Barr E S Co Lowers stake in Douglas Emmett (DEI)

Douglas Emmett (DEI) : Barr E S Co reduced its stake in Douglas Emmett by 3.21% during the most recent quarter end. The investment management company now holds a total of 570,909 shares of Douglas Emmett which is valued at $21,603,197 after selling 18,957 shares in Douglas Emmett , the firm said in a disclosure report filed with the SEC on Aug 12, 2016.Douglas Emmett makes up approximately 2.53% of Barr E S Co’s portfolio.

Other Hedge Funds, Including , Bokf Na reduced its stake in DEI by selling 3,012 shares or 14.08% in the most recent quarter. The Hedge Fund company now holds 18,383 shares of DEI which is valued at $695,613. Douglas Emmett makes up approx 0.02% of Bokf Na’s portfolio.Teachers Advisors Inc boosted its stake in DEI in the latest quarter, The investment management firm added 68,289 additional shares and now holds a total of 200,367 shares of Douglas Emmett which is valued at $7,581,887. Douglas Emmett makes up approx 0.01% of Teachers Advisors Inc’s portfolio.Aew Capital Management L P reduced its stake in DEI by selling 30,200 shares or 2.27% in the most recent quarter. The Hedge Fund company now holds 1,300,761 shares of DEI which is valued at $49,220,796. Douglas Emmett makes up approx 0.97% of Aew Capital Management L P’s portfolio.Standard Life Investments Ltd reduced its stake in DEI by selling 153,442 shares or 44.24% in the most recent quarter. The Hedge Fund company now holds 193,376 shares of DEI which is valued at $7,152,978. Douglas Emmett makes up approx 0.03% of Standard Life Investments Ltd’s portfolio.Ls Investment Advisors boosted its stake in DEI in the latest quarter, The investment management firm added 3,593 additional shares and now holds a total of 8,461 shares of Douglas Emmett which is valued at $311,026. Douglas Emmett makes up approx 0.02% of Ls Investment Advisors’s portfolio.

Douglas Emmett opened for trading at $36.93 and hit $37.4 on the upside on Monday, eventually ending the session at $37.36, with a gain of 1.69% or 0.62 points. The heightened volatility saw the trading volume jump to 5,10,048 shares. Company has a market cap of $5,643 M.

On the company’s financial health, Douglas Emmett reported $0.46 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Aug 2, 2016. Analyst had a consensus of $0.45. The company had revenue of $187.22 million for the quarter, compared to analysts expectations of $181.73 million. The company’s revenue was up 16.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.40 EPS.

Many Wall Street Analysts have commented on Douglas Emmett. Mizuho Downgraded Douglas Emmett on Aug 4, 2016 to ” Neutral”, Price Target of the shares are set at $37.Company shares were Reiterated by DA Davidson on Aug 4, 2016 to “Buy”, Firm has raised the Price Target to $ 45 from a previous price target of $43 .Robert W. Baird Initiated Douglas Emmett on Jun 30, 2016 to “Outperform”, Price Target of the shares are set at $39.

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 California and Hawaii. The Company operates in two segments: Office Properties and Multifamily Properties. The Office Properties segment products include rental of office space and other tenant services including parking and storage space rental. The Multifamily Properties segment products include rental of apartments and other tenant services including parking and storage space rental. The Company owned a consolidated portfolio of approximately 53 office properties and approximately 10 multifamily properties. Its properties are located in the Brentwood Olympic Corridor Century City Beverly Hills Santa Monica Westwood Sherman Oaks/Encino Warner Center/Woodland Hills and Burbank submarkets of Los Angeles County California and in Honolulu Hawaii.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *