Short Interest in Douglas Emmett, Inc. (NYSE:DEI) Decreases By 6.2%

Douglas Emmett, Inc. (NYSE:DEI) was the recipient of a large decrease in short interest in June. As of June 15th, there was short interest totalling 19,510,000 shares, a decrease of 6.2% from the May 31st total of 20,810,000 shares. Approximately 12.1% of the company’s stock are short sold. Based on an average daily volume of 1,470,000 shares, the short-interest ratio is presently 13.3 days.

Douglas Emmett Stock Up 0.6 %

Shares of DEI stock traded up $0.08 during trading hours on Wednesday, hitting $13.49. 355,303 shares of the company were exchanged, compared to its average volume of 1,699,622. The stock has a market capitalization of $2.26 billion, a price-to-earnings ratio of -43.52 and a beta of 1.09. Douglas Emmett has a one year low of $10.76 and a one year high of $16.12. The business’s 50-day simple moving average is $13.64 and its two-hundred day simple moving average is $13.72. The company has a debt-to-equity ratio of 1.45, a quick ratio of 4.42 and a current ratio of 4.42.

Douglas Emmett Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 16th. Shareholders of record on Friday, June 28th will be issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 5.63%. The ex-dividend date of this dividend is Friday, June 28th. Douglas Emmett’s dividend payout ratio is presently -245.16%.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. StockNews.com upgraded Douglas Emmett from a “sell” rating to a “hold” rating in a research note on Monday, May 20th. Piper Sandler lowered their price objective on Douglas Emmett from $17.00 to $15.00 and set a “neutral” rating for the company in a research note on Friday, March 22nd. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, Douglas Emmett currently has an average rating of “Hold” and a consensus price target of $13.67.

Insider Activity at Douglas Emmett

In related news, Director William E. Simon, Jr. bought 45,000 shares of the stock in a transaction dated Monday, June 10th. The stock was acquired at an average price of $13.15 per share, for a total transaction of $591,750.00. Following the completion of the purchase, the director now owns 45,000 shares in the company, valued at $591,750. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 14.70% of the stock is owned by insiders.

Institutional Investors Weigh In On Douglas Emmett

A number of institutional investors have recently made changes to their positions in the company. Swedbank AB acquired a new position in Douglas Emmett in the first quarter worth $661,000. Caxton Associates LP bought a new position in shares of Douglas Emmett in the 1st quarter worth about $974,000. Healthcare of Ontario Pension Plan Trust Fund boosted its holdings in shares of Douglas Emmett by 57.7% in the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 175,000 shares of the real estate investment trust’s stock valued at $2,427,000 after buying an additional 64,000 shares during the period. CANADA LIFE ASSURANCE Co grew its position in shares of Douglas Emmett by 3.5% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 441,918 shares of the real estate investment trust’s stock valued at $6,133,000 after buying an additional 14,783 shares during the last quarter. Finally, UniSuper Management Pty Ltd raised its stake in Douglas Emmett by 97.3% during the first quarter. UniSuper Management Pty Ltd now owns 91,365 shares of the real estate investment trust’s stock worth $1,267,000 after acquiring an additional 45,065 shares during the period. 97.37% of the stock is currently owned by institutional investors.

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.