Short Interest in Douglas Emmett, Inc. (NYSE:DEI) Expands By 14.0%

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

Douglas Emmett Stock Performance

Shares of NYSE DEI opened at $18.36 on Monday. Douglas Emmett has a 1 year low of $12.35 and a 1 year high of $20.50. The firm has a market cap of $3.07 billion, a P/E ratio of -183.60 and a beta of 1.11. The stock has a fifty day moving average price of $18.46 and a two-hundred day moving average price of $17.43. The company has a debt-to-equity ratio of 1.51, a quick ratio of 4.09 and a current ratio of 4.09.

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

Douglas Emmett Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were paid a $0.19 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $0.76 annualized dividend and a dividend yield of 4.14%. Douglas Emmett’s dividend payout ratio is currently -760.00%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. Piper Sandler upgraded Douglas Emmett from a “neutral” rating to an “overweight” rating and set a $20.00 target price on the stock in a research note on Monday, January 13th. Scotiabank raised shares of Douglas Emmett from a “sector perform” rating to a “sector outperform” rating and boosted their target price for the company from $16.00 to $21.00 in a research note on Thursday, November 14th. Wedbush upgraded shares of Douglas Emmett from a “neutral” rating to an “outperform” rating and upped their target price for the stock from $19.00 to $21.00 in a research report on Thursday, January 2nd. Jefferies Financial Group boosted their price objective on Douglas Emmett from $17.00 to $18.00 and gave the stock a “hold” rating in a research report on Thursday, January 2nd. Finally, Janney Montgomery Scott restated a “neutral” rating on shares of Douglas Emmett in a research report on Wednesday, January 15th. Six research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $18.75.

Institutional Trading of Douglas Emmett

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Victory Capital Management Inc. grew its position in Douglas Emmett by 4,395.5% in the third quarter. Victory Capital Management Inc. now owns 1,578,205 shares of the real estate investment trust’s stock worth $27,729,000 after buying an additional 1,543,099 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Douglas Emmett by 379.1% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,085,427 shares of the real estate investment trust’s stock worth $19,071,000 after acquiring an additional 858,857 shares during the last quarter. FMR LLC raised its position in shares of Douglas Emmett by 8.5% during the third quarter. FMR LLC now owns 4,883,814 shares of the real estate investment trust’s stock worth $85,809,000 after purchasing an additional 384,371 shares during the period. NFJ Investment Group LLC purchased a new stake in shares of Douglas Emmett during the third quarter valued at $6,210,000. Finally, Advisors Preferred LLC acquired a new position in shares of Douglas Emmett in the 4th quarter valued at $4,028,000. 97.37% of the stock is owned by institutional investors and hedge funds.

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.