Douglas Emmett, Inc. (NYSE:DEI - Get Free Report) was the target of a significant decline in short interest in November. As of November 30th, there was short interest totalling 16,350,000 shares, a decline of 5.5% from the November 15th total of 17,300,000 shares. Currently, 10.2% of the company's stock are sold short. Based on an average daily trading volume, of 1,450,000 shares, the days-to-cover ratio is presently 11.3 days.
A number of institutional investors have recently modified their holdings of DEI. Massachusetts Financial Services Co. MA grew its stake in Douglas Emmett by 2.1% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 8,090,198 shares of the real estate investment trust's stock valued at $107,681,000 after buying an additional 165,425 shares during the last quarter. Bamco Inc. NY grew its position in shares of Douglas Emmett by 0.3% in the third quarter. Bamco Inc. NY now owns 6,389,444 shares of the real estate investment trust's stock valued at $112,263,000 after purchasing an additional 20,000 shares during the last quarter. FMR LLC increased its stake in shares of Douglas Emmett by 8.5% in the third quarter. FMR LLC now owns 4,883,814 shares of the real estate investment trust's stock worth $85,809,000 after purchasing an additional 384,371 shares during the period. Geode Capital Management LLC lifted its position in shares of Douglas Emmett by 0.7% during the 3rd quarter. Geode Capital Management LLC now owns 4,171,839 shares of the real estate investment trust's stock worth $73,312,000 after purchasing an additional 26,961 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in Douglas Emmett by 3.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,797,822 shares of the real estate investment trust's stock valued at $66,728,000 after purchasing an additional 127,274 shares during the period. Institutional investors own 97.37% of the company's stock.
DEI stock opened at $20.28 on Tuesday. The company has a current ratio of 4.09, a quick ratio of 4.09 and a debt-to-equity ratio of 1.51. The firm has a market cap of $3.40 billion, a PE ratio of -202.30 and a beta of 1.11. Douglas Emmett has a 1 year low of $12.35 and a 1 year high of $20.38. The company has a fifty day simple moving average of $18.70 and a 200 day simple moving average of $16.34.
Douglas Emmett (NYSE:DEI - Get Free Report) last released its quarterly earnings results on Monday, November 4th. The real estate investment trust reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.38). Douglas Emmett had a negative return on equity of 0.43% and a negative net margin of 1.68%. The company had revenue of $250.75 million for the quarter, compared to the consensus estimate of $242.75 million. During the same quarter last year, the company posted $0.45 EPS. The business's revenue was down 1.8% compared to the same quarter last year. Sell-side analysts anticipate that Douglas Emmett will post 1.7 EPS for the current fiscal year.
A number of equities analysts have recently weighed in on DEI shares. Citigroup upped their target price on Douglas Emmett from $14.00 to $16.00 and gave the company a "neutral" rating in a report on Thursday, September 12th. Scotiabank upgraded shares of Douglas Emmett from a "sector perform" rating to a "sector outperform" rating and increased their target price for the stock from $16.00 to $21.00 in a research report on Thursday, November 14th. JPMorgan Chase & Co. boosted their price target on shares of Douglas Emmett from $15.00 to $18.00 and gave the company a "neutral" rating in a report on Monday, September 9th. Evercore ISI increased their price objective on Douglas Emmett from $16.00 to $19.00 and gave the stock an "in-line" rating in a report on Thursday, November 7th. Finally, Wells Fargo & Company boosted their target price on Douglas Emmett from $15.00 to $17.00 and gave the company an "overweight" rating in a research note on Wednesday, September 11th. Six analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $17.43.
View Our Latest Report on DEI
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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