Douglas Emmett, Inc. (NYSE:DEI) Short Interest Update

Douglas Emmett, Inc. (NYSE:DEI) was the recipient of a large increase in short interest during the month of December. As of December 31st, there was short interest totalling 18,860,000 shares, an increase of 14.0% from the December 15th total of 16,550,000 shares. Currently, 11.7% of the company’s stock are sold short. Based on an average daily trading volume, of 1,460,000 shares, the short-interest ratio is currently 12.9 days.

Analyst Upgrades and Downgrades

A number of research firms recently commented on DEI. Janney Montgomery Scott reaffirmed a “neutral” rating on shares of Douglas Emmett in a report on Wednesday, January 15th. Wedbush raised Douglas Emmett from a “neutral” rating to an “outperform” rating and upped their price target for the company from $19.00 to $21.00 in a research report on Thursday, January 2nd. Piper Sandler raised Douglas Emmett from a “neutral” rating to an “overweight” rating and set a $20.00 price objective for the company in a report on Monday, January 13th. Scotiabank raised shares of Douglas Emmett from a “sector perform” rating to a “sector outperform” rating and upped their price objective for the company from $16.00 to $21.00 in a report on Thursday, November 14th. Finally, Evercore ISI lifted their target price on shares of Douglas Emmett from $16.00 to $19.00 and gave the stock an “in-line” rating in a research note on Thursday, November 7th. Six equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, Douglas Emmett presently has a consensus rating of “Hold” and an average price target of $18.75.

Douglas Emmett Stock Up 1.6 %

NYSE:DEI opened at $17.50 on Monday. The company has a debt-to-equity ratio of 1.51, a current ratio of 4.09 and a quick ratio of 4.09. The firm’s 50-day moving average price is $18.65 and its 200-day moving average price is $17.18. The company has a market capitalization of $2.93 billion, a PE ratio of -175.04 and a beta of 1.11. Douglas Emmett has a 1-year low of $12.35 and a 1-year high of $20.50.

Douglas Emmett (NYSE:DEI) last announced its quarterly earnings data on Monday, November 4th. The real estate investment trust reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.38). Douglas Emmett had a negative return on equity of 0.43% and a negative net margin of 1.68%. The business had revenue of $250.75 million during the quarter, compared to analysts’ expectations of $242.75 million. During the same quarter last year, the company posted $0.45 EPS. Douglas Emmett’s revenue for the quarter was down 1.8% compared to the same quarter last year. On average, equities analysts predict that Douglas Emmett will post 1.7 EPS for the current fiscal year.

Douglas Emmett Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were issued a dividend of $0.19 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $0.76 annualized dividend and a dividend yield of 4.34%. Douglas Emmett’s payout ratio is presently -760.00%.

Hedge Funds Weigh In On Douglas Emmett

Hedge funds have recently bought and sold shares of the company. Raleigh Capital Management Inc. lifted its position in Douglas Emmett by 30.4% in the 4th quarter. Raleigh Capital Management Inc. now owns 5,028 shares of the real estate investment trust’s stock valued at $93,000 after acquiring an additional 1,172 shares in the last quarter. Aspire Private Capital LLC raised its stake in shares of Douglas Emmett by 73.4% in the fourth quarter. Aspire Private Capital LLC now owns 20,303 shares of the real estate investment trust’s stock worth $377,000 after purchasing an additional 8,591 shares during the last quarter. Nordea Investment Management AB lifted its holdings in shares of Douglas Emmett by 4.0% during the fourth quarter. Nordea Investment Management AB now owns 663,262 shares of the real estate investment trust’s stock valued at $12,317,000 after purchasing an additional 25,737 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of Douglas Emmett by 19.7% during the fourth quarter. GAMMA Investing LLC now owns 4,561 shares of the real estate investment trust’s stock valued at $85,000 after buying an additional 750 shares during the last quarter. Finally, Franklin Resources Inc. increased its holdings in Douglas Emmett by 6.1% in the 3rd quarter. Franklin Resources Inc. now owns 103,493 shares of the real estate investment trust’s stock worth $1,866,000 after buying an additional 5,965 shares in the last quarter. Institutional investors own 97.37% of the company’s stock.

About Douglas Emmett

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.