Douglas Emmett, Inc. (NYSE:DEI) Short Interest Up 10.9% in March

Douglas Emmett, Inc. (NYSE:DEIGet Free Report) was the recipient of a large growth in short interest during the month of March. As of March 15th, there was short interest totalling 19,080,000 shares, a growth of 10.9% from the February 29th total of 17,210,000 shares. Currently, 11.9% of the shares of the company are sold short. Based on an average daily trading volume, of 2,070,000 shares, the days-to-cover ratio is currently 9.2 days.

Douglas Emmett Stock Performance

Shares of Douglas Emmett stock opened at $13.15 on Wednesday. The firm has a market cap of $2.20 billion, a price-to-earnings ratio of -50.58 and a beta of 1.07. The stock’s 50-day moving average is $13.49 and its 200-day moving average is $13.19. Douglas Emmett has a one year low of $10.09 and a one year high of $16.12. The company has a debt-to-equity ratio of 1.44, a current ratio of 4.91 and a quick ratio of 4.91.

Douglas Emmett Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 16th. Stockholders of record on Thursday, March 28th will be issued a $0.19 dividend. The ex-dividend date of this dividend is Wednesday, March 27th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 5.78%. Douglas Emmett’s dividend payout ratio (DPR) is -292.31%.

Institutional Trading of Douglas Emmett

Institutional investors and hedge funds have recently bought and sold shares of the stock. Quantbot Technologies LP bought a new stake in Douglas Emmett during the first quarter worth about $40,000. Aspire Private Capital LLC raised its stake in Douglas Emmett by 253.2% in the fourth quarter. Aspire Private Capital LLC now owns 1,660 shares of the real estate investment trust’s stock valued at $26,028,800,000 after buying an additional 1,190 shares during the period. Frazier Financial Advisors LLC bought a new stake in Douglas Emmett in the fourth quarter valued at approximately $46,000. GAMMA Investing LLC bought a new stake in Douglas Emmett in the fourth quarter valued at approximately $43,000. Finally, Advisory Services Network LLC raised its stake in Douglas Emmett by 94.7% in the first quarter. Advisory Services Network LLC now owns 3,695 shares of the real estate investment trust’s stock valued at $46,000 after buying an additional 1,797 shares during the period. Institutional investors own 97.37% of the company’s stock.

Analyst Ratings Changes

DEI has been the topic of several recent research reports. Piper Sandler decreased their price objective on Douglas Emmett from $17.00 to $15.00 and set a “neutral” rating on the stock in a report on Friday, March 22nd. Jefferies Financial Group upgraded Douglas Emmett from an “underperform” rating to a “hold” rating and lifted their price objective for the company from $10.00 to $15.00 in a research report on Tuesday, January 2nd. Two analysts have rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $13.86.

Read Our Latest Stock Report on DEI

About Douglas Emmett

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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.

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