BNP Paribas Arbitrage SA increased its holdings in shares of Douglas Emmett, Inc. (NYSE:DEI) by 10.7% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 44,266 shares of the real estate investment trust’s stock after acquiring an additional 4,286 shares during the period. BNP Paribas Arbitrage SA’s holdings in Douglas Emmett were worth $1,779,000 as of its most recent SEC filing.
Other large investors have also bought and sold shares of the company. Massey Quick Simon & CO. LLC acquired a new stake in shares of Douglas Emmett during the 1st quarter valued at about $147,000. Koch Industries Inc. acquired a new stake in shares of Douglas Emmett during the 1st quarter valued at about $278,000. TLP Group LLC grew its position in shares of Douglas Emmett by 38,558.3% during the 1st quarter. TLP Group LLC now owns 9,278 shares of the real estate investment trust’s stock valued at $341,000 after acquiring an additional 9,254 shares during the period. Centersquare Investment Management LLC acquired a new stake in shares of Douglas Emmett during the 1st quarter valued at about $459,000. Finally, Xact Kapitalforvaltning AB grew its position in shares of Douglas Emmett by 50.2% during the 1st quarter. Xact Kapitalforvaltning AB now owns 13,460 shares of the real estate investment trust’s stock valued at $495,000 after acquiring an additional 4,500 shares during the period. Hedge funds and other institutional investors own 94.71% of the company’s stock.
DEI stock traded up $0.17 during trading on Friday, hitting $39.06. The stock had a trading volume of 907,500 shares, compared to its average volume of 907,251. The company has a current ratio of 2.30, a quick ratio of 2.30 and a debt-to-equity ratio of 1.04. Douglas Emmett, Inc. has a twelve month low of $34.72 and a twelve month high of $41.59. The stock has a market cap of $6.64 billion, a price-to-earnings ratio of 20.56, a PEG ratio of 2.87 and a beta of 0.65.
A number of research firms have recently commented on DEI. Bank of America raised their target price on Douglas Emmett from $42.00 to $44.00 and gave the company a “buy” rating in a research report on Monday, August 13th. Stifel Nicolaus raised their target price on Douglas Emmett from $42.00 to $43.00 and gave the company a “buy” rating in a research report on Thursday, August 2nd. Mizuho upgraded Douglas Emmett from a “neutral” rating to a “buy” rating and raised their target price for the company from $39.00 to $44.00 in a research report on Monday, June 18th. Zacks Investment Research upgraded Douglas Emmett from a “hold” rating to a “buy” rating and set a $43.00 target price on the stock in a research report on Wednesday, June 6th. Finally, Barclays raised their target price on Douglas Emmett from $38.00 to $39.00 and gave the company an “underweight” rating in a research report on Thursday. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $41.80.
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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