SG Americas Securities LLC Cuts Holdings in Douglas Emmett, Inc. (DEI)

SG Americas Securities LLC lessened its holdings in Douglas Emmett, Inc. (NYSE:DEI) by 50.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 25,062 shares of the real estate investment trust’s stock after selling 25,341 shares during the quarter. SG Americas Securities LLC’s holdings in Douglas Emmett were worth $988,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Cambridge Investment Research Advisors Inc. lifted its position in shares of Douglas Emmett by 0.4% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 7,581 shares of the real estate investment trust’s stock worth $290,000 after purchasing an additional 27 shares in the last quarter. Public Employees Retirement Association of Colorado lifted its position in shares of Douglas Emmett by 0.4% in the second quarter. Public Employees Retirement Association of Colorado now owns 34,892 shares of the real estate investment trust’s stock worth $1,333,000 after purchasing an additional 130 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in shares of Douglas Emmett by 0.9% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 21,433 shares of the real estate investment trust’s stock worth $819,000 after purchasing an additional 188 shares in the last quarter. Aperio Group LLC lifted its position in shares of Douglas Emmett by 1.4% in the second quarter. Aperio Group LLC now owns 32,903 shares of the real estate investment trust’s stock worth $1,257,000 after purchasing an additional 439 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. lifted its position in shares of Douglas Emmett by 1.3% in the second quarter. Oppenheimer Asset Management Inc. now owns 39,708 shares of the real estate investment trust’s stock worth $1,517,000 after purchasing an additional 495 shares in the last quarter. 96.50% of the stock is currently owned by institutional investors and hedge funds.

Shares of Douglas Emmett, Inc. (NYSE DEI) opened at $40.54 on Friday. Douglas Emmett, Inc. has a 1 year low of $35.27 and a 1 year high of $41.19. The stock has a market cap of $6,872.54, a price-to-earnings ratio of 21.45, a price-to-earnings-growth ratio of 3.32 and a beta of 0.71.

Douglas Emmett (NYSE:DEI) last posted its quarterly earnings results on Tuesday, November 7th. The real estate investment trust reported $0.48 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.48. Douglas Emmett had a net margin of 11.29% and a return on equity of 2.58%. The firm had revenue of $208.75 million for the quarter, compared to analyst estimates of $203.99 million. During the same period in the prior year, the firm posted $0.47 earnings per share. The company’s quarterly revenue was up 8.7% compared to the same quarter last year. equities analysts predict that Douglas Emmett, Inc. will post 1.9 EPS for the current fiscal year.

In other Douglas Emmett news, Chairman Dan A. Emmett sold 100,000 shares of the company’s stock in a transaction on Friday, September 22nd. The shares were sold at an average price of $38.99, for a total transaction of $3,899,000.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 17.80% of the company’s stock.

DEI has been the topic of a number of research reports. Janney Montgomery Scott initiated coverage on shares of Douglas Emmett in a research report on Friday, September 8th. They issued a “neutral” rating on the stock. Stifel Nicolaus reissued a “buy” rating and issued a $43.00 price objective (up previously from $42.00) on shares of Douglas Emmett in a research report on Thursday, November 9th. Zacks Investment Research lowered shares of Douglas Emmett from a “hold” rating to a “sell” rating in a research report on Monday, October 16th. BidaskClub raised shares of Douglas Emmett from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 26th. Finally, TheStreet raised shares of Douglas Emmett from a “c+” rating to a “b-” rating in a research report on Wednesday, November 15th. Five analysts have rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the company. Douglas Emmett currently has an average rating of “Hold” and a consensus target price of $40.67.

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Douglas Emmett Company Profile

Douglas Emmett, Inc is a self-administered and self-managed real estate investment trust (REIT). The Company is owner and operator of office and multifamily properties located in submarkets in Los Angeles and Honolulu. The Company operates through two segments: the acquisition, development, ownership and management of office real estate (Office Segment), and the acquisition, development, ownership and management of multifamily real estate (Multifamily Segment).

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Institutional Ownership by Quarter for Douglas Emmett (NYSE:DEI)

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