Cramer Rosenthal Mcglynn LLC Has $33.95 Million Position in Douglas Emmett, Inc. (NYSE:DEI)

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Cramer Rosenthal Mcglynn LLC grew its holdings in Douglas Emmett, Inc. (NYSE:DEI) by 28.7% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 852,185 shares of the real estate investment trust’s stock after purchasing an additional 189,863 shares during the quarter. Cramer Rosenthal Mcglynn LLC owned about 0.50% of Douglas Emmett worth $33,951,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. NEXT Financial Group Inc grew its position in shares of Douglas Emmett by 76.3% in the second quarter. NEXT Financial Group Inc now owns 1,733 shares of the real estate investment trust’s stock valued at $69,000 after purchasing an additional 750 shares during the last quarter. Altshuler Shaham Ltd grew its position in Douglas Emmett by 102.2% during the second quarter. Altshuler Shaham Ltd now owns 2,218 shares of the real estate investment trust’s stock worth $89,000 after buying an additional 1,121 shares in the last quarter. Exane Derivatives acquired a new stake in Douglas Emmett during the second quarter worth about $194,000. Great Lakes Advisors LLC acquired a new stake in Douglas Emmett during the second quarter worth about $201,000. Finally, Natixis acquired a new stake in Douglas Emmett during the second quarter worth about $209,000. 92.43% of the stock is currently owned by institutional investors.

NYSE DEI traded up $0.11 during trading on Friday, reaching $42.91. 505 shares of the company traded hands, compared to its average volume of 622,482. The company has a debt-to-equity ratio of 1.07, a quick ratio of 3.74 and a current ratio of 3.74. The stock’s 50 day moving average price is $41.41 and its two-hundred day moving average price is $40.82. The company has a market cap of $7.40 billion, a price-to-earnings ratio of 21.19, a P/E/G ratio of 3.43 and a beta of 0.70. Douglas Emmett, Inc. has a 1-year low of $32.32 and a 1-year high of $42.99.

Douglas Emmett (NYSE:DEI) last released its quarterly earnings data on Monday, August 5th. The real estate investment trust reported $0.54 earnings per share for the quarter, beating analysts’ consensus estimates of $0.53 by $0.01. The company had revenue of $230.50 million for the quarter, compared to the consensus estimate of $226.45 million. Douglas Emmett had a return on equity of 3.05% and a net margin of 13.54%. The company’s quarterly revenue was up 5.0% on a year-over-year basis. During the same period in the previous year, the business earned $0.51 earnings per share. Equities research analysts expect that Douglas Emmett, Inc. will post 2.11 EPS for the current fiscal year.

A number of equities research analysts recently weighed in on the company. Zacks Investment Research raised Douglas Emmett from a “sell” rating to a “hold” rating in a research report on Monday, August 5th. Robert W. Baird set a $51.00 target price on Douglas Emmett and gave the stock a “buy” rating in a research report on Wednesday, August 21st. Five investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $42.63.

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

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