Douglas Emmett, Inc. (DEI) Shares Bought by NN Investment Partners Holdings N.V.

NN Investment Partners Holdings N.V. increased its stake in Douglas Emmett, Inc. (NYSE:DEI) by 40.6% during the third quarter, according to its most recent filing with the SEC. The fund owned 711,263 shares of the real estate investment trust’s stock after buying an additional 205,263 shares during the quarter. NN Investment Partners Holdings N.V. owned 0.42% of Douglas Emmett worth $26,828,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Xact Kapitalforvaltning AB increased its position in shares of Douglas Emmett by 50.2% during the first quarter. Xact Kapitalforvaltning AB now owns 13,460 shares of the real estate investment trust’s stock valued at $495,000 after buying an additional 4,500 shares during the period. Principal Financial Group Inc. increased its position in shares of Douglas Emmett by 2.6% during the first quarter. Principal Financial Group Inc. now owns 701,108 shares of the real estate investment trust’s stock valued at $25,773,000 after buying an additional 17,944 shares during the period. Allianz Asset Management GmbH increased its position in shares of Douglas Emmett by 18.6% during the first quarter. Allianz Asset Management GmbH now owns 433,685 shares of the real estate investment trust’s stock valued at $15,942,000 after buying an additional 68,119 shares during the period. Meag Munich Ergo Kapitalanlagegesellschaft MBH increased its position in shares of Douglas Emmett by 6.4% during the second quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH now owns 229,460 shares of the real estate investment trust’s stock valued at $9,156,000 after buying an additional 13,900 shares during the period. Finally, BNP Paribas Arbitrage SA increased its position in shares of Douglas Emmett by 10.7% during the second quarter. BNP Paribas Arbitrage SA now owns 44,266 shares of the real estate investment trust’s stock valued at $1,779,000 after buying an additional 4,286 shares during the period. 95.26% of the stock is currently owned by institutional investors.

DEI has been the topic of several research analyst reports. Scotiabank initiated coverage on shares of Douglas Emmett in a research report on Tuesday, October 16th. They issued an “outperform” rating on the stock. Zacks Investment Research cut shares of Douglas Emmett from a “buy” rating to a “hold” rating in a research report on Friday, October 12th. Bank of America decreased their price objective on shares of Douglas Emmett from $44.00 to $42.50 and set a “buy” rating on the stock in a research report on Monday, September 10th. Barclays upped their price objective on shares of Douglas Emmett from $38.00 to $39.00 and gave the stock an “underweight” rating in a research report on Thursday, August 30th. Finally, Citigroup upped their price objective on shares of Douglas Emmett from $38.00 to $39.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 8th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $41.55.

Shares of DEI opened at $36.22 on Tuesday. The company has a market capitalization of $6.06 billion, a price-to-earnings ratio of 19.06, a PEG ratio of 2.62 and a beta of 0.60. The company has a quick ratio of 2.30, a current ratio of 2.30 and a debt-to-equity ratio of 1.04. Douglas Emmett, Inc. has a 1 year low of $34.72 and a 1 year high of $41.59.

Douglas Emmett (NYSE:DEI) last issued its earnings results on Tuesday, July 31st. The real estate investment trust reported $0.19 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.50 by ($0.31). The firm had revenue of $219.47 million during the quarter, compared to analysts’ expectations of $215.12 million. Douglas Emmett had a return on equity of 2.96% and a net margin of 13.94%. Sell-side analysts anticipate that Douglas Emmett, Inc. will post 2.02 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 16th. Shareholders of record on Friday, September 28th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 2.76%. The ex-dividend date was Thursday, September 27th. Douglas Emmett’s dividend payout ratio is currently 52.63%.

Douglas Emmett Company Profile

Douglas Emmett, Inc (DEI) is a fully integrated, self-administered and self-managed real estate investment trust (REIT), and one of the largest owners and operators of high-quality office and multifamily properties located in the premier coastal submarkets of Los Angeles and Honolulu. Douglas Emmett focuses on owning and acquiring a substantial share of top-tier office properties and premier multifamily communities in neighborhoods that possess significant supply constraints, high-end executive housing and key lifestyle amenities.

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

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