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

Douglas Emmett, Inc. (NYSE:DEI) was the recipient of a large increase in short interest in 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. Currently, 11.7% of the company’s shares are sold short. Based on an average daily volume of 1,460,000 shares, the days-to-cover ratio is currently 12.9 days.

Hedge Funds Weigh In On Douglas Emmett

Several large investors have recently modified their holdings of the stock. Venturi Wealth Management LLC acquired a new stake in Douglas Emmett during the third quarter valued at approximately $48,000. Quarry LP raised its position in shares of Douglas Emmett by 155.0% during the 2nd quarter. Quarry LP now owns 4,121 shares of the real estate investment trust’s stock valued at $55,000 after acquiring an additional 2,505 shares in the last quarter. Blue Trust Inc. lifted its stake in Douglas Emmett by 1,081.5% during the third quarter. Blue Trust Inc. now owns 3,710 shares of the real estate investment trust’s stock worth $65,000 after purchasing an additional 3,396 shares during the last quarter. GAMMA Investing LLC boosted its holdings in Douglas Emmett by 44.6% in the third quarter. GAMMA Investing LLC now owns 3,811 shares of the real estate investment trust’s stock worth $67,000 after purchasing an additional 1,175 shares during the period. Finally, Raleigh Capital Management Inc. raised its holdings in shares of Douglas Emmett by 62.0% during the third quarter. Raleigh Capital Management Inc. now owns 3,856 shares of the real estate investment trust’s stock worth $68,000 after purchasing an additional 1,476 shares during the period. Institutional investors own 97.37% of the company’s stock.

Analysts Set New Price Targets

DEI has been the topic of a number of recent research reports. Wedbush raised shares of Douglas Emmett from a “neutral” rating to an “outperform” rating and lifted their price target for the company from $19.00 to $21.00 in a research report on Thursday, January 2nd. Jefferies Financial Group upped their price target on shares of Douglas Emmett from $17.00 to $18.00 and gave the stock a “hold” rating in a research report on Thursday, January 2nd. Janney Montgomery Scott reissued a “neutral” rating on shares of Douglas Emmett in a research report on Wednesday, January 15th. Scotiabank raised Douglas Emmett from a “sector perform” rating to a “sector outperform” rating and upped their target price for the stock from $16.00 to $21.00 in a research report on Thursday, November 14th. Finally, 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 report on Monday, January 13th. Six analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, Douglas Emmett currently has an average rating of “Hold” and an average price target of $18.75.

Douglas Emmett Trading Up 0.4 %

Shares of DEI opened at $18.36 on Monday. Douglas Emmett has a one year low of $12.35 and a one year high of $20.50. The stock has a 50-day moving average price of $18.46 and a 200 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. The company has a market capitalization of $3.07 billion, a P/E ratio of -183.60 and a beta of 1.11.

Douglas Emmett (NYSE:DEI) last released its quarterly earnings results 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). The company had revenue of $250.75 million for the quarter, compared to analyst estimates of $242.75 million. Douglas Emmett had a negative return on equity of 0.43% and a negative net margin of 1.68%. The firm’s quarterly revenue was down 1.8% compared to the same quarter last year. During the same period in the previous year, the business posted $0.45 EPS. Sell-side analysts forecast that Douglas Emmett will post 1.7 EPS for the current fiscal year.

Douglas Emmett Announces Dividend

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

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.