New Mexico Educational Retirement Board held its position in Douglas Emmett, Inc. (NYSE:DEI) during the second quarter, Holdings Channel reports. The firm owned 20,953 shares of the real estate investment trust’s stock at the end of the second quarter. New Mexico Educational Retirement Board’s holdings in Douglas Emmett were worth $802,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in DEI. Teachers Advisors LLC boosted its position in Douglas Emmett by 30.1% in the fourth quarter. Teachers Advisors LLC now owns 193,619 shares of the real estate investment trust’s stock valued at $7,079,000 after buying an additional 44,783 shares in the last quarter. Bank of Montreal Can boosted its position in Douglas Emmett by 59.3% in the first quarter. Bank of Montreal Can now owns 204,989 shares of the real estate investment trust’s stock valued at $7,872,000 after buying an additional 76,305 shares in the last quarter. Capstone Asset Management Co. boosted its position in Douglas Emmett by 3.1% in the first quarter. Capstone Asset Management Co. now owns 11,248 shares of the real estate investment trust’s stock valued at $432,000 after buying an additional 340 shares in the last quarter. Louisiana State Employees Retirement System boosted its position in Douglas Emmett by 3.1% in the first quarter. Louisiana State Employees Retirement System now owns 36,700 shares of the real estate investment trust’s stock valued at $1,409,000 after buying an additional 1,100 shares in the last quarter. Finally, Bollard Group LLC boosted its position in Douglas Emmett by 5.6% in the first quarter. Bollard Group LLC now owns 15,788 shares of the real estate investment trust’s stock valued at $606,000 after buying an additional 842 shares in the last quarter. 93.86% of the stock is owned by institutional investors and hedge funds.

Douglas Emmett, Inc. (NYSE DEI) opened at 38.05 on Wednesday. The company has a market capitalization of $5.93 billion, a PE ratio of 65.04 and a beta of 0.69. The firm’s 50-day moving average is $37.98 and its 200-day moving average is $38.50. Douglas Emmett, Inc. has a 52-week low of $33.78 and a 52-week high of $40.79.

Douglas Emmett (NYSE:DEI) last posted its quarterly earnings results on Tuesday, August 1st. The real estate investment trust reported $0.47 earnings per share for the quarter, missing the consensus estimate of $0.48 by $0.01. The firm had revenue of $199.60 million for the quarter, compared to the consensus estimate of $198.60 million. Douglas Emmett had a return on equity of 2.95% and a net margin of 12.00%. The firm’s revenue was up 6.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.46 EPS. On average, equities research analysts forecast that Douglas Emmett, Inc. will post $0.55 EPS for the current year.

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Several equities analysts recently weighed in on DEI shares. Barclays PLC raised their target price on shares of Douglas Emmett from $35.00 to $36.00 and gave the company an “underweight” rating in a research note on Wednesday, April 19th. Zacks Investment Research cut shares of Douglas Emmett from a “buy” rating to a “hold” rating in a research note on Monday, May 8th. DA Davidson cut shares of Douglas Emmett from a “buy” rating to a “neutral” rating and decreased their target price for the company from $45.00 to $43.00 in a research note on Thursday, May 18th. BidaskClub raised shares of Douglas Emmett from a “sell” rating to a “hold” rating in a research note on Thursday, June 15th. Finally, BMO Capital Markets reissued a “hold” rating and issued a $39.00 target price on shares of Douglas Emmett in a research note on Tuesday, July 4th. Four research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $39.56.

In other news, Chairman Dan A. Emmett sold 100,000 shares of the stock in a transaction on Monday, July 24th. The stock was sold at an average price of $37.97, for a total transaction of $3,797,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have sold a total of 300,000 shares of company stock valued at $11,487,000 in the last quarter. 17.80% of the stock is owned by corporate insiders.

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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