Meadow Creek Investment Management LLC Buys 4,760 Shares of Douglas Emmett, Inc. (DEI)

Share on StockTwits

Meadow Creek Investment Management LLC grew its stake in shares of Douglas Emmett, Inc. (NYSE:DEI) by 23.3% in the second quarter, HoldingsChannel reports. The firm owned 25,200 shares of the real estate investment trust’s stock after purchasing an additional 4,760 shares during the period. Meadow Creek Investment Management LLC’s holdings in Douglas Emmett were worth $1,013,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. BlackRock Inc. increased its holdings in Douglas Emmett by 0.9% during the 2nd quarter. BlackRock Inc. now owns 19,109,240 shares of the real estate investment trust’s stock worth $767,810,000 after purchasing an additional 176,454 shares in the last quarter. Boston Partners increased its holdings in Douglas Emmett by 2.6% during the 2nd quarter. Boston Partners now owns 4,450,250 shares of the real estate investment trust’s stock worth $178,811,000 after purchasing an additional 112,228 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Douglas Emmett by 2.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,382,937 shares of the real estate investment trust’s stock worth $95,743,000 after purchasing an additional 51,564 shares in the last quarter. Resolution Capital Ltd increased its holdings in Douglas Emmett by 8.6% during the 1st quarter. Resolution Capital Ltd now owns 2,322,571 shares of the real estate investment trust’s stock worth $85,378,000 after purchasing an additional 183,628 shares in the last quarter. Finally, Northern Trust Corp increased its holdings in Douglas Emmett by 5.3% during the 1st quarter. Northern Trust Corp now owns 2,155,346 shares of the real estate investment trust’s stock worth $79,229,000 after purchasing an additional 108,552 shares in the last quarter. 94.71% of the stock is owned by hedge funds and other institutional investors.

A number of analysts have commented on the company. Barclays boosted their price objective on Douglas Emmett from $38.00 to $39.00 and gave the stock an “underweight” rating in a report on Thursday, August 30th. Bank of America boosted their price objective on Douglas Emmett from $42.00 to $44.00 and gave the stock a “buy” rating in a report on Monday, August 13th. Citigroup boosted their price objective on Douglas Emmett from $38.00 to $39.00 and gave the stock a “neutral” rating in a report on Wednesday, August 8th. Stifel Nicolaus boosted their price objective on Douglas Emmett from $42.00 to $43.00 and gave the stock a “buy” rating in a report on Thursday, August 2nd. Finally, Zacks Investment Research lowered Douglas Emmett from a “buy” rating to a “hold” rating in a report on Wednesday, July 25th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $41.80.

DEI stock opened at $38.63 on Thursday. The company has a market capitalization of $6.64 billion, a PE ratio of 19.83, a price-to-earnings-growth ratio of 2.87 and a beta of 0.59. The company has a debt-to-equity ratio of 1.04, a current ratio of 2.30 and a quick ratio of 2.30. Douglas Emmett, Inc. has a 12-month low of $34.72 and a 12-month high of $41.59.

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

Douglas Emmett 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.

Further Reading: What is a Stop Order?

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).

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

Receive News & Ratings for Douglas Emmett Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Douglas Emmett and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply