雅虎香港財經 Douglas Emmett (DEI) Posted Weaker Than Expected Results in Q4
Baron Funds, an investment management company, released its “Baron Growth Fund” fourth quarter 2022 investor letter. A copy of the same can be downloaded here. In the fourth quarter, the fund gained 11.93% (Institutional Shares) compared to a 4.13% return for the Russell 2000 Growth Index and a 7.56% return for the S&P 500 Index. Favourable stock selection led the fund to generate strong absolute and relative performance. In addition, please check the fund’s top five holdings to know its best picks in 2022.
Baron Growth Fund highlighted stocks like Douglas Emmett, Inc. (NYSE:DEI) in its Q4 2022 investor letter. Douglas Emmett, Inc. (NYSE:DEI) is a real estate investment trust. On February 21, 2023, Douglas Emmett, Inc. (NYSE:DEI) stock closed at $14.93 per share. One-month return of Douglas Emmett, Inc. (NYSE:DEI) was -2.55%, and its shares lost 51.99% of their value over the last 52 weeks. Douglas Emmett, Inc. (NYSE:DEI) has a market capitalization of $3.085 billion.
Baron Growth Fund made the following comment about Douglas Emmett, Inc. (NYSE:DEI) in its Q4 2022 investor letter:
"Douglas Emmett, Inc. (NYSE:DEI)is a REIT that owns an irreplaceable portfolio of office and apartment buildings concentrated in California and Hawaii. Disappointing share performance was driven by third quarter financial results and a management outlook that was weaker than analysts expected. Office leasing activity has slowed, which is pressuring the company’s occupancy, rents, and cash flow."
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Douglas Emmett, Inc. (NYSE:DEI) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 22 hedge fund portfolios held Douglas Emmett, Inc. (NYSE:DEI) at the end of the fourth quarter which was 23 in the previous quarter.
We discussed Douglas Emmett, Inc. (NYSE:DEI) in another article and shared Diamond Hill Mid Cap Strategy's views on the company. In addition, please check out our hedge fund investor letters Q4 2022 page for more investor letters from hedge funds and other leading investors.
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Disclosure: None. This article is originally published at Insider Monkey.
