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

Douglas Emmett, Inc. (NYSE:DEI) was the recipient of a large growth in short interest in December. As of December 31st, there was short interest totalling 18,860,000 shares, a growth of 14.0% from the December 15th total of 16,550,000 shares. Approximately 11.7% of the company’s shares are short sold. Based on an average daily volume of 1,460,000 shares, the short-interest ratio is presently 12.9 days.

Institutional Investors Weigh In On Douglas Emmett

Hedge funds have recently added to or reduced their stakes in the stock. Choreo LLC bought a new stake in shares of Douglas Emmett during the 2nd quarter valued at about $147,000. Dimensional Fund Advisors LP grew its position in Douglas Emmett by 8.1% during the second quarter. Dimensional Fund Advisors LP now owns 2,495,263 shares of the real estate investment trust’s stock valued at $33,212,000 after buying an additional 186,385 shares during the period. Inspire Investing LLC boosted its stake in shares of Douglas Emmett by 3.4% during the 2nd quarter. Inspire Investing LLC now owns 26,491 shares of the real estate investment trust’s stock worth $353,000 after acquiring an additional 883 shares during the last quarter. Sei Investments Co. grew its position in shares of Douglas Emmett by 91.4% during the 2nd quarter. Sei Investments Co. now owns 89,505 shares of the real estate investment trust’s stock valued at $1,191,000 after acquiring an additional 42,733 shares during the period. Finally, Public Sector Pension Investment Board raised its holdings in Douglas Emmett by 7.8% in the 2nd quarter. Public Sector Pension Investment Board now owns 368,259 shares of the real estate investment trust’s stock worth $4,902,000 after purchasing an additional 26,498 shares during the period. 97.37% of the stock is currently owned by hedge funds and other institutional investors.

Douglas Emmett Price Performance

DEI opened at $17.50 on Friday. Douglas Emmett has a 1 year low of $12.35 and a 1 year high of $20.50. The stock has a 50-day moving average price of $18.65 and a 200-day moving average price of $17.12. The firm has a market cap of $2.93 billion, a PE ratio of -175.04 and a beta of 1.11. 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 posted its earnings results on Monday, November 4th. The real estate investment trust reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.38). The business had revenue of $250.75 million during the quarter, compared to the consensus estimate of $242.75 million. Douglas Emmett had a negative return on equity of 0.43% and a negative net margin of 1.68%. The firm’s revenue for the quarter was down 1.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.45 EPS. Sell-side analysts predict that Douglas Emmett will post 1.7 earnings per share for the current fiscal year.

Douglas Emmett Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were given a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 4.34%. The ex-dividend date was Tuesday, December 31st. Douglas Emmett’s dividend payout ratio (DPR) is presently -760.00%.

Analysts Set New Price Targets

Several analysts have commented on DEI shares. Janney Montgomery Scott restated a “neutral” rating on shares of Douglas Emmett in a report on Wednesday. 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 note on Thursday, January 2nd. Piper Sandler upgraded Douglas Emmett from a “neutral” rating to an “overweight” rating and set a $20.00 price objective for the company in a report on Monday, January 13th. 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 report on Thursday, November 7th. Finally, Wedbush upgraded shares of Douglas Emmett from a “neutral” rating to an “outperform” rating and increased their price target for the stock from $19.00 to $21.00 in a research note on Thursday, January 2nd. Six analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target 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.