Douglas Emmett, Inc. (NYSE:DEI) Sees Large Growth in Short Interest

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 15th, there was short interest totalling 19,080,000 shares, an increase of 10.9% from the February 29th total of 17,210,000 shares. Based on an average daily volume of 2,070,000 shares, the short-interest ratio is currently 9.2 days. Approximately 11.9% of the shares of the company are short sold.

Douglas Emmett Stock Performance

Shares of DEI traded up $0.21 during trading hours on Wednesday, hitting $13.36. The company had a trading volume of 1,570,588 shares, compared to its average volume of 1,969,459. The firm has a market cap of $2.23 billion, a price-to-earnings ratio of -50.58 and a beta of 1.07. The business has a fifty day moving average of $13.49 and a 200-day moving average of $13.19. Douglas Emmett has a 12 month low of $10.09 and a 12 month high of $16.12. 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 Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 16th. Shareholders of record on Thursday, March 28th will be paid a dividend of $0.19 per share. The ex-dividend date of this dividend is Wednesday, March 27th. This represents a $0.76 dividend on an annualized basis and a yield of 5.69%. Douglas Emmett's payout ratio is -292.31%.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. Jefferies Financial Group raised shares of Douglas Emmett from an "underperform" rating to a "hold" rating and increased their price target for the company from $10.00 to $15.00 in a report on Tuesday, January 2nd. Piper Sandler reduced their price objective on shares of Douglas Emmett from $17.00 to $15.00 and set a "neutral" rating for the company in a report on Friday, March 22nd. Two analysts have rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, Douglas Emmett currently has an average rating of "Hold" and a consensus price target of $13.86.

Institutional Investors Weigh In On Douglas Emmett

A number of large investors have recently bought and sold shares of the company. Quadrature Capital Ltd acquired a new stake in shares of Douglas Emmett in the 4th quarter valued at approximately $762,000. Vanguard Group Inc. boosted its stake in shares of Douglas Emmett by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 26,187,297 shares of the real estate investment trust's stock valued at $379,716,000 after purchasing an additional 229,301 shares in the last quarter. Wellington Management Group LLP boosted its stake in shares of Douglas Emmett by 1.7% in the 4th quarter. Wellington Management Group LLP now owns 9,358,733 shares of the real estate investment trust's stock valued at $135,702,000 after purchasing an additional 156,761 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of Douglas Emmett by 20.9% in the 4th quarter. Goldman Sachs Group Inc. now owns 3,037,437 shares of the real estate investment trust's stock valued at $44,043,000 after purchasing an additional 525,831 shares in the last quarter. Finally, Quarry LP acquired a new stake in Douglas Emmett during the 4th quarter worth approximately $57,000. 97.37% of the stock is currently owned by institutional investors and hedge funds.

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.