Janus Henderson Group PLC Raises Position in Douglas Emmett, Inc. (DEI)

Janus Henderson Group PLC boosted its holdings in Douglas Emmett, Inc. (NYSE:DEI) by 108.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 286,240 shares of the real estate investment trust’s stock after buying an additional 148,700 shares during the quarter. Janus Henderson Group PLC owned approximately 0.17% of Douglas Emmett worth $11,284,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Canada Pension Plan Investment Board raised its holdings in Douglas Emmett by 35.6% during the 2nd quarter. Canada Pension Plan Investment Board now owns 29,700 shares of the real estate investment trust’s stock worth $1,135,000 after purchasing an additional 7,800 shares during the last quarter. Schwab Charles Investment Management Inc. raised its holdings in Douglas Emmett by 10.4% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 1,304,547 shares of the real estate investment trust’s stock worth $49,847,000 after purchasing an additional 123,287 shares during the last quarter. State of Wisconsin Investment Board raised its holdings in Douglas Emmett by 3.5% during the 2nd quarter. State of Wisconsin Investment Board now owns 28,919 shares of the real estate investment trust’s stock worth $1,105,000 after purchasing an additional 990 shares during the last quarter. Legal & General Group Plc raised its holdings in Douglas Emmett by 11.1% during the 2nd quarter. Legal & General Group Plc now owns 751,696 shares of the real estate investment trust’s stock worth $28,723,000 after purchasing an additional 75,369 shares during the last quarter. Finally, Comerica Bank raised its holdings in Douglas Emmett by 1.6% during the 2nd quarter. Comerica Bank now owns 114,300 shares of the real estate investment trust’s stock worth $4,332,000 after purchasing an additional 1,852 shares during the last quarter. Institutional investors and hedge funds own 96.42% of the company’s stock.

Several research analysts have issued reports on DEI shares. Janney Montgomery Scott started coverage on shares of Douglas Emmett in a report on Friday, September 8th. They set a “neutral” rating for the company. Stifel Nicolaus restated a “buy” rating and set a $42.00 price target on shares of Douglas Emmett in a report on Thursday, September 21st. KeyCorp restated a “hold” rating on shares of Douglas Emmett in a report on Sunday, September 24th. Zacks Investment Research downgraded shares of Douglas Emmett from a “hold” rating to a “sell” rating in a research report on Monday, October 16th. Finally, Mizuho reaffirmed a “hold” rating and set a $41.00 price objective on shares of Douglas Emmett in a research report on Friday, October 27th. Four analysts have rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company. Douglas Emmett has an average rating of “Hold” and an average target price of $41.38.

Shares of Douglas Emmett, Inc. (NYSE:DEI) opened at $40.62 on Tuesday. The company has a market cap of $6,886.12, a P/E ratio of 76.64, a PEG ratio of 3.35 and a beta of 0.71. Douglas Emmett, Inc. has a 52-week low of $35.33 and a 52-week high of $41.59.

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

The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 15th. Stockholders of record on Friday, December 29th will be given a dividend of $0.25 per share. This is an increase from Douglas Emmett’s previous quarterly dividend of $0.23. The ex-dividend date is Thursday, December 28th. This represents a $1.00 annualized dividend and a dividend yield of 2.46%. Douglas Emmett’s dividend payout ratio (DPR) is 173.59%.

COPYRIGHT VIOLATION WARNING: This article was originally published by Community Financial News and is the sole property of of Community Financial News. If you are accessing this article on another site, it was illegally stolen and republished in violation of US & international trademark & copyright legislation. The original version of this article can be viewed at https://www.com-unik.info/2017/12/26/janus-henderson-group-plc-raises-position-in-douglas-emmett-inc-dei.html.

About Douglas Emmett

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).

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

Receive News & Ratings for Douglas Emmett Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Douglas Emmett and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit