The stock of Douglas Emmett, Inc. (NYSE:DEI) is a huge mover today! The stock decreased 2.81% or $1.03 on October 3, hitting $35.6. Douglas Emmett, Inc. (NYSE:DEI) has risen 28.06% since March 1, 2016 and is uptrending. It has outperformed by 15.84% the S&P500.
The move comes after 7 months negative chart setup for the $5.38B company. It was reported on Oct, 4 by Barchart.com. We have $32.75 PT which if reached, will make NYSE:DEI worth $430.40M less.
Analysts await Douglas Emmett, Inc. (NYSE:DEI) to report earnings on November, 1. They expect $0.45 EPS, up 12.50% or $0.05 from last year’s $0.4 per share. DEI’s profit will be $68.01 million for 19.78 P/E if the $0.45 EPS becomes a reality. After $0.46 actual EPS reported by Douglas Emmett, Inc. for the previous quarter, Wall Street now forecasts -2.17% negative EPS growth.
Douglas Emmett, Inc. (NYSE:DEI) Ratings Coverage
Out of 12 analysts covering Douglas Emmett (NYSE:DEI), 7 rate it a “Buy”, 2 “Sell”, while 3 “Hold”. This means 58% are positive. Douglas Emmett has been the topic of 28 analyst reports since August 6, 2015 according to StockzIntelligence Inc. The firm has “Market Perform” rating by BMO Capital Markets given on Thursday, September 10. As per Thursday, August 25, the company rating was initiated by BTIG Research. Stifel Nicolaus downgraded Douglas Emmett, Inc. (NYSE:DEI) on Thursday, February 11 to “Sell” rating. As per Monday, August 31, the company rating was upgraded by Zacks. Zacks upgraded the stock to “Buy” rating in Monday, September 21 report. The stock of Douglas Emmett, Inc. (NYSE:DEI) has “Outperform” rating given on Tuesday, December 8 by BMO Capital Markets. The company was downgraded on Tuesday, August 18 by Zacks. The stock has “Buy” rating given by Evercore on Tuesday, September 8. The company was maintained on Thursday, November 5 by Mizuho. The stock of Douglas Emmett, Inc. (NYSE:DEI) has “Buy” rating given on Wednesday, September 9 by Bank of America.
According to Zacks Investment Research, “DOUGLAS EMMETT INC is a fully integrated, self-administered and self-managed real estate investment trust and one of the largest owners and operators of high-quality office and multifamily properties located in premier submarkets in California and Hawaii. The Company’s properties are concentrated in ten submarkets Brentwood, Olympic Corridor, Century City, Santa Monica, Beverly Hills, Westwood, Sherman Oaks/Encino, Warner Center/Woodland Hills, Burbank and Honolulu. The Company 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.”
Insitutional Activity: The institutional sentiment decreased to 1.1 in 2016 Q2. Its down 0.16, from 1.26 in 2016Q1. The ratio worsened, as 15 funds sold all Douglas Emmett, Inc. shares owned while 74 reduced positions. 13 funds bought stakes while 85 increased positions. They now own 145.75 million shares or 3.99% more from 140.16 million shares in 2016Q1.
Rafferty Asset Mngmt Ltd Liability Co reported 15,061 shares or 0.04% of all its holdings. Moreover, Blackrock Lc has 0% invested in Douglas Emmett, Inc. (NYSE:DEI) for 77,515 shares. Bank Of Montreal Can reported 5,340 shares or 0% of all its holdings. Guggenheim Lc holds 85,859 shares or 0.01% of its portfolio. Moreover, Prudential has 0.04% invested in Douglas Emmett, Inc. (NYSE:DEI) for 633,493 shares. Security Capital Rech Mngmt holds 2.43% or 2.01 million shares in its portfolio. Meag Munich Ergo Kapitalanlagegesellschaft Mbh holds 201,660 shares or 0.65% of its portfolio. Moreover, Menta Cap Lc has 0.26% invested in Douglas Emmett, Inc. (NYSE:DEI) for 53,720 shares. Renaissance Technologies Ltd Liability Corp accumulated 178,800 shares or 0.01% of the stock. Lpl Financial Ltd Co holds 16,816 shares or 0.01% of its portfolio. State Treasurer State Of Michigan holds 56,300 shares or 0.02% of its portfolio. Aqr Capital Mngmt Lc holds 48,628 shares or 0% of its portfolio. Public Employees Retirement Association Of Colorado, a Colorado-based fund reported 36,174 shares. Suntrust Banks has 0% invested in the company for 11,230 shares. Victory, a Ohio-based fund reported 3,025 shares.
Insider Transactions: Since April 21, 2016, the stock had 0 insider buys, and 6 sales for $28.97 million net activity. On Thursday, April 21 Emmett Dan A sold $4.41 million worth of the stock or 140,000 shares.
More notable recent Douglas Emmett, Inc. (NYSE:DEI) news were published by: Prnewswire.com which released: “Douglas Emmett And QIA Acquire Santa Monica Office Building” on September 27, 2016, also Prnewswire.com with their article: “Douglas Emmett Sells Sherman Oaks Office Building For $56.7 Million” published on September 16, 2016, Prnewswire.com published: “Douglas Emmett Releases First Quarter 2016 Earnings Results” on May 03, 2016. More interesting news about Douglas Emmett, Inc. (NYSE:DEI) were released by: Prnewswire.com and their article: “Douglas Emmett and QIA Acquire 365000 Square Foot West L.A. Office Building” published on July 21, 2016 as well as Prnewswire.com‘s news article titled: “Douglas Emmett And QIA Acquire Westwood Office Portfolio” with publication date: March 01, 2016.
DEI Company Profile
Douglas Emmett, Inc., incorporated on June 28, 2005, is a self-administered and self-managed real estate investment trust (REIT). The Firm is owner and operator of office and multifamily properties located in submarkets in California and Hawaii. The Firm operates in two divisions: the acquisition, development, ownership and management of office real estate, and the acquisition, development, ownership and management of multifamily real estate. The services for its office segment include primarily rental of office space and other tenant services, including parking and storage space rental. The services for its multifamily segment include primarily rental of apartments and other tenant services, including parking and storage space rental. It focuses on owning, acquiring developing and managing a substantial share of office properties and multifamily communities in neighborhoods. Through its interest in Douglas Emmett Properties, LP (operating partnership) and its subsidiaries, including its investments in its unconsolidated institutional real estate funds (Funds), it owns or partially owns, develops and manages real estate, consisting primarily of office and multifamily properties.
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