Douglas Emmett, Inc. (NYSE:DEI) Short Interest Update

Douglas Emmett, Inc. (NYSE:DEI) was the target of a significant decline in short interest during the month of November. As of November 30th, there was short interest totalling 16,350,000 shares, a decline of 5.5% from the November 15th total of 17,300,000 shares. Approximately 10.2% of the company’s shares are short sold. Based on an average daily trading volume, of 1,450,000 shares, the short-interest ratio is currently 11.3 days.

Analyst Upgrades and Downgrades

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

Douglas Emmett Price Performance

Shares of Douglas Emmett stock opened at $18.66 on Thursday. The business’s fifty day moving average price is $18.84 and its 200 day moving average price is $16.45. The stock has a market capitalization of $3.12 billion, a P/E ratio of -186.60 and a beta of 1.11. The company has a current ratio of 4.09, a quick ratio of 4.09 and a debt-to-equity ratio of 1.51. Douglas Emmett has a twelve month low of $12.35 and a twelve month high of $20.50.

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 analysts’ consensus estimates of $0.41 by ($0.38). Douglas Emmett had a negative net margin of 1.68% and a negative return on equity of 0.43%. The business had revenue of $250.75 million for the quarter, compared to analyst estimates of $242.75 million. During the same period last year, the firm earned $0.45 earnings per share. The company’s quarterly revenue was down 1.8% on a year-over-year basis. As a group, research analysts anticipate that Douglas Emmett will post 1.7 earnings per share for the current year.

Douglas Emmett Dividend Announcement

The firm 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. The ex-dividend date is Tuesday, December 31st. This represents a $0.76 dividend on an annualized basis and a yield of 4.07%. Douglas Emmett’s dividend payout ratio (DPR) is -760.00%.

Institutional Trading of Douglas Emmett

Large investors have recently added to or reduced their stakes in the stock. The Manufacturers Life Insurance Company boosted its position in shares of Douglas Emmett by 3.6% in the second quarter. The Manufacturers Life Insurance Company now owns 91,554 shares of the real estate investment trust’s stock worth $1,219,000 after buying an additional 3,183 shares during the period. Intech Investment Management LLC purchased a new position in Douglas Emmett in the 3rd quarter worth approximately $650,000. Charles Schwab Investment Management Inc. grew its position in Douglas Emmett by 3.5% in the third 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 acquiring an additional 127,274 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of 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 purchasing an additional 186,385 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Douglas Emmett by 34.8% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 6,497 shares of the real estate investment trust’s stock valued at $114,000 after purchasing an additional 1,677 shares during the period. 97.37% of the stock is currently 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.