Short Interest in Douglas Emmett, Inc. (NYSE:DEI) Increases By 8.1%

Douglas Emmett, Inc. (NYSE:DEI) saw a significant growth in short interest in 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. Approximately 12.8% of the shares of the stock are short sold. Based on an average daily trading volume, of 1,900,000 shares, the short-interest ratio is currently 10.9 days.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Quantbot Technologies LP purchased a new position in shares of Douglas Emmett in the first quarter worth about $40,000. GAMMA Investing LLC purchased a new position in shares of Douglas Emmett in the fourth quarter worth about $43,000. Frazier Financial Advisors LLC purchased a new position in shares of Douglas Emmett in the fourth quarter worth about $46,000. Advisory Services Network LLC increased its holdings in shares of 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 worth $46,000 after buying an additional 1,797 shares during the period. Finally, Quarry LP purchased a new position in shares of Douglas Emmett in the fourth quarter worth about $57,000. Hedge funds and other institutional investors own 97.37% of the company’s stock.

Douglas Emmett Price Performance

DEI stock traded up $0.12 during mid-day trading on Wednesday, hitting $12.88. 1,362,160 shares of the stock were exchanged, compared to its average volume of 1,911,578. The company has a debt-to-equity ratio of 1.44, a current ratio of 4.91 and a quick ratio of 4.91. The business has a fifty day moving average price of $13.40 and a 200 day moving average price of $13.22. Douglas Emmett has a 12 month low of $10.09 and a 12 month high of $16.12. The stock has a market capitalization of $2.16 billion, a price-to-earnings ratio of -49.54 and a beta of 1.07.

Douglas Emmett Dividend Announcement

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

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on DEI shares. Piper Sandler dropped their price objective on Douglas Emmett from $17.00 to $15.00 and set a “neutral” rating for the company in a research note on Friday, March 22nd. Jefferies Financial Group raised 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 note on Tuesday, January 2nd. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $13.67.

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.