Short Interest in Douglas Emmett, Inc. (NYSE:DEI) Expands By 22.0%

Douglas Emmett, Inc. (NYSE:DEI - Get Free Report) was the recipient of a large increase in short interest in the month of March. As of March 31st, there was short interest totalling 21,850,000 shares, an increase of 22.0% from the March 15th total of 17,910,000 shares. Currently, 13.6% of the shares of the company are sold short. Based on an average trading volume of 2,270,000 shares, the days-to-cover ratio is presently 9.6 days.

Hedge Funds Weigh In On Douglas Emmett

A number of large investors have recently made changes to their positions in DEI. Massachusetts Financial Services Co. MA lifted its position in shares of Douglas Emmett by 1.6% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 7,943,811 shares of the real estate investment trust's stock valued at $147,437,000 after buying an additional 125,727 shares in the last quarter. FMR LLC boosted its holdings in shares of Douglas Emmett by 59.6% in the fourth quarter. FMR LLC now owns 7,794,304 shares of the real estate investment trust's stock valued at $144,662,000 after acquiring an additional 2,910,490 shares during the period. Geode Capital Management LLC increased its stake in shares of Douglas Emmett by 0.7% during the third quarter. Geode Capital Management LLC now owns 4,171,839 shares of the real estate investment trust's stock worth $73,312,000 after acquiring an additional 26,961 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in Douglas Emmett by 0.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,812,708 shares of the real estate investment trust's stock worth $70,764,000 after buying an additional 14,886 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its position in shares of Douglas Emmett by 130.6% during the 4th quarter. JPMorgan Chase & Co. now owns 2,684,597 shares of the real estate investment trust's stock worth $49,826,000 after purchasing an additional 1,520,348 shares during the last quarter. 97.37% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on DEI. Jefferies Financial Group assumed coverage on shares of Douglas Emmett in a report on Monday, March 17th. They issued a "hold" rating and a $16.00 target price on the stock. Janney Montgomery Scott reiterated a "neutral" rating on shares of Douglas Emmett in a research note on Wednesday, January 15th. Piper Sandler raised Douglas Emmett from a "neutral" rating to an "overweight" rating and set a $20.00 target price on the stock in a research report on Monday, January 13th. StockNews.com downgraded shares of Douglas Emmett from a "hold" rating to a "sell" rating in a report on Thursday, February 6th. Finally, Wedbush raised shares of Douglas Emmett from a "neutral" rating to an "outperform" rating and lifted their price target for the stock from $19.00 to $21.00 in a research report on Thursday, January 2nd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $18.50.

Douglas Emmett Price Performance

DEI traded up $0.09 during trading on Friday, reaching $14.23. The stock had a trading volume of 304,177 shares, compared to its average volume of 1,694,731. The company has a debt-to-equity ratio of 1.50, a quick ratio of 4.09 and a current ratio of 4.32. Douglas Emmett has a one year low of $12.39 and a one year high of $20.50. The business has a 50-day moving average of $15.46 and a 200-day moving average of $17.33. The stock has a market cap of $2.38 billion, a PE ratio of 109.35 and a beta of 1.09.

Douglas Emmett (NYSE:DEI - Get Free Report) last announced its earnings results on Tuesday, February 4th. The real estate investment trust reported $0.38 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.06) by $0.44. Douglas Emmett had a return on equity of 0.63% and a net margin of 2.38%. As a group, equities research analysts anticipate that Douglas Emmett will post 1.45 EPS for the current fiscal year.

Douglas Emmett Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 5.34%. The ex-dividend date was Monday, March 31st. Douglas Emmett's payout ratio is 584.62%.

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.