Douglas Emmett, Inc. (NYSE:DEI) Shares Acquired by Nomura Asset Management Co. Ltd.

Nomura Asset Management Co. Ltd. increased its position in shares of Douglas Emmett, Inc. (NYSE:DEI) by 0.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 211,400 shares of the real estate investment trust’s stock after acquiring an additional 1,300 shares during the period. Nomura Asset Management Co. Ltd. owned about 0.13% of Douglas Emmett worth $3,714,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of DEI. Massachusetts Financial Services Co. MA lifted its position in shares of Douglas Emmett by 2.1% during the second quarter. Massachusetts Financial Services Co. MA now owns 8,090,198 shares of the real estate investment trust’s stock worth $107,681,000 after purchasing an additional 165,425 shares in the last quarter. Bamco Inc. NY lifted its holdings in Douglas Emmett by 0.3% during the 3rd quarter. Bamco Inc. NY now owns 6,389,444 shares of the real estate investment trust’s stock worth $112,263,000 after buying an additional 20,000 shares in the last quarter. FMR LLC boosted its position in Douglas Emmett by 8.5% in the 3rd quarter. FMR LLC now owns 4,883,814 shares of the real estate investment trust’s stock valued at $85,809,000 after buying an additional 384,371 shares during the period. Charles Schwab Investment Management Inc. grew its stake in shares of Douglas Emmett by 3.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 3,797,822 shares of the real estate investment trust’s stock worth $66,728,000 after acquiring an additional 127,274 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of Douglas Emmett by 8.1% during the second quarter. Dimensional Fund Advisors LP now owns 2,495,263 shares of the real estate investment trust’s stock worth $33,212,000 after acquiring an additional 186,385 shares during the period. 97.37% of the stock is currently owned by hedge funds and other institutional investors.

Douglas Emmett Trading Up 1.3 %

Shares of Douglas Emmett stock opened at $19.97 on Friday. The company has a current ratio of 4.09, a quick ratio of 4.09 and a debt-to-equity ratio of 1.51. The company has a fifty day simple moving average of $18.66 and a 200-day simple moving average of $16.25. The stock has a market cap of $3.34 billion, a price-to-earnings ratio of -199.65 and a beta of 1.11. Douglas Emmett, Inc. has a 12-month low of $12.35 and a 12-month high of $20.27.

Douglas Emmett (NYSE:DEI) last released its quarterly earnings data on Monday, November 4th. The real estate investment trust reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.38). Douglas Emmett had a negative net margin of 1.68% and a negative return on equity of 0.43%. The company had revenue of $250.75 million during the quarter, compared to analyst estimates of $242.75 million. During the same quarter in the prior year, the company earned $0.45 EPS. The business’s revenue was down 1.8% on a year-over-year basis. On average, equities analysts forecast that Douglas Emmett, Inc. will post 1.7 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms recently commented on DEI. Scotiabank raised Douglas Emmett from a “sector perform” rating to a “sector outperform” rating and boosted their target price for the stock from $16.00 to $21.00 in a research note on Thursday, November 14th. Citigroup raised their target price on shares of Douglas Emmett from $14.00 to $16.00 and gave the company a “neutral” rating in a report on Thursday, September 12th. Wells Fargo & Company boosted their price target on shares of Douglas Emmett from $15.00 to $17.00 and gave the stock an “overweight” rating in a report on Wednesday, September 11th. Evercore ISI raised their price objective on shares of Douglas Emmett from $16.00 to $19.00 and gave the company an “in-line” rating in a report on Thursday, November 7th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Douglas Emmett from $15.00 to $18.00 and gave the stock a “neutral” rating in a research report on Monday, September 9th. Six analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $17.43.

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.