Short Interest in Douglas Emmett, Inc. (NYSE:DEI) Decreases By 5.5%

Douglas Emmett, Inc. (NYSE:DEI) was the target of a significant decrease in short interest in the month of November. As of November 30th, there was short interest totalling 16,350,000 shares, a decrease of 5.5% from the November 15th total of 17,300,000 shares. Approximately 10.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 1,450,000 shares, the days-to-cover ratio is currently 11.3 days.

Institutional Trading of Douglas Emmett

Several large investors have recently made changes to their positions in the stock. Franklin Resources Inc. boosted its stake in shares of Douglas Emmett by 6.1% during the 3rd quarter. Franklin Resources Inc. now owns 103,493 shares of the real estate investment trust’s stock worth $1,866,000 after acquiring an additional 5,965 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Douglas Emmett by 0.7% during the 3rd quarter. Geode Capital Management LLC now owns 4,171,839 shares of the real estate investment trust’s stock worth $73,312,000 after acquiring an additional 26,961 shares in the last quarter. Barclays PLC boosted its stake in shares of Douglas Emmett by 3.8% during the 3rd quarter. Barclays PLC now owns 293,446 shares of the real estate investment trust’s stock worth $5,155,000 after acquiring an additional 10,653 shares in the last quarter. Public Employees Retirement System of Ohio boosted its stake in shares of Douglas Emmett by 0.7% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 243,939 shares of the real estate investment trust’s stock worth $4,286,000 after acquiring an additional 1,794 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. boosted its stake in shares of Douglas Emmett by 0.6% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 211,400 shares of the real estate investment trust’s stock worth $3,714,000 after acquiring an additional 1,300 shares in the last quarter. Institutional investors own 97.37% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on DEI shares. JPMorgan Chase & Co. upped their price objective on Douglas Emmett from $15.00 to $18.00 and gave the company a “neutral” rating in a report on Monday, September 9th. Evercore ISI upped their price objective on Douglas Emmett from $16.00 to $19.00 and gave the company an “in-line” rating in a report on Thursday, November 7th. Scotiabank upgraded 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. Wells Fargo & Company upped their price objective on Douglas Emmett from $15.00 to $17.00 and gave the company an “overweight” rating in a report on Wednesday, September 11th. Finally, Citigroup boosted their target price on Douglas Emmett from $14.00 to $16.00 and gave the stock a “neutral” rating in a research report on Thursday, September 12th. Six equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $17.43.

Douglas Emmett Stock Performance

Shares of DEI stock opened at $20.32 on Wednesday. The company has a debt-to-equity ratio of 1.51, a current ratio of 4.09 and a quick ratio of 4.09. Douglas Emmett has a fifty-two week low of $12.35 and a fifty-two week high of $20.50. The stock’s 50-day moving average is $18.81 and its two-hundred day moving average is $16.44. The firm has a market cap of $3.40 billion, a P/E ratio of -203.20 and a beta of 1.11.

Douglas Emmett (NYSE:DEI) last issued its earnings results on Monday, November 4th. The real estate investment trust reported $0.03 earnings per share for the quarter, missing the consensus estimate 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 firm had revenue of $250.75 million during the quarter, compared to analyst estimates of $242.75 million. During the same period in the previous year, the company earned $0.45 earnings per share. The business’s revenue for the quarter was down 1.8% on a year-over-year basis. Analysts predict that Douglas Emmett will post 1.7 earnings per share for the current fiscal year.

Douglas Emmett Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be given a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 3.74%. The ex-dividend date of this dividend is Tuesday, December 31st. Douglas Emmett’s payout ratio is currently -760.00%.

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.