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

Douglas Emmett, Inc. (NYSE:DEI) was the recipient of a significant decline in short interest in the month of June. As of June 15th, there was short interest totalling 19,510,000 shares, a decline of 6.2% from the May 31st total of 20,810,000 shares. Currently, 12.1% of the company’s shares are sold short. Based on an average trading volume of 1,470,000 shares, the short-interest ratio is currently 13.3 days.

Douglas Emmett Trading Up 0.6 %

DEI opened at $13.49 on Thursday. Douglas Emmett has a 52-week low of $10.76 and a 52-week high of $16.12. 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 business’s 50-day simple moving average is $13.64 and its 200 day simple moving average is $13.72.

Douglas Emmett Dividend Announcement

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 paid a $0.19 dividend. The ex-dividend date is Friday, June 28th. This represents a $0.76 annualized dividend and a yield of 5.63%. Douglas Emmett’s dividend payout ratio is -245.16%.

Insider Buying and Selling at Douglas Emmett

In other news, Director William E. Simon, Jr. acquired 45,000 shares of Douglas Emmett stock in a transaction dated Monday, June 10th. The stock was bought at an average cost of $13.15 per share, with a total value of $591,750.00. Following the completion of the transaction, the director now directly owns 45,000 shares of the company’s stock, valued at $591,750. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 14.70% of the company’s stock.

Institutional Trading of Douglas Emmett

Several institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. raised its stake in Douglas Emmett by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 26,187,297 shares of the real estate investment trust’s stock valued at $379,716,000 after buying an additional 229,301 shares during the period. Wellington Management Group LLP raised its stake in Douglas Emmett by 1.7% in the fourth 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 buying an additional 156,761 shares during the period. First Pacific Advisors LP raised its stake in Douglas Emmett by 10.5% in the fourth quarter. First Pacific Advisors LP now owns 5,546,488 shares of the real estate investment trust’s stock valued at $80,424,000 after buying an additional 527,036 shares during the period. Centersquare Investment Management LLC raised its stake in Douglas Emmett by 20.8% in the first quarter. Centersquare Investment Management LLC now owns 4,363,009 shares of the real estate investment trust’s stock valued at $59,817,000 after buying an additional 751,419 shares during the period. Finally, Rush Island Management LP raised its stake in Douglas Emmett by 271.4% in the third quarter. Rush Island Management LP now owns 4,152,516 shares of the real estate investment trust’s stock valued at $52,986,000 after buying an additional 3,034,375 shares during the period. Institutional investors own 97.37% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on DEI shares. StockNews.com raised Douglas Emmett from a “sell” rating to a “hold” rating in a research report on Monday, May 20th. Piper Sandler reduced their price objective on Douglas Emmett from $17.00 to $15.00 and set a “neutral” rating for the company in a research report on Friday, March 22nd. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average 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.