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

Douglas Emmett, Inc. (NYSE:DEI) was the target of a large growth in short interest in June. As of June 30th, there was short interest totalling 1,588,100 shares, a growth of 9.2% from the May 30th total of 1,454,300 shares. Based on an average daily trading volume, of 802,300 shares, the short-interest ratio is presently 2.0 days. Currently, 1.0% of the shares of the company are sold short.

Separately, Zacks Investment Research lowered shares of Farmers & Merchants Bancorp, Inc. (OH) from a “hold” rating to a “strong sell” rating in a research note on Thursday, May 9th. Six equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $41.33.

NYSE:DEI traded down $0.17 during trading hours on Tuesday, hitting $40.38. The stock had a trading volume of 2,288 shares, compared to its average volume of 642,126. The business’s 50 day moving average price is $40.75. The company has a debt-to-equity ratio of 1.09, a current ratio of 2.00 and a quick ratio of 2.00. Douglas Emmett has a one year low of $32.32 and a one year high of $42.41. The stock has a market cap of $6.92 billion, a price-to-earnings ratio of 20.01, a price-to-earnings-growth ratio of 3.14 and a beta of 0.70.

Douglas Emmett (NYSE:DEI) last announced its quarterly earnings results on Thursday, May 2nd. The real estate investment trust reported $0.52 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.52. Douglas Emmett had a net margin of 13.45% and a return on equity of 3.01%. The firm had revenue of $224.19 million during the quarter, compared to the consensus estimate of $227.52 million. During the same period last year, the firm earned $0.49 EPS. The business’s quarterly revenue was up 5.6% compared to the same quarter last year. Research analysts predict that Douglas Emmett will post 2.11 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, July 12th. Shareholders of record on Friday, June 28th were issued a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 2.58%. The ex-dividend date of this dividend was Thursday, June 27th. Douglas Emmett’s payout ratio is 51.49%.

In related news, Chairman Dan A. Emmett sold 40,000 shares of Douglas Emmett stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of $40.78, for a total value of $1,631,200.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 16.20% of the stock is currently owned by insiders.

A number of large investors have recently made changes to their positions in DEI. 6 Meridian lifted its holdings in shares of Douglas Emmett by 3.5% during the 1st quarter. 6 Meridian now owns 13,175 shares of the real estate investment trust’s stock worth $533,000 after acquiring an additional 443 shares during the last quarter. Louisiana State Employees Retirement System lifted its holdings in shares of Douglas Emmett by 1.2% during the 1st quarter. Louisiana State Employees Retirement System now owns 43,300 shares of the real estate investment trust’s stock worth $1,750,000 after acquiring an additional 500 shares during the last quarter. State of Alaska Department of Revenue lifted its holdings in shares of Douglas Emmett by 0.9% during the 1st quarter. State of Alaska Department of Revenue now owns 70,349 shares of the real estate investment trust’s stock worth $2,843,000 after acquiring an additional 603 shares during the last quarter. Advisor Group Inc. lifted its holdings in shares of Douglas Emmett by 8.2% during the 4th quarter. Advisor Group Inc. now owns 8,942 shares of the real estate investment trust’s stock worth $305,000 after acquiring an additional 675 shares during the last quarter. Finally, BOKF NA lifted its holdings in shares of Douglas Emmett by 5.4% during the 4th quarter. BOKF NA now owns 14,191 shares of the real estate investment trust’s stock worth $484,000 after acquiring an additional 728 shares during the last quarter. 92.43% of the stock is owned by hedge funds and other institutional investors.

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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