Creative Planning raised its holdings in Douglas Emmett, Inc. (NYSE:DEI – Free Report) by 25.4% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 35,528 shares of the real estate investment trust’s stock after acquiring an additional 7,203 shares during the quarter. Creative Planning’s holdings in Douglas Emmett were worth $447,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in DEI. Cibc World Markets Corp increased its position in shares of Douglas Emmett by 0.7% during the first quarter. Cibc World Markets Corp now owns 88,337 shares of the real estate investment trust’s stock worth $2,952,000 after buying an additional 610 shares during the period. Centersquare Investment Management LLC increased its position in shares of Douglas Emmett by 0.3% during the first quarter. Centersquare Investment Management LLC now owns 218,255 shares of the real estate investment trust’s stock worth $7,294,000 after buying an additional 635 shares during the period. Thrivent Financial for Lutherans increased its position in shares of Douglas Emmett by 0.8% during the second quarter. Thrivent Financial for Lutherans now owns 97,549 shares of the real estate investment trust’s stock worth $2,183,000 after buying an additional 761 shares during the period. Van ECK Associates Corp increased its position in shares of Douglas Emmett by 5.5% during the first quarter. Van ECK Associates Corp now owns 18,594 shares of the real estate investment trust’s stock worth $229,000 after buying an additional 963 shares during the period. Finally, PNC Financial Services Group Inc. increased its position in shares of Douglas Emmett by 16.9% during the first quarter. PNC Financial Services Group Inc. now owns 7,420 shares of the real estate investment trust’s stock worth $248,000 after buying an additional 1,071 shares during the period. 97.37% of the stock is currently owned by institutional investors and hedge funds.
Douglas Emmett Stock Down 0.7 %
DEI opened at $11.40 on Friday. The company has a debt-to-equity ratio of 1.29, a current ratio of 2.67 and a quick ratio of 2.67. The company’s 50-day moving average is $12.90 and its 200 day moving average is $12.73. Douglas Emmett, Inc. has a fifty-two week low of $10.09 and a fifty-two week high of $18.24. The firm has a market capitalization of $1.90 billion, a P/E ratio of 34.55 and a beta of 0.99.
Douglas Emmett Dividend Announcement
Wall Street Analyst Weigh In
Several research firms have recently weighed in on DEI. Piper Sandler cut shares of Douglas Emmett from an “overweight” rating to a “neutral” rating and set a $15.00 price objective for the company. in a research report on Tuesday, September 5th. Evercore ISI reduced their price target on shares of Douglas Emmett from $15.00 to $13.00 in a report on Monday, October 9th. Bank of America cut shares of Douglas Emmett from a “neutral” rating to an “underperform” rating and reduced their price target for the stock from $12.00 to $10.00 in a report on Tuesday, August 8th. Raymond James reduced their price target on shares of Douglas Emmett from $17.00 to $16.00 and set an “outperform” rating for the company in a report on Friday, August 4th. Finally, Wedbush began coverage on shares of Douglas Emmett in a report on Tuesday, October 3rd. They issued a “neutral” rating and a $13.00 price target for the company. Four investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $14.09.
Get Our Latest Analysis on DEI
About Douglas Emmett
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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