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

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

Douglas Emmett Stock Up 1.6 %

Douglas Emmett stock opened at $17.50 on Monday. Douglas Emmett has a one year low of $12.35 and a one year high of $20.50. The stock has a fifty day moving average of $18.65 and a 200 day moving average of $17.18. 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 stock has a market cap of $2.93 billion, a PE ratio of -175.04 and a beta of 1.11.

Douglas Emmett (NYSE:DEI) last released its quarterly earnings results on Monday, November 4th. The real estate investment trust reported $0.03 EPS for the quarter, missing the consensus estimate of $0.41 by ($0.38). The business had revenue of $250.75 million for the quarter, compared to analysts’ expectations of $242.75 million. Douglas Emmett had a negative net margin of 1.68% and a negative return on equity of 0.43%. Douglas Emmett’s revenue for the quarter was down 1.8% compared to the same quarter last year. During the same period in the previous year, the company earned $0.45 EPS. As a group, sell-side analysts predict that Douglas Emmett will post 1.7 EPS for the current year.

Douglas Emmett Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders 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 4.34%. The ex-dividend date was Tuesday, December 31st. Douglas Emmett’s dividend payout ratio is presently -760.00%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. Janney Montgomery Scott reiterated a “neutral” rating on shares of Douglas Emmett in a research note on Wednesday, January 15th. 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 research note on Thursday, November 7th. Jefferies Financial Group raised their price target on shares of Douglas Emmett from $17.00 to $18.00 and gave the company a “hold” rating in a research report on Thursday, January 2nd. Wedbush raised 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. Finally, Scotiabank raised Douglas Emmett from a “sector perform” rating to a “sector outperform” rating and lifted their target price for the stock from $16.00 to $21.00 in a report on Thursday, November 14th. Six equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $18.75.

Institutional Trading of Douglas Emmett

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Bamco Inc. NY increased its holdings in Douglas Emmett by 0.3% in the 3rd quarter. Bamco Inc. NY now owns 6,389,444 shares of the real estate investment trust’s stock worth $112,263,000 after acquiring an additional 20,000 shares in the last quarter. FMR LLC boosted its position in shares of Douglas Emmett by 8.5% in the third quarter. FMR LLC now owns 4,883,814 shares of the real estate investment trust’s stock worth $85,809,000 after purchasing an additional 384,371 shares during the period. Geode Capital Management LLC increased its stake in shares of Douglas Emmett by 0.7% in the third quarter. Geode Capital Management LLC now owns 4,171,839 shares of the real estate investment trust’s stock worth $73,312,000 after purchasing an additional 26,961 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Douglas Emmett by 3.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,797,822 shares of the real estate investment trust’s stock valued at $66,728,000 after purchasing an additional 127,274 shares during the period. Finally, Dimensional Fund Advisors LP lifted its stake in shares of Douglas Emmett by 8.1% during the 2nd 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 in the last quarter. Hedge funds and other institutional investors own 97.37% of the company’s stock.

About Douglas Emmett

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.