Barr E S Co Lowers stake in Douglas Emmett (DEI)

Douglas Emmett (DEI) : Barr E S Co reduced its stake in Douglas Emmett by 3.41% during the most recent quarter end. The investment management company now holds a total of 589,866 shares of Douglas Emmett which is valued at $19.4 Million after selling 20,837 shares in Douglas Emmett , the firm said in a disclosure report filed with the SEC on May 13, 2016.Douglas Emmett makes up approximately 2.33% of Barr E S Co’s portfolio.

Other Hedge Funds, Including , Rothschild Asset Management Inc boosted its stake in DEI in the latest quarter, The investment management firm added 10,161 additional shares and now holds a total of 357,147 shares of Douglas Emmett which is valued at $11.7 Million. Douglas Emmett makes up approx 0.22% of Rothschild Asset Management Inc’s portfolio.Cornerstone Capital Management Holdings. boosted its stake in DEI in the latest quarter, The investment management firm added 3,423 additional shares and now holds a total of 85,559 shares of Douglas Emmett which is valued at $2.8 Million. Douglas Emmett makes up approx 0.02% of Cornerstone Capital Management Holdings.’s portfolio.Forsta Ap-fonden reduced its stake in DEI by selling 41,200 shares or 69.83% in the most recent quarter. The Hedge Fund company now holds 17,800 shares of DEI which is valued at $584,196. Douglas Emmett makes up approx 0.14% of Forsta Ap-fonden’s portfolio.Cibc Asset Management Inc reduced its stake in DEI by selling 37,293 shares or 17.92% in the most recent quarter. The Hedge Fund company now holds 170,814 shares of DEI which is valued at $5.6 Million. Douglas Emmett makes up approx 0.04% of Cibc Asset Management Inc’s portfolio.Municipal Employees’ Retirement System Of Michigan boosted its stake in DEI in the latest quarter, The investment management firm added 2,090 additional shares and now holds a total of 46,660 shares of Douglas Emmett which is valued at $1.6 Million. Douglas Emmett makes up approx 0.10% of Municipal Employees’ Retirement System Of Michigan’s portfolio.

Douglas Emmett opened for trading at $33.26 and hit $33.6 on the upside on Wednesday, eventually ending the session at $33.54, with a gain of 1.02% or 0.34 points. The heightened volatility saw the trading volume jump to 8,71,805 shares. Company has a market cap of $4,957 M.

On the company’s financial health, Douglas Emmett reported $0.43 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on May 3, 2016. Analyst had a consensus of $0.42. The company had revenue of $168.60 million for the quarter, compared to analysts expectations of $164.01 million. The company’s revenue was up 8.9% compared to the same quarter last year.

Many Wall Street Analysts have commented on Douglas Emmett. Company shares were Reiterated by Stifel on May 6, 2016 to “Sell”, Firm has raised the Price Target to $ 30 from a previous price target of $23.50 .Company shares were Reiterated by Barclays on Mar 23, 2016 to “Underweight”, Firm has raised the Price Target to $ 29 from a previous price target of $28 .

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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