Douglas Emmett, Inc. (DEI) Shares Sold by Standard Life Aberdeen plc

Standard Life Aberdeen plc lessened its holdings in shares of Douglas Emmett, Inc. (NYSE:DEI) by 0.5% in the third quarter, according to its most recent filing with the SEC. The firm owned 1,070,500 shares of the real estate investment trust’s stock after selling 5,501 shares during the period. Standard Life Aberdeen plc’s holdings in Douglas Emmett were worth $40,384,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. BlackRock Inc. grew its holdings in Douglas Emmett by 2.6% during the 3rd quarter. BlackRock Inc. now owns 19,613,474 shares of the real estate investment trust’s stock worth $739,819,000 after acquiring an additional 504,234 shares during the period. Cbre Clarion Securities LLC grew its holdings in Douglas Emmett by 226.1% during the 2nd quarter. Cbre Clarion Securities LLC now owns 6,615,753 shares of the real estate investment trust’s stock worth $265,821,000 after acquiring an additional 4,587,109 shares during the period. Boston Partners grew its holdings in Douglas Emmett by 2.6% during the 2nd quarter. Boston Partners now owns 4,450,250 shares of the real estate investment trust’s stock worth $178,811,000 after acquiring an additional 112,228 shares during the period. JPMorgan Chase & Co. grew its holdings in Douglas Emmett by 15.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,221,607 shares of the real estate investment trust’s stock worth $159,239,000 after acquiring an additional 569,703 shares during the period. Finally, Dimensional Fund Advisors LP grew its holdings in Douglas Emmett by 2.8% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,448,527 shares of the real estate investment trust’s stock worth $92,355,000 after acquiring an additional 65,590 shares during the period. 92.38% of the stock is owned by hedge funds and other institutional investors.

Shares of NYSE:DEI opened at $36.92 on Monday. The company has a current ratio of 1.96, a quick ratio of 1.96 and a debt-to-equity ratio of 1.05. Douglas Emmett, Inc. has a one year low of $34.72 and a one year high of $41.59. The stock has a market cap of $6.27 billion, a price-to-earnings ratio of 19.43, a price-to-earnings-growth ratio of 2.76 and a beta of 0.62.

Douglas Emmett (NYSE:DEI) last issued its quarterly earnings results on Thursday, November 1st. The real estate investment trust reported $0.18 EPS for the quarter, missing the consensus estimate of $0.51 by ($0.33). Douglas Emmett had a return on equity of 3.06% and a net margin of 14.32%. The business had revenue of $223.30 million for the quarter, compared to the consensus estimate of $222.50 million. During the same period last year, the firm earned $0.48 earnings per share. The company’s quarterly revenue was up 7.0% compared to the same quarter last year. As a group, equities analysts forecast that Douglas Emmett, Inc. will post 2.02 EPS for the current fiscal year.

A number of analysts have commented on DEI shares. Sandler O’Neill raised shares of Douglas Emmett from a “hold” rating to a “buy” rating and set a $42.00 target price for the company in a report on Thursday, November 15th. Zacks Investment Research raised shares of Douglas Emmett from a “hold” rating to a “buy” rating and set a $42.00 price target for the company in a report on Wednesday, October 3rd. Bank of America decreased their price target on shares of Douglas Emmett from $44.00 to $42.50 and set a “buy” rating for the company in a report on Monday, September 10th. Citigroup boosted their price target on shares of Douglas Emmett from $38.00 to $39.00 and gave the company a “neutral” rating in a report on Wednesday, August 8th. Finally, Raymond James decreased their price target on shares of Douglas Emmett from $44.00 to $42.00 and set an “outperform” rating for the company in a report on Monday, November 5th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and six have assigned a buy rating to the company’s stock. Douglas Emmett presently has an average rating of “Hold” and a consensus price target of $41.45.

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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.

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

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