MetLife Investment Management LLC reduced its holdings in shares of Douglas Emmett, Inc. (NYSE:DEI – Get Rating) by 1.2% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 112,751 shares of the real estate investment trust’s stock after selling 1,421 shares during the quarter. MetLife Investment Management LLC owned 0.06% of Douglas Emmett worth $2,022,000 at the end of the most recent reporting period.
Several other large investors have also bought and sold shares of DEI. HighTower Advisors LLC bought a new position in shares of Douglas Emmett in the first quarter worth about $210,000. PNC Financial Services Group Inc. lifted its stake in Douglas Emmett by 16.9% in the 1st quarter. PNC Financial Services Group Inc. now owns 7,420 shares of the real estate investment trust’s stock valued at $248,000 after purchasing an additional 1,071 shares during the last quarter. Natixis Advisors L.P. acquired a new stake in Douglas Emmett in the first quarter valued at approximately $371,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in shares of Douglas Emmett by 10.5% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 64,314 shares of the real estate investment trust’s stock worth $2,149,000 after buying an additional 6,132 shares in the last quarter. Finally, APG Asset Management N.V. bought a new position in shares of Douglas Emmett in the 1st quarter valued at $448,000. 97.25% of the stock is owned by institutional investors and hedge funds.
Douglas Emmett Stock Down 2.0 %
Douglas Emmett stock opened at $14.43 on Monday. The company has a debt-to-equity ratio of 1.21, a quick ratio of 2.54 and a current ratio of 2.77. Douglas Emmett, Inc. has a 52-week low of $14.25 and a 52-week high of $34.70. The firm has a 50 day moving average price of $15.74 and a two-hundred day moving average price of $17.37. The firm has a market cap of $2.54 billion, a price-to-earnings ratio of 26.24, a PEG ratio of 1.42 and a beta of 0.93.
Douglas Emmett Cuts Dividend
Wall Street Analysts Forecast Growth
A number of brokerages recently weighed in on DEI. Wells Fargo & Company reduced their price objective on Douglas Emmett to $18.00 in a research report on Wednesday, December 14th. Jefferies Financial Group downgraded Douglas Emmett from a “hold” rating to an “underperform” rating and lowered their price objective for the company from $17.00 to $13.00 in a research note on Monday, January 2nd. Citigroup cut their target price on shares of Douglas Emmett from $17.00 to $16.00 and set a “neutral” rating on the stock in a research report on Monday, December 12th. Credit Suisse Group lowered shares of Douglas Emmett from an “outperform” rating to a “neutral” rating and set a $16.00 target price on the stock. in a report on Monday, January 9th. Finally, Piper Sandler reaffirmed a “neutral” rating and set a $18.00 price target on shares of Douglas Emmett in a research note on Wednesday, February 8th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, Douglas Emmett currently has a consensus rating of “Hold” and a consensus target price of $21.13.
Douglas Emmett Company Profile
Douglas Emmett, Inc is a real estate investment trust, engages in the acquisition, development, ownership, and management of real estate properties. It operates through the following segments: Office, and Multifamily. The Office segment comprises rental of office space and other tenant services, including parking and storage space rental.
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