Sarasin Partners Llp buys $1,787,104 stake in Douglas Emmett (DEI)

Douglas Emmett (DEI) : Sarasin Partners Llp scooped up 477 additional shares in Douglas Emmett during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 14, 2016. The investment management firm now holds a total of 49,947 shares of Douglas Emmett which is valued at $1,787,104.Douglas Emmett makes up approximately 0.03% of Sarasin Partners Llp’s portfolio.

Other Hedge Funds, Including , Duff Phelps Investment Management Co boosted its stake in DEI in the latest quarter, The investment management firm added 366,223 additional shares and now holds a total of 1,659,594 shares of Douglas Emmett which is valued at $59,380,273. Douglas Emmett makes up approx 0.86% of Duff Phelps Investment Management Co’s portfolio.Creative Planning boosted its stake in DEI in the latest quarter, The investment management firm added 26 additional shares and now holds a total of 79 shares of Douglas Emmett which is valued at $2,781.Weaver C. Barksdale Associates boosted its stake in DEI in the latest quarter, The investment management firm added 5 additional shares and now holds a total of 91 shares of Douglas Emmett which is valued at $3,203. Douglas Emmett makes up approx 0.01% of Weaver C. Barksdale Associates’s portfolio.Cutler Group Lp boosted its stake in DEI in the latest quarter, The investment management firm added 388 additional shares and now holds a total of 768 shares of Douglas Emmett which is valued at $27,456.Bnp Paribas Arbitrage Sa reduced its stake in DEI by selling 44,753 shares or 58.37% in the most recent quarter. The Hedge Fund company now holds 31,921 shares of DEI which is valued at $1,128,727.

Douglas Emmett closed down -0.58 points or -1.60% at $35.78 with 6,74,993 shares getting traded on Friday. Post opening the session at $36.37, the shares hit an intraday low of $35.75 and an intraday high of $36.52 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

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 .

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.

Leave a Reply

Douglas Emmett - Is it time to Sell?

Top Brokerage Firms are advising their investors on Douglas Emmett. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.