Douglas Emmett (NYSE:DEI) Receives a Downgrade
Equity research analysts at KeyBanc Capital Mkts’s division of equities downgraded the rating for shares of Douglas Emmett (NYSE:DEI) from a “Overweight” to a “Sector Weight” on Monday, 14 December.
From a total of 14 analysts covering Douglas Emmett (NYSE:DEI) stock, 8 rate it a ”Buy”, 3 a “Sell”, and 7 a ”Hold”. This means that 44% of the ratings are positive. The highest target price is $38 while the lowest target price is $29. The mean of all analyst targets is $32.96 with a 8.36% above today’s ($29.53) stock price. Douglas Emmett was the topic of 16 analyst reports since August 6, 2015 according to the firm StockzIntelligence Inc. BMO Capital Markets upgraded shares on December 8 to “Outperform” rating. BMO Capital Markets initiated shares with “Market Perform” rating and $29 target share price in a report from a September 10. DA Davidson upgraded DEI stock in a recent report from November 4 to “Buy” rating. Finally, Bank of America upgraded the stock to “Buy” rating in a report issued on a September 9.
Approximately 279,442 shares of stock traded hands. Douglas Emmett, Inc. (NYSE:DEI) has risen 4.75% since May 11, 2015 and is uptrending. It has outperformed by 9.16% the S&P500.
The overall sentiment of institutions has increased to 1.34 in Q2 2015. Its up 0.26, from 1.08 in 2015Q2. The ratio is positive, as 15 institutions have sold all the shares of Douglas Emmett, Inc. that they owned while 72 funds have taken shares off the table. 27 funds have purchased shares for the first time while 90 added to their positions. These institutions now hold 154.25 million shares or 7.59% more than the 143.36 million shares they owned in 2015Q2.
The Fund Resolution Capital Ltd currently is holding shares equating to 4% of its total portfolio in Douglas Emmett, Inc. representing a total of 1.65 million shares. Another fund,Security Capital Research & Management Inc, is holding a total of 2.70 million shares equating to 2.54% of their holdings. Additionally, Barr E S & Co has a 625,028 share stake in Douglas Emmett, Inc. which represents 2.29% of their total portfolio. The Fund, Cbre Clarion Securities Llc, based out of Pennsylvania, has also built up a stake in the stock, which represents a total of 1.49% of their total portfolio. Finally Cohen & Steers Inc, a fund which is based in the state of New York reported a total holdings of 12.78 million shares.
Insider activity is a very important aspect to track on any stock. Going back to March 23, 2015, shareholders of Douglas Emmett, Inc. have witnessed 0 buys, and a total of 6 insider sales equating to a net activity of approximately $20.80 million . Emmett Dan A sold 140,000 shares worth approximately $4.25 million.
Douglas Emmett, Inc. is a self-administered and self-managed Real Estate Investment Trust . The company has a market cap of $4.37 billion. The Firm is owner and operator of office and multifamily properties located in submarkets in California and Hawaii. It has 82.92 P/E ratio. The Firm operates in two divisions: Office Properties and Multifamily Properties.
According to Zacks Investment Research, “DOUGLAS EMMETT INC is a fully integrated, self-administered and self-managed real estate investment trust and one of the largest owners and operators of high-quality office and multifamily properties located in premier submarkets in California and Hawaii. The Company’s properties are concentrated in ten submarkets Brentwood, Olympic Corridor, Century City, Santa Monica, Beverly Hills, Westwood, Sherman Oaks/Encino, Warner Center/Woodland Hills, Burbank and Honolulu. The Company 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.”