Short Interest in Douglas Emmett, Inc. (NYSE:DEI) Increases By 8.1%

Douglas Emmett, Inc. (NYSE:DEI) was the target of a significant growth in short interest during the month of March. As of March 31st, there was short interest totalling 20,620,000 shares, a growth of 8.1% from the March 15th total of 19,080,000 shares. Based on an average trading volume of 1,900,000 shares, the days-to-cover ratio is presently 10.9 days. Currently, 12.8% of the company’s stock are sold short.

Institutional Trading of Douglas Emmett

Several large investors have recently made changes to their positions in DEI. HighTower Advisors LLC acquired a new stake in shares of Douglas Emmett during the 1st quarter worth approximately $210,000. PNC Financial Services Group Inc. raised its position in Douglas Emmett by 16.9% in the first quarter. PNC Financial Services Group Inc. now owns 7,420 shares of the real estate investment trust’s stock worth $248,000 after acquiring an additional 1,071 shares during the period. Natixis Advisors L.P. bought a new stake in Douglas Emmett in the first quarter worth about $371,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in Douglas Emmett by 10.5% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 64,314 shares of the real estate investment trust’s stock worth $2,149,000 after acquiring an additional 6,132 shares during the period. Finally, APG Asset Management N.V. bought a new stake in Douglas Emmett in the first quarter worth about $448,000. Institutional investors and hedge funds own 97.37% of the company’s stock.

Douglas Emmett Stock Up 0.9 %

DEI traded up $0.12 during trading on Wednesday, hitting $12.88. The company had a trading volume of 1,362,160 shares, compared to its average volume of 1,911,578. The company has a quick ratio of 4.91, a current ratio of 4.91 and a debt-to-equity ratio of 1.44. Douglas Emmett has a one year low of $10.09 and a one year high of $16.12. The firm’s 50-day moving average price is $13.40 and its 200 day moving average price is $13.22. The company has a market capitalization of $2.16 billion, a PE ratio of -49.54 and a beta of 1.07.

Douglas Emmett Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 16th. Investors of record on Thursday, March 28th were given a dividend of $0.19 per share. The ex-dividend date was Wednesday, March 27th. This represents a $0.76 annualized dividend and a dividend yield of 5.90%. Douglas Emmett’s dividend payout ratio is -292.31%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Jefferies Financial Group upgraded shares of Douglas Emmett from an “underperform” rating to a “hold” rating and upped their price target for the company from $10.00 to $15.00 in a report on Tuesday, January 2nd. Piper Sandler dropped their price target on shares of Douglas Emmett from $17.00 to $15.00 and set a “neutral” rating for the company in a research report on Friday, March 22nd. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $13.67.

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.