Douglas Emmett, Inc. (NYSE:DEI) Short Interest Update

Douglas Emmett, Inc. (NYSE:DEI - Get Free Report) saw 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. Currently, 12.8% of the company's shares are sold short. Based on an average daily trading volume, of 1,900,000 shares, the days-to-cover ratio is presently 10.9 days.

Douglas Emmett Stock Up 0.9 %

NYSE:DEI traded up $0.12 during mid-day trading on Wednesday, hitting $12.88. The stock had a trading volume of 1,362,736 shares, compared to its average volume of 1,911,586. The stock has a 50-day simple moving average of $13.40 and a two-hundred day simple moving average of $13.22. The company has a market capitalization of $2.15 billion, a PE ratio of -49.52 and a beta of 1.07. Douglas Emmett has a twelve month low of $10.09 and a twelve month high of $16.12. The company has a current ratio of 4.91, a quick ratio of 4.91 and a debt-to-equity ratio of 1.44.

Douglas Emmett Dividend Announcement

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

Institutional Trading of Douglas Emmett

Several hedge funds have recently added to or reduced their stakes in the company. Quantbot Technologies LP acquired a new stake in Douglas Emmett during the first quarter worth approximately $40,000. GAMMA Investing LLC acquired a new stake in Douglas Emmett during the fourth quarter worth approximately $43,000. Frazier Financial Advisors LLC acquired a new stake in Douglas Emmett during the fourth quarter worth approximately $46,000. Advisory Services Network LLC raised its holdings in Douglas Emmett by 94.7% during the first quarter. Advisory Services Network LLC now owns 3,695 shares of the real estate investment trust's stock worth $46,000 after purchasing an additional 1,797 shares in the last quarter. Finally, Quarry LP acquired a new stake in Douglas Emmett during the fourth quarter worth approximately $57,000. Institutional investors and hedge funds own 97.37% of the company's stock.

Analyst Upgrades and Downgrades

DEI has been the topic of a number of recent research reports. Piper Sandler cut their price target on shares of Douglas Emmett from $17.00 to $15.00 and set a "neutral" rating on the stock in a research note on Friday, March 22nd. Jefferies Financial Group upgraded shares of Douglas Emmett from an "underperform" rating to a "hold" rating and boosted their price target for the stock from $10.00 to $15.00 in a research note on Tuesday, January 2nd. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price 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.