Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lowered its position in Douglas Emmett, Inc. (NYSE:DEI) by 2.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 21,861 shares of the real estate investment trust’s stock after selling 563 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in Douglas Emmett were worth $835,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in DEI. Boston Partners raised its position in shares of Douglas Emmett by 4.1% in the second quarter. Boston Partners now owns 4,068,799 shares of the real estate investment trust’s stock worth $155,468,000 after buying an additional 161,450 shares during the last quarter. Schwab Charles Investment Management Inc. raised its position in shares of Douglas Emmett by 10.4% in the second 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 buying an additional 123,287 shares during the last quarter. Canada Pension Plan Investment Board raised its position in shares of Douglas Emmett by 35.6% in the second quarter. Canada Pension Plan Investment Board now owns 29,700 shares of the real estate investment trust’s stock worth $1,135,000 after buying an additional 7,800 shares during the last quarter. Honeywell International Inc. acquired a new position in shares of Douglas Emmett during the second quarter worth about $523,000. Finally, Retirement Systems of Alabama raised its position in shares of Douglas Emmett by 0.8% in the second quarter. Retirement Systems of Alabama now owns 189,320 shares of the real estate investment trust’s stock worth $7,234,000 after buying an additional 1,556 shares during the last quarter. Hedge funds and other institutional investors own 93.86% of the company’s stock.

Douglas Emmett, Inc. (DEI) opened at 37.96 on Tuesday. The stock’s 50 day moving average is $37.94 and its 200 day moving average is $38.51. Douglas Emmett, Inc. has a 1-year low of $33.78 and a 1-year high of $40.79. The company has a market cap of $6.18 billion, a P/E ratio of 64.89 and a beta of 0.69.

Douglas Emmett (NYSE:DEI) last released its quarterly earnings results on Tuesday, August 1st. The real estate investment trust reported $0.47 EPS for the quarter, missing the Zacks’ consensus estimate of $0.48 by $0.01. The company had revenue of $199.60 million during the quarter, compared to analysts’ expectations of $198.60 million. Douglas Emmett had a return on equity of 2.95% and a net margin of 12.00%. Douglas Emmett’s quarterly revenue was up 6.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.46 EPS. Equities analysts anticipate that Douglas Emmett, Inc. will post $0.55 earnings per share for the current fiscal year.

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A number of research analysts have issued reports on the stock. BidaskClub lowered shares of Douglas Emmett from a “sell” rating to a “strong sell” rating in a research report on Wednesday, August 9th. Stifel Nicolaus upgraded shares of Douglas Emmett from a “hold” rating to a “buy” rating and increased their price target for the stock from $38.00 to $42.00 in a research report on Tuesday, August 8th. Zacks Investment Research lowered shares of Douglas Emmett from a “buy” rating to a “hold” rating in a research report on Friday, August 4th. Barclays PLC reduced their price target on shares of Douglas Emmett from $36.00 to $35.00 and set an “underweight” rating on the stock in a research report on Tuesday, July 18th. Finally, BMO Capital Markets reiterated a “hold” rating and set a $39.00 price target on shares of Douglas Emmett in a research report on Tuesday, July 4th. Four equities research analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the company’s stock. Douglas Emmett has a consensus rating of “Hold” and an average price target of $39.56.

In other news, Chairman Dan A. Emmett sold 100,000 shares of the business’s stock in a transaction that occurred on Monday, July 24th. The shares were sold at an average price of $37.97, for a total value of $3,797,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last 90 days, insiders sold 300,000 shares of company stock valued at $11,490,000. Company insiders own 17.80% of the company’s stock.

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).

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

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