NN Investment Partners Holdings N.V. Sells 101,665 Shares of Douglas Emmett, Inc. (DEI)

NN Investment Partners Holdings N.V. reduced its stake in Douglas Emmett, Inc. (NYSE:DEI) by 10.7% during the first quarter, Holdings Channel reports. The fund owned 851,000 shares of the real estate investment trust’s stock after selling 101,665 shares during the period. NN Investment Partners Holdings N.V. owned approximately 0.56% of Douglas Emmett worth $32,679,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in DEI. Pacer Advisors Inc. raised its position in Douglas Emmett by 19.1% in the first quarter. Pacer Advisors Inc. now owns 25,079 shares of the real estate investment trust’s stock valued at $963,000 after buying an additional 4,030 shares during the last quarter. Envestnet Asset Management Inc. raised its position in Douglas Emmett by 96.1% in the first quarter. Envestnet Asset Management Inc. now owns 7,892 shares of the real estate investment trust’s stock valued at $304,000 after buying an additional 3,867 shares during the last quarter. Mason Street Advisors LLC raised its position in Douglas Emmett by 2.3% in the first quarter. Mason Street Advisors LLC now owns 68,708 shares of the real estate investment trust’s stock valued at $2,638,000 after buying an additional 1,524 shares during the last quarter. Northwestern Mutual Investment Management Company LLC raised its position in Douglas Emmett by 1.0% in the first quarter. Northwestern Mutual Investment Management Company LLC now owns 25,064 shares of the real estate investment trust’s stock valued at $962,000 after buying an additional 256 shares during the last quarter. Finally, Resolution Capital Ltd raised its position in Douglas Emmett by 5.6% in the first quarter. Resolution Capital Ltd now owns 1,992,285 shares of the real estate investment trust’s stock valued at $76,504,000 after buying an additional 105,385 shares during the last quarter. 99.06% of the stock is owned by hedge funds and other institutional investors.

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

Douglas Emmett, Inc. (NYSE:DEI) traded up 0.13% during mid-day trading on Friday, reaching $38.06. The company’s stock had a trading volume of 676,659 shares. The firm has a market cap of $5.88 billion, a PE ratio of 66.19 and a beta of 0.76. The stock’s 50 day moving average is $38.59 and its 200 day moving average is $37.77. Douglas Emmett, Inc. has a one year low of $32.40 and a one year high of $40.79.

Douglas Emmett (NYSE:DEI) last issued its quarterly earnings data on Tuesday, May 2nd. The real estate investment trust reported $0.47 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.47. The company had revenue of $170.35 million for the quarter, compared to analyst estimates of $191.93 million. Douglas Emmett had a return on equity of 3.03% and a net margin of 11.50%. On average, analysts anticipate that Douglas Emmett, Inc. will post $0.56 EPS for the current year.

COPYRIGHT VIOLATION NOTICE: This report was posted by Mideast Time and is the sole property of of Mideast Time. If you are viewing this report on another site, it was illegally stolen and republished in violation of U.S. & international copyright laws. The original version of this report can be read at https://www.mideasttime.com/nn-investment-partners-holdings-n-v-sells-101665-shares-of-douglas-emmett-inc-dei/1708692.html.

Several research firms have recently commented on DEI. DA Davidson lowered Douglas Emmett from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $45.00 to $43.00 in a research report on Thursday. Zacks Investment Research lowered Douglas Emmett from a “buy” rating to a “hold” rating in a research report on Monday, May 8th. Barclays PLC boosted their price target on Douglas Emmett from $35.00 to $36.00 and gave the stock an “underweight” rating in a research report on Wednesday, April 19th. JPMorgan Chase & Co. boosted their price target on Douglas Emmett from $38.00 to $40.00 and gave the stock a “neutral” rating in a research report on Monday, April 3rd. Finally, Evercore ISI lowered Douglas Emmett from a “hold” rating to an “underperform” rating in a research report on Friday, March 3rd. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $39.15.

In other Douglas Emmett news, Chairman Dan A. Emmett sold 100,000 shares of the firm’s stock in a transaction dated Friday, April 21st. The stock was sold at an average price of $39.19, for a total transaction of $3,919,000.00. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In the last ninety days, insiders have sold 300,000 shares of company stock worth $11,546,000. Corporate insiders own 23.00% of the company’s stock.

Douglas Emmett Company Profile

Douglas Emmett, Inc is a self-administered and self-managed real estate investment trust (REIT). The Company is owner and operator of office and multifamily properties located in submarkets in Los Angeles and Honolulu. The Company operates through two segments: the acquisition, development, ownership and management of office real estate (Office Segment), and the acquisition, development, ownership and management of multifamily real estate (Multifamily Segment).

5 Day Chart for NYSE:DEI

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 MarketBeat.com's FREE daily email newsletter.



Leave a Reply

 
© 2006-2017 Mideast Time.