Dupont Capital Management Corp grew its stake in Douglas Emmett, Inc. (NYSE:DEI) by 38.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 57,886 shares of the real estate investment trust’s stock after acquiring an additional 16,129 shares during the period. Dupont Capital Management Corp’s holdings in Douglas Emmett were worth $1,976,000 at the end of the most recent reporting period.
Other hedge funds also recently modified their holdings of the company. Rhumbline Advisers increased its stake in shares of Douglas Emmett by 38.9% in the fourth quarter. Rhumbline Advisers now owns 453,078 shares of the real estate investment trust’s stock worth $15,464,000 after acquiring an additional 126,829 shares during the period. Xact Kapitalforvaltning AB increased its holdings in shares of Douglas Emmett by 21.6% in the fourth quarter. Xact Kapitalforvaltning AB now owns 22,560 shares of the real estate investment trust’s stock worth $770,000 after acquiring an additional 4,000 shares in the last quarter. Oppenheimer Asset Management Inc. grew its holdings in shares of Douglas Emmett by 10.9% during the fourth quarter. Oppenheimer Asset Management Inc. now owns 19,790 shares of the real estate investment trust’s stock worth $675,000 after buying an additional 1,953 shares in the last quarter. Pendal Group Ltd grew its holdings in shares of Douglas Emmett by 62.4% during the fourth quarter. Pendal Group Ltd now owns 69,650 shares of the real estate investment trust’s stock worth $2,364,000 after buying an additional 26,750 shares in the last quarter. Finally, Massey Quick Simon & CO. LLC grew its holdings in shares of Douglas Emmett by 89.7% during the fourth quarter. Massey Quick Simon & CO. LLC now owns 18,400 shares of the real estate investment trust’s stock worth $628,000 after buying an additional 8,700 shares in the last quarter. Institutional investors and hedge funds own 92.11% of the company’s stock.
Shares of DEI opened at $38.48 on Friday. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.96 and a quick ratio of 1.96. The company has a market cap of $6.54 billion, a price-to-earnings ratio of 20.25, a P/E/G ratio of 2.77 and a beta of 0.79. Douglas Emmett, Inc. has a 52 week low of $32.32 and a 52 week high of $40.86.
A number of equities analysts have commented on DEI shares. Zacks Investment Research upgraded Douglas Emmett from a “sell” rating to a “hold” rating in a research note on Wednesday. Barclays raised Douglas Emmett from an “underweight” rating to an “equal weight” rating and lifted their target price for the stock from $37.00 to $39.00 in a report on Monday, February 4th. Wells Fargo & Co set a $37.00 price objective on Douglas Emmett and gave the company a “positive” rating in a research note on Wednesday, January 16th. Janney Montgomery Scott raised Douglas Emmett from a “neutral” rating to a “buy” rating and set a $42.00 target price for the company in a research report on Wednesday, December 19th. Finally, Scotiabank lowered Douglas Emmett from an “outperform” rating to a “sector perform” rating in a research report on Tuesday, December 18th. Seven investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $40.83.
In related news, Director William E. Simon, Jr. acquired 8,700 shares of the firm’s stock in a transaction on Thursday, December 20th. The stock was purchased at an average cost of $34.17 per share, with a total value of $297,279.00. Following the acquisition, the director now owns 18,400 shares of the company’s stock, valued at approximately $628,728. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 16.20% of the company’s stock.
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Douglas Emmett Company 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.
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