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

Douglas Emmett, Inc. (NYSE:DEI) was the target of a large increase in short interest in July. As of July 31st, there was short interest totalling 21,430,000 shares, an increase of 20.6% from the July 15th total of 17,770,000 shares. Currently, 13.3% of the shares of the stock are short sold. Based on an average daily trading volume, of 1,530,000 shares, the days-to-cover ratio is currently 14.0 days.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on DEI shares. StockNews.com upgraded Douglas Emmett from a “sell” rating to a “hold” rating in a research report on Monday, May 20th. Piper Sandler raised their price target on Douglas Emmett from $15.00 to $16.00 and gave the company a “neutral” rating in a research note on Monday, August 12th. Five research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $14.25.

Insider Activity at Douglas Emmett

In related news, Director William E. Simon, Jr. purchased 45,000 shares of the stock in a transaction that occurred on Monday, June 10th. The stock was bought at an average cost of $13.15 per share, for a total transaction of $591,750.00. Following the completion of the transaction, the director now directly owns 45,000 shares in the company, valued at $591,750. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 14.70% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Douglas Emmett

Institutional investors and hedge funds have recently modified their holdings of the company. Wolverine Asset Management LLC acquired a new position in Douglas Emmett in the second quarter valued at approximately $32,000. GAMMA Investing LLC acquired a new position in Douglas Emmett in the fourth quarter valued at approximately $43,000. Frazier Financial Advisors LLC acquired a new position in Douglas Emmett in the fourth quarter valued at approximately $46,000. Quarry LP lifted its holdings in Douglas Emmett by 155.0% in the second quarter. Quarry LP now owns 4,121 shares of the real estate investment trust’s stock valued at $55,000 after acquiring an additional 2,505 shares during the period. Finally, Aspire Private Capital LLC lifted its holdings in Douglas Emmett by 20.0% in the second quarter. Aspire Private Capital LLC now owns 9,537 shares of the real estate investment trust’s stock valued at $127,000 after acquiring an additional 1,592 shares during the period. Institutional investors and hedge funds own 97.37% of the company’s stock.

Douglas Emmett Price Performance

DEI opened at $15.00 on Friday. The business’s 50-day moving average is $14.28 and its two-hundred day moving average is $13.78. Douglas Emmett has a 1 year low of $10.76 and a 1 year high of $16.57. The company has a debt-to-equity ratio of 1.45, a current ratio of 4.42 and a quick ratio of 4.42. The firm has a market capitalization of $2.51 billion, a PE ratio of -48.39 and a beta of 1.09.

Douglas Emmett (NYSE:DEI) last issued its quarterly earnings results on Thursday, August 8th. The real estate investment trust reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.37). Douglas Emmett had a negative return on equity of 1.33% and a negative net margin of 5.40%. The business had revenue of $245.80 million for the quarter, compared to analysts’ expectations of $246.62 million. During the same quarter in the previous year, the firm posted $0.48 EPS. Douglas Emmett’s revenue was down 3.0% on a year-over-year basis. Research analysts anticipate that Douglas Emmett will post 1.66 earnings per share for the current fiscal year.

Douglas Emmett Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 16th. Investors of record on Friday, June 28th were issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 5.07%. The ex-dividend date was Friday, June 28th. Douglas Emmett’s dividend payout ratio (DPR) is -245.16%.

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.