Douglas Emmett, Inc. (NYSE:DEI) Short Interest Up 6.1% in May

Douglas Emmett, Inc. (NYSE:DEI) was the recipient of a large growth in short interest during the month of May. As of May 31st, there was short interest totalling 20,810,000 shares, a growth of 6.1% from the May 15th total of 19,610,000 shares. Currently, 12.9% of the company’s shares are short sold. Based on an average trading volume of 1,470,000 shares, the days-to-cover ratio is presently 14.2 days.

Insiders Place Their Bets

In other Douglas Emmett news, Director William E. Simon, Jr. bought 45,000 shares of Douglas Emmett stock in a transaction on Monday, June 10th. The shares were purchased at an average cost of $13.15 per share, with a total value of $591,750.00. Following the acquisition, the director now directly owns 45,000 shares of the company’s stock, valued at approximately $591,750. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 14.70% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. GAMMA Investing LLC purchased a new stake in shares of Douglas Emmett in the fourth quarter valued at about $43,000. Frazier Financial Advisors LLC purchased a new stake in shares of Douglas Emmett in the fourth quarter valued at about $46,000. Quarry LP purchased a new stake in shares of Douglas Emmett in the fourth quarter valued at about $57,000. Metis Global Partners LLC purchased a new stake in shares of Douglas Emmett in the fourth quarter valued at about $156,000. Finally, Altfest L J & Co. Inc. purchased a new stake in shares of Douglas Emmett in the fourth quarter valued at about $183,000. Institutional investors and hedge funds own 97.37% of the company’s stock.

Douglas Emmett Stock Performance

DEI opened at $13.44 on Thursday. The company has a current ratio of 4.42, a quick ratio of 4.42 and a debt-to-equity ratio of 1.45. The company’s fifty day moving average price is $13.60 and its two-hundred day moving average price is $13.79. Douglas Emmett has a 1-year low of $10.76 and a 1-year high of $16.12. The company has a market cap of $2.25 billion, a price-to-earnings ratio of -43.35 and a beta of 1.08.

Douglas Emmett Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 16th. Shareholders of record on Friday, June 28th will be issued a dividend of $0.19 per share. The ex-dividend date of this dividend is Friday, June 28th. This represents a $0.76 annualized dividend and a yield of 5.65%. Douglas Emmett’s payout ratio is -245.16%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. Piper Sandler reduced their price objective 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. StockNews.com raised shares of Douglas Emmett from a “sell” rating to a “hold” rating in a research note on Monday, May 20th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus 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.