Fmr LLC Has $85.81 Million Holdings in Douglas Emmett, Inc. (NYSE:DEI)

Fmr LLC raised its holdings in Douglas Emmett, Inc. (NYSE:DEI) by 8.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,883,814 shares of the real estate investment trust’s stock after acquiring an additional 384,371 shares during the period. Fmr LLC owned about 2.92% of Douglas Emmett worth $85,809,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Daiwa Securities Group Inc. lifted its holdings in shares of Douglas Emmett by 6.8% during the 3rd quarter. Daiwa Securities Group Inc. now owns 62,251 shares of the real estate investment trust’s stock valued at $1,094,000 after purchasing an additional 3,942 shares in the last quarter. Swedbank AB raised its holdings in Douglas Emmett by 23.0% during the 3rd quarter. Swedbank AB now owns 45,255 shares of the real estate investment trust’s stock worth $795,000 after buying an additional 8,468 shares during the period. Citigroup Inc. lifted its stake in Douglas Emmett by 43.0% in the third quarter. Citigroup Inc. now owns 227,814 shares of the real estate investment trust’s stock valued at $4,003,000 after buying an additional 68,507 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Douglas Emmett by 3.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 3,797,822 shares of the real estate investment trust’s stock valued at $66,728,000 after buying an additional 127,274 shares during the period. Finally, Intech Investment Management LLC bought a new stake in shares of Douglas Emmett during the third quarter worth $650,000. 97.37% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

DEI has been the topic of several research reports. Piper Sandler boosted their price objective on shares of Douglas Emmett from $15.00 to $16.00 and gave the company a “neutral” rating in a research report on Monday, August 12th. JPMorgan Chase & Co. boosted their price target on Douglas Emmett from $15.00 to $18.00 and gave the company a “neutral” rating in a report on Monday, September 9th. Wells Fargo & Company increased their price objective on Douglas Emmett from $15.00 to $17.00 and gave the stock an “overweight” rating in a report on Wednesday, September 11th. Scotiabank raised Douglas Emmett from a “sector perform” rating to a “sector outperform” rating and lifted their target price for the company from $16.00 to $21.00 in a research report on Thursday, November 14th. Finally, Evercore ISI upped their price target on Douglas Emmett from $16.00 to $19.00 and gave the stock an “in-line” rating in a research report on Thursday, November 7th. Six equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, Douglas Emmett has a consensus rating of “Hold” and an average target price of $17.43.

Douglas Emmett Stock Performance

DEI opened at $19.21 on Friday. The company has a debt-to-equity ratio of 1.51, a quick ratio of 4.09 and a current ratio of 4.09. The business’s 50-day simple moving average is $18.45 and its 200 day simple moving average is $16.05. The firm has a market capitalization of $3.22 billion, a PE ratio of -192.10 and a beta of 1.11. Douglas Emmett, Inc. has a 52-week low of $12.35 and a 52-week high of $19.80.

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 (EPS) for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.38). The company had revenue of $250.75 million for the quarter, compared to the consensus estimate of $242.75 million. Douglas Emmett had a negative return on equity of 0.43% and a negative net margin of 1.68%. The company’s revenue for the quarter was down 1.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.45 EPS. As a group, sell-side analysts expect that Douglas Emmett, Inc. will post 1.7 earnings per share for the current fiscal year.

Douglas Emmett Company 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.