Douglas Emmett, Inc. (NYSE:DEI) Short Interest Up 14.0% in January

Douglas Emmett, Inc. (NYSE:DEI) saw a significant 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. 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 Ratings Changes

A number of brokerages have recently issued reports on DEI. Piper Sandler raised Douglas Emmett from a “neutral” rating to an “overweight” rating and set a $20.00 price target on the stock in a research report on Monday, January 13th. Scotiabank raised Douglas Emmett from a “sector perform” rating to a “sector outperform” rating and upped their target price for the company from $16.00 to $21.00 in a research report on Thursday, November 14th. Janney Montgomery Scott reissued a “neutral” rating on shares of Douglas Emmett in a report on Wednesday, January 15th. Wedbush upgraded shares of 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 report on Thursday, January 2nd. Finally, Jefferies Financial Group lifted their target price on shares of Douglas Emmett from $17.00 to $18.00 and gave the stock a “hold” rating in a research note on Thursday, January 2nd. Six investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $18.75.

Douglas Emmett Stock Up 0.4 %

DEI stock opened at $18.36 on Monday. 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 has a 12 month low of $12.35 and a 12 month high of $20.50. The firm’s fifty day simple moving average is $18.46 and its 200-day simple moving average is $17.43. The company has a debt-to-equity ratio of 1.51, a current ratio of 4.09 and a quick ratio of 4.09.

Douglas Emmett (NYSE:DEI) 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 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%. Douglas Emmett’s revenue for the quarter was down 1.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.45 earnings per share. As a group, equities research analysts forecast that Douglas Emmett will post 1.7 earnings per share for the current year.

Douglas Emmett Announces Dividend

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

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Venturi Wealth Management LLC purchased a new position in shares of Douglas Emmett during the 3rd quarter valued at approximately $48,000. Quarry LP grew its position in Douglas Emmett by 155.0% during the second quarter. Quarry LP now owns 4,121 shares of the real estate investment trust’s stock valued at $55,000 after buying an additional 2,505 shares during the period. Blue Trust Inc. increased its holdings in Douglas Emmett by 1,081.5% in the third 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 in the last quarter. GAMMA Investing LLC raised its position in shares of 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 acquiring an additional 1,175 shares during the period. Finally, Raleigh Capital Management Inc. boosted its stake in shares of Douglas Emmett by 62.0% during the 3rd quarter. Raleigh Capital Management Inc. now owns 3,856 shares of the real estate investment trust’s stock worth $68,000 after acquiring an additional 1,476 shares in the last quarter. 97.37% of the stock is owned by institutional investors and hedge funds.

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.