Douglas Emmett, Inc. (NYSE:DEI) Short Interest Up 5.9% in September

Douglas Emmett, Inc. (NYSE:DEI) saw a significant increase in short interest in the month of September. As of September 30th, there was short interest totalling 20,690,000 shares, an increase of 5.9% from the September 15th total of 19,540,000 shares. Based on an average daily volume of 1,670,000 shares, the short-interest ratio is currently 12.4 days. Approximately 12.9% of the company’s shares are sold short.

Institutional Investors Weigh In On Douglas Emmett

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in Douglas Emmett by 0.9% during the 4th quarter. Vanguard Group Inc. now owns 26,187,297 shares of the real estate investment trust’s stock worth $379,716,000 after acquiring an additional 229,301 shares in the last quarter. Wellington Management Group LLP grew its holdings in Douglas Emmett by 1.7% during the 4th quarter. Wellington Management Group LLP now owns 9,358,733 shares of the real estate investment trust’s stock worth $135,702,000 after acquiring an additional 156,761 shares in the last quarter. Massachusetts Financial Services Co. MA grew its holdings in Douglas Emmett by 2.1% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 8,090,198 shares of the real estate investment trust’s stock worth $107,681,000 after acquiring an additional 165,425 shares in the last quarter. Centersquare Investment Management LLC grew its holdings in Douglas Emmett by 20.8% during the 1st quarter. Centersquare Investment Management LLC now owns 4,363,009 shares of the real estate investment trust’s stock worth $59,817,000 after acquiring an additional 751,419 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its holdings in Douglas Emmett by 20.9% during the 4th quarter. Goldman Sachs Group Inc. now owns 3,037,437 shares of the real estate investment trust’s stock worth $44,043,000 after acquiring an additional 525,831 shares in the last quarter. Hedge funds and other institutional investors own 97.37% of the company’s stock.

Douglas Emmett Stock Performance

Douglas Emmett stock opened at $19.00 on Friday. Douglas Emmett has a 12-month low of $10.76 and a 12-month high of $19.00. The company has a market capitalization of $3.18 billion, a price-to-earnings ratio of -61.27 and a beta of 1.11. The company has a debt-to-equity ratio of 1.47, a current ratio of 5.11 and a quick ratio of 5.11. The firm’s fifty day moving average price is $16.53 and its 200 day moving average price is $14.81.

Douglas Emmett (NYSE:DEI) last released its quarterly earnings results on Thursday, August 8th. The real estate investment trust reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.37). Douglas Emmett had a negative return on equity of 0.88% and a negative net margin of 3.55%. The firm had revenue of $245.80 million for the quarter, compared to analysts’ expectations of $246.62 million. During the same period last year, the firm earned $0.48 EPS. The business’s quarterly revenue was down 3.0% on a year-over-year basis. On average, research analysts forecast that Douglas Emmett will post 1.67 EPS for the current fiscal year.

Douglas Emmett Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 16th. Investors of record on Monday, September 30th were paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 4.00%. The ex-dividend date was Monday, September 30th. Douglas Emmett’s dividend payout ratio (DPR) is -245.16%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on DEI. Citigroup increased their price target on shares of Douglas Emmett from $14.00 to $16.00 and gave the stock a “neutral” rating in a research note on Thursday, September 12th. JPMorgan Chase & Co. raised their target price on shares of Douglas Emmett from $15.00 to $18.00 and gave the company a “neutral” rating in a research note on Monday, September 9th. Evercore ISI raised their target price on shares of Douglas Emmett from $15.00 to $16.00 and gave the company an “in-line” rating in a research note on Wednesday, August 28th. Wells Fargo & Company raised their target price on shares of Douglas Emmett from $15.00 to $17.00 and gave the company an “overweight” rating in a research note on Wednesday, September 11th. Finally, Scotiabank raised their target price on shares of Douglas Emmett from $14.00 to $16.00 and gave the company a “sector perform” rating in a research note on Monday, August 26th. Seven investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, Douglas Emmett currently has an average rating of “Hold” and a consensus price target of $16.29.

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.