Douglas Emmett, Inc. (NYSE:DEI) Sees Large Increase in Short Interest

Douglas Emmett, Inc. (NYSE:DEI - Get Free Report) was the recipient of a large increase in short interest in 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. Based on an average trading volume of 1,460,000 shares, the short-interest ratio is presently 12.9 days. Currently, 11.7% of the company's stock are short sold.

Analyst Upgrades and Downgrades

DEI has been the subject of several recent analyst reports. Piper Sandler upgraded shares of Douglas Emmett from a "neutral" rating to an "overweight" rating and set a $20.00 price objective for the company in a research note on Monday, January 13th. Scotiabank upgraded Douglas Emmett from a "sector perform" rating to a "sector outperform" rating and raised their price objective for the stock from $16.00 to $21.00 in a research note on Thursday, November 14th. Evercore ISI boosted their target price on shares of Douglas Emmett from $16.00 to $19.00 and gave the company an "in-line" rating in a research report on Thursday, November 7th. Janney Montgomery Scott restated a "neutral" rating on shares of Douglas Emmett in a research report on Wednesday. Finally, Jefferies Financial Group raised their target price on Douglas Emmett from $17.00 to $18.00 and gave the company a "hold" rating in a research report on Thursday, January 2nd. Six equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $18.75.

Institutional Investors Weigh In On Douglas Emmett

A number of institutional investors have recently made changes to their positions in DEI. Venturi Wealth Management LLC purchased a new stake in Douglas Emmett during the 3rd quarter worth approximately $48,000. Quarry LP boosted its holdings in Douglas Emmett by 155.0% in the second quarter. Quarry LP now owns 4,121 shares of the real estate investment trust's stock valued at $55,000 after purchasing an additional 2,505 shares in the last quarter. Blue Trust Inc. grew its position in shares of Douglas Emmett by 1,081.5% in the 3rd quarter. Blue Trust Inc. now owns 3,710 shares of the real estate investment trust's stock valued at $65,000 after buying an additional 3,396 shares during the last quarter. GAMMA Investing LLC increased its position in shares of Douglas Emmett by 44.6% during 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 in the last quarter. Finally, Raleigh Capital Management Inc. increased its position in 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 buying an additional 1,476 shares during the period. 97.37% of the stock is currently owned by institutional investors and hedge funds.

Douglas Emmett Price Performance

DEI traded up $0.27 on Friday, reaching $17.50. 1,828,245 shares of the company's stock were exchanged, compared to its average volume of 1,440,752. 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 stock's fifty day moving average price is $18.65 and its 200-day moving average price is $17.15. Douglas Emmett has a twelve month low of $12.35 and a twelve month high of $20.50. The stock has a market cap of $2.93 billion, a PE ratio of -175.04 and a beta of 1.11.

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

Douglas Emmett Dividend Announcement

The firm 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. This represents a $0.76 dividend on an annualized basis and a dividend yield of 4.34%. The ex-dividend date of this dividend was Tuesday, December 31st. Douglas Emmett's dividend payout ratio is presently -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.