Douglas Emmett (DEI) : Weiss Multi-strategy Advisers added new position in Douglas Emmett during the most recent quarter end. The investment management firm now holds 1,150,670 shares of Douglas Emmett which is valued at $43,541,353 , the company said in a statement filed on Aug 15, 2016 with the SEC.Douglas Emmett makes up approximately 1.94% of Weiss Multi-strategy Advisers’s portfolio.
Other Hedge Funds, Including , Heitman Real Estate Securities reduced its stake in DEI by selling 88,611 shares or 42.46% in the most recent quarter. The Hedge Fund company now holds 120,059 shares of DEI which is valued at $4,543,033. Douglas Emmett makes up approx 0.23% of Heitman Real Estate Securities’s portfolio.Comerica Bank boosted its stake in DEI in the latest quarter, The investment management firm added 2,970 additional shares and now holds a total of 96,984 shares of Douglas Emmett which is valued at $3,669,875. Douglas Emmett makes up approx 0.03% of Comerica Bank’s portfolio. Cbre Clarion Securities sold out all of its stake in DEI during the most recent quarter. The investment firm sold 1,935,572 shares of DEI which is valued $73,242,044.Quadrant Capital Group boosted its stake in DEI in the latest quarter, The investment management firm added 44 additional shares and now holds a total of 338 shares of Douglas Emmett which is valued at $12,858. Douglas Emmett makes up approx 0.01% of Quadrant Capital Group’s portfolio.Public Employees Retirement Association Of Colorado reduced its stake in DEI by selling 5,659 shares or 13.53% in the most recent quarter. The Hedge Fund company now holds 36,174 shares of DEI which is valued at $1,376,059. Douglas Emmett makes up approx 0.01% of Public Employees Retirement Association Of Colorado’s portfolio.
Douglas Emmett closed down -0.05 points or -0.13% at $37.51 with 6,66,935 shares getting traded on Thursday. Post opening the session at $37.62, the shares hit an intraday low of $37.24 and an intraday high of $37.72 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.
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.