JPMorgan Chase & Co. Cuts Stake in Douglas Emmett, Inc. (DEI)

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JPMorgan Chase & Co. lessened its position in shares of Douglas Emmett, Inc. (NYSE:DEI) by 1.0% in the 1st quarter, Holdings Channel reports. The institutional investor owned 4,084,615 shares of the real estate investment trust’s stock after selling 42,178 shares during the period. JPMorgan Chase & Co.’s holdings in Douglas Emmett were worth $165,100,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Daiwa SB Investments Ltd. increased its stake in shares of Douglas Emmett by 311.5% during the 1st quarter. Daiwa SB Investments Ltd. now owns 1,070 shares of the real estate investment trust’s stock valued at $43,000 after acquiring an additional 810 shares during the last quarter. FCA Corp TX purchased a new stake in shares of Douglas Emmett during the 4th quarter worth about $102,000. PNC Financial Services Group Inc. grew its holdings in shares of Douglas Emmett by 10.7% during the 4th quarter. PNC Financial Services Group Inc. now owns 5,595 shares of the real estate investment trust’s stock worth $192,000 after purchasing an additional 542 shares during the period. AlphaCrest Capital Management LLC purchased a new stake in shares of Douglas Emmett during the 4th quarter worth about $232,000. Finally, Quantamental Technologies LLC purchased a new stake in shares of Douglas Emmett during the 4th quarter worth about $233,000. 90.38% of the stock is owned by institutional investors and hedge funds.

A number of brokerages have recently issued reports on DEI. Zacks Investment Research cut Douglas Emmett from a “buy” rating to a “hold” rating in a report on Thursday, May 9th. JMP Securities reiterated a “hold” rating on shares of Douglas Emmett in a report on Sunday, February 17th. Finally, Barclays upgraded Douglas Emmett from an “underweight” rating to an “equal weight” rating and boosted their target price for the stock from $37.00 to $39.00 in a report on Monday, February 4th. Six analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $41.60.

In other Douglas Emmett news, Chairman Dan A. Emmett sold 40,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 8th. The stock was sold at an average price of $40.78, for a total value of $1,631,200.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 16.20% of the stock is owned by corporate insiders.

Shares of NYSE:DEI opened at $41.15 on Thursday. The stock has a market cap of $7.00 billion, a PE ratio of 20.37, a PEG ratio of 3.19 and a beta of 0.77. Douglas Emmett, Inc. has a 1 year low of $32.32 and a 1 year high of $41.86. The company has a debt-to-equity ratio of 1.09, a current ratio of 2.00 and a quick ratio of 2.00.

Douglas Emmett (NYSE:DEI) last released its quarterly earnings results on Thursday, May 2nd. The real estate investment trust reported $0.52 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.52. The firm had revenue of $224.19 million during the quarter, compared to analysts’ expectations of $227.52 million. Douglas Emmett had a return on equity of 3.01% and a net margin of 13.45%. Douglas Emmett’s quarterly revenue was up 5.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.49 EPS. As a group, sell-side analysts forecast that Douglas Emmett, Inc. will post 2.11 EPS for the current year.

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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.

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

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