Captrust Financial Advisors Acquires New Position in Douglas Emmett, Inc. (NYSE:DEI)

Captrust Financial Advisors acquired a new stake in shares of Douglas Emmett, Inc. (NYSE:DEI) during the 3rd quarter, Holdings Channel reports. The fund acquired 11,998 shares of the real estate investment trust’s stock, valued at approximately $211,000.

Several other institutional investors also recently bought and sold shares of DEI. The Manufacturers Life Insurance Company boosted its position in Douglas Emmett by 3.6% in the second quarter. The Manufacturers Life Insurance Company now owns 91,554 shares of the real estate investment trust’s stock worth $1,219,000 after purchasing an additional 3,183 shares during the last quarter. Intech Investment Management LLC purchased a new position in shares of Douglas Emmett during the 3rd quarter valued at about $650,000. Charles Schwab Investment Management Inc. lifted its position in shares of Douglas Emmett by 3.5% during the 3rd 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 in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Douglas Emmett by 8.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,495,263 shares of the real estate investment trust’s stock valued at $33,212,000 after buying an additional 186,385 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Douglas Emmett by 34.8% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 6,497 shares of the real estate investment trust’s stock valued at $114,000 after buying an additional 1,677 shares in the last quarter. 97.37% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

DEI has been the topic of a number of analyst reports. JPMorgan Chase & Co. lifted their price objective on Douglas Emmett from $15.00 to $18.00 and gave the company a “neutral” rating in a research report on Monday, September 9th. Scotiabank raised Douglas Emmett from a “sector perform” rating to a “sector outperform” rating and lifted their price objective for the company from $16.00 to $21.00 in a research report on Thursday, November 14th. Evercore ISI boosted their price target on Douglas Emmett from $16.00 to $19.00 and gave the stock an “in-line” rating in a report on Thursday, November 7th. Citigroup boosted their price target on Douglas Emmett from $14.00 to $16.00 and gave the stock a “neutral” rating in a report on Thursday, September 12th. Finally, Wells Fargo & Company boosted their price target on Douglas Emmett from $15.00 to $17.00 and gave the stock an “overweight” rating in a report on Wednesday, September 11th. Six research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, Douglas Emmett presently has a consensus rating of “Hold” and a consensus price target of $17.43.

Douglas Emmett Price Performance

DEI opened at $20.28 on Tuesday. The business has a fifty day moving average of $18.70 and a 200 day moving average of $16.34. Douglas Emmett, Inc. has a 52-week low of $12.35 and a 52-week high of $20.38. The company has a quick ratio of 4.09, a current ratio of 4.09 and a debt-to-equity ratio of 1.51. The stock has a market cap of $3.40 billion, a P/E ratio of -202.80 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 for the quarter, missing the consensus estimate of $0.41 by ($0.38). Douglas Emmett had a negative return on equity of 0.43% and a negative net margin of 1.68%. The firm had revenue of $250.75 million during the quarter, compared to analysts’ expectations of $242.75 million. During the same quarter in the prior year, the company posted $0.45 earnings per share. Douglas Emmett’s quarterly revenue was down 1.8% compared to the same quarter last year. As a group, sell-side analysts anticipate that Douglas Emmett, Inc. will post 1.7 EPS for the current year.

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.