Security Capital Research Management Inc buys $76,156,443 stake in Douglas Emmett (DEI)

Douglas Emmett (DEI) : Security Capital Research Management Inc scooped up 93,647 additional shares in Douglas Emmett during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 12, 2016. The investment management firm now holds a total of 2,012,591 shares of Douglas Emmett which is valued at $76,156,443.Douglas Emmett makes up approximately 2.52% of Security Capital Research Management Inc’s portfolio.

Other Hedge Funds, Including , Profund Advisors boosted its stake in DEI in the latest quarter, The investment management firm added 3,181 additional shares and now holds a total of 27,372 shares of Douglas Emmett which is valued at $1,035,756. Douglas Emmett makes up approx 0.05% of Profund Advisors’s portfolio. Yale University added DEI to its portfolio by purchasing 11,663 company shares during the most recent quarter which is valued at $441,328. Douglas Emmett makes up approx 0.11% of Yale University’s portfolio.Blackrock Japan Ltd reduced its stake in DEI by selling 11 shares or 0.15% in the most recent quarter. The Hedge Fund company now holds 7,419 shares of DEI which is valued at $280,735.Ngam Advisors boosted its stake in DEI in the latest quarter, The investment management firm added 7,808 additional shares and now holds a total of 83,411 shares of Douglas Emmett which is valued at $3,129,581. Douglas Emmett makes up approx 0.04% of Ngam Advisors’s portfolio.

Douglas Emmett opened for trading at $36.93 and hit $37.4 on the upside on Monday, eventually ending the session at $37.36, with a gain of 1.69% or 0.62 points. The heightened volatility saw the trading volume jump to 5,10,048 shares. Company has a market cap of $5,643 M.

On the company’s financial health, Douglas Emmett reported $0.46 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Aug 2, 2016. Analyst had a consensus of $0.45. The company had revenue of $187.22 million for the quarter, compared to analysts expectations of $181.73 million. The company’s revenue was up 16.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.40 EPS.

Many Wall Street Analysts have commented on Douglas Emmett. Mizuho Downgraded Douglas Emmett on Aug 4, 2016 to ” Neutral”, Price Target of the shares are set at $37.Company shares were Reiterated by DA Davidson on Aug 4, 2016 to “Buy”, Firm has raised the Price Target to $ 45 from a previous price target of $43 .Robert W. Baird Initiated Douglas Emmett on Jun 30, 2016 to “Outperform”, Price Target of the shares are set at $39.

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 California and Hawaii. The Company operates in two segments: Office Properties and Multifamily Properties. The Office Properties segment products include rental of office space and other tenant services including parking and storage space rental. The Multifamily Properties segment products include rental of apartments and other tenant services including parking and storage space rental. The Company owned a consolidated portfolio of approximately 53 office properties and approximately 10 multifamily properties. Its properties are located in the Brentwood Olympic Corridor Century City Beverly Hills Santa Monica Westwood Sherman Oaks/Encino Warner Center/Woodland Hills and Burbank submarkets of Los Angeles County California and in Honolulu Hawaii.

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