December 1, 2016 - By Ellis Scott · 0 Comments
Douglas Emmett Inc (NYSE:DEI) institutional sentiment increased to 1.23 in Q2 2016. Its up 0.13, from 1.1 in 2016Q1. The ratio is more positive, as 98 institutional investors opened new or increased stock positions, while 89 decreased and sold their positions in Douglas Emmett Inc. The institutional investors in our partner’s database now hold: 145.75 million shares, up from 140.16 million shares in 2016Q1. Also, the number of institutional investors holding Douglas Emmett Inc in their top 10 stock positions was flat from 1 to 1 for the same number . Sold All: 15 Reduced: 74 Increased: 85 New Position: 13.
Douglas Emmett, Inc. is a self-administered and self-managed real estate investment trust. The company has a market cap of $5.41 billion. The Firm is owner and operator of office and multifamily properties located in submarkets in California and Hawaii. It has a 69.49 P/E ratio. The Firm operates in two divisions: the acquisition, development, ownership and management of office real estate, and the acquisition, development, ownership and management of multifamily real estate.
About 573,147 shares traded hands. Douglas Emmett, Inc. (NYSE:DEI) has risen 12.10% since April 28, 2016 and is uptrending. It has outperformed by 6.17% the S&P500.
Analysts await Douglas Emmett, Inc. (NYSE:DEI) to report earnings on February, 14. They expect $0.46 earnings per share, up 12.20% or $0.05 from last year’s $0.41 per share. DEI’s profit will be $68.65 million for 19.70 P/E if the $0.46 EPS becomes a reality. After $0.47 actual earnings per share reported by Douglas Emmett, Inc. for the previous quarter, Wall Street now forecasts -2.13% negative EPS growth.
According to Zacks Investment Research, “DOUGLAS EMMETT INC is a fully integrated, self-administered and self-managed real estate investment trust and one of the largest owners and operators of high-quality office and multifamily properties located in premier submarkets in California and Hawaii. The Company’s properties are concentrated in ten submarkets Brentwood, Olympic Corridor, Century City, Santa Monica, Beverly Hills, Westwood, Sherman Oaks/Encino, Warner Center/Woodland Hills, Burbank and Honolulu. The Company 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.”
Resolution Capital Ltd holds 3.82% of its portfolio in Douglas Emmett, Inc. for 1.64 million shares. Barr E S & Co owns 570,909 shares or 2.45% of their US portfolio. Moreover, Security Capital Research & Management Inc has 2.43% invested in the company for 2.01 million shares. The New York-based Cohen & Steers Inc has invested 1.49% in the stock. Daiwa Securities Group Inc., a Japan-based fund reported 6.98 million shares.#img1#
Insider Transactions: Since January 1, 0001, the stock had 0 insider purchases, and 6 sales for $30.15 million net activity.
Ratings analysis reveals 58% of Douglas Emmett’s analysts are positive. Out of 12 Wall Street analysts rating Douglas Emmett, 7 give it “Buy”, 2 “Sell” rating, while 3 recommend “Hold”. The lowest target is $7 while the high is $39. The stock’s average target of $34 is -6.21% below today’s ($36.25) share price. DEI was included in 28 notes of analysts from August 6, 2015. As per Tuesday, March 15, the company rating was maintained by JP Morgan. The stock has “Buy” rating given by Zacks on Monday, September 7. Zacks upgraded it to “Buy” rating and $34 target price in Monday, September 21 report. The stock of Douglas Emmett, Inc. (NYSE:DEI) earned “Hold” rating by Zacks on Monday, August 31. As per Thursday, November 5, the company rating was maintained by Mizuho. Barclays Capital maintained the shares of DEI in a report on Wednesday, March 23 with “Underweight” rating. Stifel Nicolaus maintained Douglas Emmett, Inc. (NYSE:DEI) on Friday, May 6 with “Sell” rating. Mizuho downgraded the stock to “Neutral” rating in Thursday, August 4 report. On Thursday, February 11 the stock rating was downgraded by Stifel Nicolaus to “Sell”. Barclays Capital maintained the stock with “Underweight” rating in Monday, August 29 report.
Douglas Emmett, Inc., incorporated on June 28, 2005, is a self-administered and self-managed real estate investment trust (REIT). The Firm is owner and operator of office and multifamily properties located in submarkets in California and Hawaii. The Firm operates in two divisions: the acquisition, development, ownership and management of office real estate, and the acquisition, development, ownership and management of multifamily real estate. The services for its office segment include primarily rental of office space and other tenant services, including parking and storage space rental. The services for its multifamily segment include primarily rental of apartments and other tenant services, including parking and storage space rental. It focuses on owning, acquiring developing and managing a substantial share of office properties and multifamily communities in neighborhoods. Through its interest in Douglas Emmett Properties, LP (operating partnership) and its subsidiaries, including its investments in its unconsolidated institutional real estate funds (Funds), it owns or partially owns, develops and manages real estate, consisting primarily of office and multifamily properties.
Another recent and important Douglas Emmett, Inc. (NYSE:DEI) news was published by Prnewswire.com which published an article titled: “Douglas Emmett And QIA Acquire Westwood Office Portfolio” on March 01, 2016.
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By Ellis Scott