Short Interest in Douglas Emmett, Inc. (NYSE:DEI) Declines By 7.9%

Douglas Emmett, Inc. (NYSE:DEIGet Free Report) saw a large decrease in short interest in May. As of May 15th, there was short interest totalling 19,610,000 shares, a decrease of 7.9% from the April 30th total of 21,290,000 shares. Approximately 12.2% of the company’s shares are sold short. Based on an average daily volume of 1,550,000 shares, the short-interest ratio is presently 12.7 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in DEI. Frazier Financial Advisors LLC purchased a new stake in shares of Douglas Emmett in the fourth quarter worth approximately $46,000. GAMMA Investing LLC purchased a new stake in shares of Douglas Emmett in the fourth quarter worth approximately $43,000. Quarry LP purchased a new stake in shares of Douglas Emmett in the fourth quarter worth approximately $57,000. Metis Global Partners LLC purchased a new stake in shares of Douglas Emmett in the fourth quarter worth approximately $156,000. Finally, Altfest L J & Co. Inc. purchased a new stake in shares of Douglas Emmett in the fourth quarter worth approximately $183,000. Institutional investors own 97.37% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on DEI shares. Piper Sandler cut their target price on Douglas Emmett from $17.00 to $15.00 and set a “neutral” rating on the stock in a research report on Friday, March 22nd. StockNews.com upgraded Douglas Emmett from a “sell” rating to a “hold” rating in a research report on Monday, May 20th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, Douglas Emmett currently has an average rating of “Hold” and a consensus target price of $13.67.

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Douglas Emmett Stock Down 0.8 %

Shares of NYSE:DEI opened at $13.84 on Tuesday. The business’s 50 day simple moving average is $13.63 and its two-hundred day simple moving average is $13.68. The firm has a market cap of $2.32 billion, a P/E ratio of -44.65 and a beta of 1.08. The company has a debt-to-equity ratio of 1.45, a quick ratio of 4.42 and a current ratio of 4.42. Douglas Emmett has a 52-week low of $10.76 and a 52-week high of $16.12.

Douglas Emmett Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 16th. Shareholders of record on Friday, June 28th will be issued a $0.19 dividend. The ex-dividend date of this dividend is Friday, June 28th. This represents a $0.76 annualized dividend and a yield of 5.49%. Douglas Emmett’s payout ratio is currently -245.16%.

Douglas Emmett Company Profile

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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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