the last quarter. Exane Derivatives increased its position in Douglas Emmett by 7.2% in the 3rd quarter. Exane Derivatives now owns 5,216 shares of the real estate investment trust’s stock valued at $223,000 after acquiring an additional 350 shares in the last quarter. Municipal Employees Retirement System of Michigan increased its position in Douglas Emmett by 1.2% in the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 30,270 shares of the real estate investment trust’s stock valued at $1,296,000 after acquiring an additional 370 shares in the last quarter. Redpoint Investment Management Pty Ltd increased its position in Douglas Emmett by 3.6% in the 3rd quarter. Redpoint Investment Management Pty Ltd now owns 16,146 shares of the real estate investment trust’s stock valued at $692,000 after acquiring an additional 559 shares in the last quarter. Finally, Profund Advisors LLC increased its position in Douglas Emmett by 2.4% in the 2nd quarter. Profund Advisors LLC now owns 24,023 shares of the real estate investment trust’s stock valued at $957,000 after acquiring an additional 567 shares in the last quarter. Hedge funds and other institutional investors own 93.95% of the company’s stock.

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Shares of NYSE:DEI opened at $43.28 on Tuesday. Douglas Emmett, Inc. has a one year low of $32.32 and a one year high of $44.56. The company has a 50 day moving average of $43.29 and a 200-day moving average of $41.79. The company has a debt-to-equity ratio of 1.05, a current ratio of 2.38 and a quick ratio of 2.38. The stock has a market cap of $7.73 billion, a price-to-earnings ratio of 21.43, a P/E/G ratio of 3.30 and a beta of 0.66.

Douglas Emmett (NYSE:DEI) last issued its quarterly earnings results on Tuesday, November 5th. The real estate investment trust reported $0.13 EPS for the quarter, missing the consensus estimate of $0.51 by ($0.38). Douglas Emmett had a return on equity of 2.83% and a net margin of 12.05%. The business had revenue of $238.07 million for the quarter, compared to analyst estimates of $237.69 million. During the same quarter in the prior year, the firm earned $0.51 EPS. The firm’s quarterly revenue was up 6.6% compared to the same quarter last year. Equities research analysts anticipate that Douglas Emmett, Inc. will post 2.1 earnings per share for the current year.

Several equities research analysts have weighed in on the stock. Zacks Investment Research cut shares of Douglas Emmett from a “buy” rating to a “hold” rating in a research report on Monday, November 4th. Robert W. Baird set a $51.00 price target on shares of Douglas Emmett and gave the stock a “buy” rating in a research report on Wednesday, August 21st. BMO Capital Markets reiterated a “hold” rating and set a $45.00 price target on shares of Douglas Emmett in a research report on Wednesday, November 6th. ValuEngine upgraded shares of Douglas Emmett from a “sell” rating to a “hold” rating in a research report on Friday, November 1st. Finally, Barclays reiterated a “hold” rating and set a $47.00 price target on shares of Douglas Emmett in a research report on Sunday, October 13th. Six research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $44.83.

About Douglas Emmett

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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