American Century Companies Inc. Has $28.94 Million Stake in Douglas Emmett, Inc. (DEI)
American Century Companies Inc. lifted its stake in Douglas Emmett, Inc. (NYSE:DEI) by 10.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 734,221 shares of the real estate investment trust’s stock after acquiring an additional 71,596 shares during the period. American Century Companies Inc. owned approximately 0.45% of Douglas Emmett worth $28,943,000 at the end of the most recent reporting period.
Other institutional investors also recently bought and sold shares of the company. Schwab Charles Investment Management Inc. boosted its holdings 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 acquiring an additional 123,287 shares during the period. Legal & General Group Plc increased its holdings in shares of Douglas Emmett by 11.1% in the second quarter. Legal & General Group Plc now owns 751,696 shares of the real estate investment trust’s stock worth $28,723,000 after buying an additional 75,369 shares during the period. Canada Pension Plan Investment Board increased its holdings 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 period. Capital Fund Management S.A. purchased a new position in shares of Douglas Emmett in the second quarter worth about $1,709,000. Finally, BlackRock Inc. increased its holdings in shares of Douglas Emmett by 3.6% in the second quarter. BlackRock Inc. now owns 16,639,474 shares of the real estate investment trust’s stock worth $635,797,000 after buying an additional 576,163 shares during the period. 95.88% of the stock is owned by hedge funds and other institutional investors.
Shares of Douglas Emmett, Inc. (DEI) opened at $40.65 on Wednesday. The firm has a market capitalization of $6,867.47, a P/E ratio of 21.43, a price-to-earnings-growth ratio of 3.25 and a beta of 0.72. Douglas Emmett, Inc. has a 12-month low of $34.34 and a 12-month high of $41.12.
Douglas Emmett (NYSE:DEI) last posted its quarterly earnings data on Tuesday, November 7th. The real estate investment trust reported $0.48 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.48. The business had revenue of $208.75 million for the quarter, compared to analysts’ expectations of $203.99 million. Douglas Emmett had a return on equity of 2.58% and a net margin of 11.29%. The business’s revenue was up 8.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.47 EPS. equities analysts predict that Douglas Emmett, Inc. will post 1.9 EPS for the current year.
In other Douglas Emmett news, Chairman Dan A. Emmett sold 100,000 shares of Douglas Emmett stock in a transaction that occurred on Friday, September 22nd. The stock was sold at an average price of $38.99, for a total transaction of $3,899,000.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 17.80% of the company’s stock.
Several research firms have recently commented on DEI. downgraded Douglas Emmett from a “hold” rating to a “sell” rating in a report on Monday, October 16th. boosted their price target on Douglas Emmett from $45.00 to $47.00 and gave the company an “outperform” rating in a report on Friday, November 10th. restated a “buy” rating and set a $43.00 price target (up previously from $42.00) on shares of Douglas Emmett in a report on Thursday, November 9th. restated a “hold” rating and set a $41.00 price target on shares of Douglas Emmett in a report on Friday, October 27th. Finally, KeyCorp restated a “hold” rating on shares of Douglas Emmett in a report on Sunday, September 24th. Five research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $40.60.
Douglas Emmett 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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