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

Douglas Emmett, Inc. (NYSE:DEI - Get Free Report) was the recipient of a significant drop in short interest in the month of November. As of November 30th, there was short interest totalling 16,350,000 shares, a drop of 5.5% from the November 15th total of 17,300,000 shares. Based on an average trading volume of 1,450,000 shares, the short-interest ratio is presently 11.3 days. Currently, 10.2% of the company's stock are sold short.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on DEI. Scotiabank raised shares of Douglas Emmett from a "sector perform" rating to a "sector outperform" rating and lifted their price target for the company from $16.00 to $21.00 in a research report on Thursday, November 14th. JPMorgan Chase & Co. boosted their price target on shares of Douglas Emmett from $15.00 to $18.00 and gave the stock a "neutral" rating in a report on Monday, September 9th. Citigroup boosted their target price on Douglas Emmett from $14.00 to $16.00 and gave the company a "neutral" rating in a research note on Thursday, September 12th. Wells Fargo & Company boosted their target price on shares of Douglas Emmett from $15.00 to $17.00 and gave the company an "overweight" rating in a report on Wednesday, September 11th. Finally, Evercore ISI upped their target price on shares of Douglas Emmett from $16.00 to $19.00 and gave the stock an "in-line" rating in a report on Thursday, November 7th. Six investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Douglas Emmett currently has an average rating of "Hold" and a consensus price target of $17.43.

Institutional Trading of Douglas Emmett

Institutional investors and hedge funds have recently bought and sold shares of the stock. Inspire Investing LLC lifted its holdings in shares of Douglas Emmett by 3.4% during the second quarter. Inspire Investing LLC now owns 26,491 shares of the real estate investment trust's stock valued at $353,000 after purchasing an additional 883 shares during the last quarter. Arizona State Retirement System boosted its holdings in Douglas Emmett by 2.2% in the second quarter. Arizona State Retirement System now owns 46,850 shares of the real estate investment trust's stock worth $624,000 after acquiring an additional 1,027 shares in the last quarter. HighTower Advisors LLC increased its stake in Douglas Emmett by 9.6% during the 3rd quarter. HighTower Advisors LLC now owns 13,335 shares of the real estate investment trust's stock valued at $234,000 after purchasing an additional 1,171 shares in the last quarter. GAMMA Investing LLC lifted its position in Douglas Emmett by 44.6% in the 3rd quarter. GAMMA Investing LLC now owns 3,811 shares of the real estate investment trust's stock valued at $67,000 after acquiring an additional 1,175 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. boosted its position in shares of Douglas Emmett by 0.6% during the third 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. 97.37% of the stock is currently owned by hedge funds and other institutional investors.

Douglas Emmett Trading Up 0.2 %

NYSE:DEI traded up $0.04 during trading hours on Tuesday, reaching $20.32. The company's stock had a trading volume of 1,040,982 shares, compared to its average volume of 1,603,332. 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 firm has a market capitalization of $3.40 billion, a price-to-earnings ratio of -202.80 and a beta of 1.11. The firm has a 50-day simple moving average of $18.76 and a 200-day simple moving average of $16.39. Douglas Emmett has a 1 year low of $12.35 and a 1 year high of $20.50.

Douglas Emmett (NYSE:DEI - Get Free Report) last issued its quarterly earnings data 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). Douglas Emmett had a negative return on equity of 0.43% and a negative net margin of 1.68%. The business had revenue of $250.75 million during the quarter, compared to the consensus estimate of $242.75 million. During the same quarter in the prior year, the business posted $0.45 earnings per share. Douglas Emmett's quarterly revenue was down 1.8% compared to the same quarter last year. Research analysts expect that Douglas Emmett will post 1.7 EPS for the current fiscal year.

Douglas Emmett Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 3.74%. The ex-dividend date is Tuesday, December 31st. Douglas Emmett's dividend 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.