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

Douglas Emmett, Inc. (NYSE:DEI) was the target of a large decrease in short interest in the month of October. As of October 31st, there was short interest totalling 2,050,000 shares, a decrease of 12.4% from the September 30th total of 2,340,000 shares. Approximately 1.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 729,500 shares, the days-to-cover ratio is currently 2.8 days.

NYSE DEI traded up $0.05 during mid-day trading on Friday, hitting $43.88. The stock had a trading volume of 592,684 shares, compared to its average volume of 629,158. The firm’s 50 day moving average is $42.83 and its 200 day moving average is $41.55. Douglas Emmett has a twelve month low of $32.32 and a twelve month high of $43.86. The company has a debt-to-equity ratio of 1.05, a current ratio of 2.38 and a quick ratio of 3.74. The stock has a market capitalization of $7.69 billion, a price-to-earnings ratio of 21.72, a PEG ratio of 3.31 and a beta of 0.65.

Douglas Emmett (NYSE:DEI) last posted its quarterly earnings data on Tuesday, November 5th. The real estate investment trust reported $0.13 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.51 by ($0.38). Douglas Emmett had a net margin of 12.05% and a return on equity of 2.83%. The firm had revenue of $238.07 million during the quarter, compared to analyst estimates of $237.69 million. During the same period in the prior year, the company posted $0.51 earnings per share. The firm’s revenue for the quarter was up 6.6% compared to the same quarter last year. As a group, equities research analysts expect that Douglas Emmett will post 2.1 earnings per share for the current year.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. First Trust Advisors LP raised its stake in Douglas Emmett by 52.9% in the 2nd quarter. First Trust Advisors LP now owns 88,194 shares of the real estate investment trust’s stock valued at $3,514,000 after purchasing an additional 30,520 shares during the last quarter. Altshuler Shaham Ltd grew its holdings in Douglas Emmett by 102.2% in the 2nd quarter. Altshuler Shaham Ltd now owns 2,218 shares of the real estate investment trust’s stock valued at $89,000 after buying an additional 1,121 shares in the last quarter. Renaissance Technologies LLC grew its holdings in Douglas Emmett by 17.3% in the 2nd quarter. Renaissance Technologies LLC now owns 4,798,800 shares of the real estate investment trust’s stock valued at $191,184,000 after buying an additional 706,200 shares in the last quarter. Janus Henderson Group PLC purchased a new stake in Douglas Emmett in the 2nd quarter valued at $959,000. Finally, Exane Derivatives purchased a new stake in Douglas Emmett in the 2nd quarter valued at $194,000. 91.85% of the stock is owned by hedge funds and other institutional investors.

Several research analysts have recently weighed in on DEI shares. Robert W. Baird set a $51.00 target price on Douglas Emmett and gave the stock a “buy” rating in a research note on Wednesday, August 21st. ValuEngine raised Douglas Emmett from a “sell” rating to a “hold” rating in a research note on Friday, November 1st. Raymond James increased their price objective on Douglas Emmett from $45.00 to $47.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. Barclays reissued a “hold” rating and issued a $47.00 price objective on shares of Douglas Emmett in a research note on Sunday, October 13th. Finally, BMO Capital Markets reissued a “hold” rating and issued a $45.00 price objective on shares of Douglas Emmett in a research note on Wednesday, November 6th. Six research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $45.14.

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.

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