BNP Paribas Financial Markets Has $990,000 Stake in Douglas Emmett, Inc. (NYSE:DEI)

BNP Paribas Financial Markets lessened its holdings in Douglas Emmett, Inc. (NYSE:DEI) by 73.6% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 56,374 shares of the real estate investment trust’s stock after selling 156,774 shares during the period. BNP Paribas Financial Markets’ holdings in Douglas Emmett were worth $990,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Wolverine Asset Management LLC purchased a new position in shares of Douglas Emmett in the 2nd quarter worth approximately $32,000. Venturi Wealth Management LLC purchased a new position in shares of Douglas Emmett in the 3rd quarter worth approximately $48,000. Blue Trust Inc. boosted 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 during the last quarter. GAMMA Investing LLC boosted 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 during the last quarter. Finally, Raleigh Capital Management Inc. boosted 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 during the last quarter. Hedge funds and other institutional investors own 97.37% of the company’s stock.

Douglas Emmett Trading Down 2.2 %

Shares of DEI stock opened at $19.46 on Wednesday. The company’s fifty day simple moving average is $18.57 and its two-hundred day simple moving average is $16.20. 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, Inc. has a 1 year low of $12.35 and a 1 year high of $20.27. The stock has a market capitalization of $3.26 billion, a price-to-earnings ratio of -194.55 and a beta of 1.11.

Douglas Emmett (NYSE:DEI) last issued its earnings results 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). Douglas Emmett had a negative net margin of 1.68% and a negative return on equity of 0.43%. The business had revenue of $250.75 million for the quarter, compared to the consensus estimate of $242.75 million. During the same period in the previous year, the firm earned $0.45 EPS. The company’s revenue was down 1.8% compared to the same quarter last year. As a group, analysts anticipate that Douglas Emmett, Inc. will post 1.7 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on DEI shares. JPMorgan Chase & Co. boosted their target price on Douglas Emmett from $15.00 to $18.00 and gave the stock a “neutral” rating in a research note on Monday, September 9th. Wells Fargo & Company lifted their price target 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 lifted their price target 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. Citigroup lifted their price target 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. Finally, Scotiabank raised shares of Douglas Emmett from a “sector perform” rating to a “sector outperform” rating and lifted their price target for the stock from $16.00 to $21.00 in a report on Thursday, November 14th. Six research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $17.43.

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.