Douglas Emmett, Inc. (NYSE:DEI) Sees Significant Growth in Short Interest

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

Douglas Emmett Stock Performance

NYSE DEI traded down $0.05 during trading hours on Wednesday, hitting $17.85. The company had a trading volume of 4,246,056 shares, compared to its average volume of 1,933,614. Douglas Emmett has a fifty-two week low of $12.35 and a fifty-two week high of $20.50. The firm has a market cap of $2.99 billion, a P/E ratio of -178.49 and a beta of 1.11. The company has a quick ratio of 4.09, a current ratio of 4.09 and a debt-to-equity ratio of 1.51. The business has a fifty day simple moving average of $18.40 and a 200-day simple moving average of $17.48.

Douglas Emmett (NYSE:DEI - Get Free Report) last released its quarterly earnings results on Tuesday, February 4th. The real estate investment trust reported $0.38 earnings per share for the quarter, beating analysts' consensus estimates of ($0.06) by $0.44. Douglas Emmett had a negative return on equity of 0.43% and a negative net margin of 1.68%. Equities analysts predict that Douglas Emmett will post 1.7 EPS for the current year.

Douglas Emmett Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were paid a dividend of $0.19 per share. The ex-dividend date was Tuesday, December 31st. This represents a $0.76 dividend on an annualized basis and a dividend yield of 4.26%. Douglas Emmett's dividend payout ratio is presently -760.00%.

Hedge Funds Weigh In On Douglas Emmett

Several large investors have recently made changes to their positions in the business. GAMMA Investing LLC boosted its holdings in shares of Douglas Emmett by 19.7% in the fourth quarter. GAMMA Investing LLC now owns 4,561 shares of the real estate investment trust's stock worth $85,000 after buying an additional 750 shares during the period. Sumitomo Mitsui Trust Group Inc. grew its position in Douglas Emmett by 0.5% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 182,461 shares of the real estate investment trust's stock valued at $3,386,000 after purchasing an additional 860 shares in the last quarter. HighTower Advisors LLC lifted its position in Douglas Emmett by 9.6% in the 3rd quarter. HighTower Advisors LLC now owns 13,335 shares of the real estate investment trust's stock worth $234,000 after buying an additional 1,171 shares in the last quarter. Raleigh Capital Management Inc. increased its stake in shares of Douglas Emmett by 30.4% in the fourth quarter. Raleigh Capital Management Inc. now owns 5,028 shares of the real estate investment trust's stock worth $93,000 after acquiring an additional 1,172 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. lifted its holdings 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 valued at $3,714,000 after buying an additional 1,300 shares during the last quarter. Institutional investors own 97.37% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on DEI. Scotiabank raised shares of Douglas Emmett from a "sector perform" rating to a "sector outperform" rating and increased their target price for the company from $16.00 to $21.00 in a report on Thursday, November 14th. Janney Montgomery Scott reissued a "neutral" rating on shares of Douglas Emmett in a research report on Wednesday, January 15th. Wedbush upgraded Douglas Emmett from a "neutral" rating to an "outperform" rating and upped their price objective for the company from $19.00 to $21.00 in a research report on Thursday, January 2nd. Evercore ISI lifted their price objective on Douglas Emmett from $16.00 to $19.00 and gave the stock an "in-line" rating in a research report on Thursday, November 7th. Finally, Piper Sandler raised shares of Douglas Emmett from a "neutral" rating to an "overweight" rating and set a $20.00 target price for the company in a research note on Monday, January 13th. Six research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $18.75.

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.