Oppenheimer & Co. Inc. Has $366,000 Position in Douglas Emmett Inc. (DEI)
Oppenheimer & Co. Inc. maintained its stake in Douglas Emmett Inc. (NYSE:DEI) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 10,300 shares of the real estate investment trust’s stock at the end of the second quarter. Oppenheimer & Co. Inc.’s holdings in Douglas Emmett were worth $366,000 at the end of the most recent quarter.
Other large investors have also added to or reduced their stakes in the company. Cambridge Investment Research Advisors Inc. boosted its position in shares of Douglas Emmett by 0.6% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 7,400 shares of the real estate investment trust’s stock valued at $263,000 after buying an additional 47 shares during the last quarter. BlackRock Japan Co. Ltd boosted its position in Douglas Emmett by 1.3% in the first quarter. BlackRock Japan Co. Ltd now owns 7,430 shares of the real estate investment trust’s stock worth $224,000 after buying an additional 93 shares during the last quarter. Capstone Asset Management Co. boosted its position in Douglas Emmett by 1.1% in the second quarter. Capstone Asset Management Co. now owns 11,358 shares of the real estate investment trust’s stock worth $403,000 after buying an additional 120 shares during the last quarter. Bollard Group LLC boosted its position in Douglas Emmett by 0.6% in the second quarter. Bollard Group LLC now owns 25,859 shares of the real estate investment trust’s stock worth $919,000 after buying an additional 163 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Douglas Emmett by 1.1% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 31,301 shares of the real estate investment trust’s stock worth $1,112,000 after buying an additional 332 shares during the last quarter. 97.89% of the stock is currently owned by institutional investors.
Shares of Douglas Emmett Inc. (NYSE:DEI) traded up 0.08% during trading on Tuesday, hitting $36.26. The stock had a trading volume of 190,893 shares. Douglas Emmett Inc. has a 52-week low of $24.73 and a 52-week high of $38.71. The firm has a market cap of $5.48 billion, a price-to-earnings ratio of 92.03 and a beta of 0.91. The firm’s 50-day moving average is $37.27 and its 200 day moving average is $34.03.
Douglas Emmett (NYSE:DEI) last issued its earnings results on Tuesday, August 2nd. The real estate investment trust reported $0.46 EPS for the quarter, topping analysts’ consensus estimates of $0.45 by $0.01. Douglas Emmett had a return on equity of 2.45% and a net margin of 8.88%. The firm had revenue of $187.22 million for the quarter, compared to the consensus estimate of $177.61 million. During the same quarter in the prior year, the business earned $0.40 earnings per share. The company’s revenue was up 16.7% compared to the same quarter last year. On average, analysts expect that Douglas Emmett Inc. will post $1.79 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, October 14th. Stockholders of record on Friday, September 30th will be paid a $0.22 dividend. The ex-dividend date of this dividend is Wednesday, September 28th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.43%. Douglas Emmett’s payout ratio is 225.65%.
A number of research analysts have recently weighed in on the company. Barclays PLC lifted their price objective on Douglas Emmett from $33.00 to $35.00 and gave the company an “underweight” rating in a research report on Monday, August 29th. BTIG Research assumed coverage on Douglas Emmett in a research report on Thursday, August 25th. They set a “neutral” rating on the stock. Zacks Investment Research cut Douglas Emmett from a “buy” rating to a “hold” rating in a research report on Monday, August 8th. DA Davidson lifted their price objective on Douglas Emmett from $43.00 to $45.00 and gave the company a “buy” rating in a research report on Thursday, August 4th. Finally, Mizuho cut Douglas Emmett from a “buy” rating to a “neutral” rating and set a $37.00 price objective on the stock. in a research report on Thursday, August 4th. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the stock. Douglas Emmett has an average rating of “Hold” and a consensus price target of $34.46.
In other Douglas Emmett news, Chairman Dan A. Emmett sold 140,000 shares of the stock in a transaction that occurred on Monday, July 25th. The stock was sold at an average price of $36.72, for a total transaction of $5,140,800.00. The sale was disclosed in a filing with the SEC, which is accessible through this link. 23.00% of the stock is owned by insiders.
Douglas Emmett Company Profile
Douglas Emmett, Inc is a self-administered and self-managed real estate investment trust. The Company is owner and operator of office and multifamily properties located in submarkets in California and Hawaii. The Company operates in two segments: the acquisition, development, ownership and management of office real estate, and the acquisition, development, ownership and management of multifamily real estate.
Want to see what other hedge funds are holding DEI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Douglas Emmett Inc. (NYSE:DEI).
Receive News & Ratings for Douglas Emmett Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Douglas Emmett Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.