Douglas Emmett, Inc. (NYSE:DEI) is seeing a significant drop in short interest

VaselineSeptember 2, 2024

0 3 minutes read

Douglas Emmett, Inc. (NYSE:DEI – Get Free Report ) saw a large drop in short interest in August. As of August 15th, there was short interest totaling 20,280,000 shares, down 5.4% from July 31st’s total of 21,430,000 shares. Currently, 12.6% of the company’s shares are short sold. Based on an average daily trading volume of 1,500,000 shares, the days-to-cover ratio is currently 13.5 days.

Douglas Emmett trades down 0.4%

Shares of DEI opened at $16.00 on Monday. The company has a debt-to-equity ratio of 1.47, a quick ratio of 5.11, and a current ratio of 5.11. The stock has a fifty day simple moving average of $14.74 and a two hundred day simple moving average of $13.96. The firm has a market cap of $2.68 billion, a PE ratio of -51.61 and a beta of 1.09. Douglas Emmett has a 52 week low of $10.76 and a 52 week high of $16.57.

Douglas Emmett (NYSE:DEI – Get Your Free Report ) last posted its quarterly earnings results on Thursday, August 8th. The real estate investment trust reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.37). The business had revenue of $245.80 million during the quarter, compared to analysts’ expectations of $246.62 million. Douglas Emmett had a negative return on equity of 0.88% and a negative net margin of 3.55%. The company’s revenue for the quarter was down 3.0% year over year. During the same period last year, the firm posted earnings of $0.48 per share. On average, analysts predict that Douglas Emmett will post 1.67 EPS for the current fiscal year.

Analyst upgrades and downgrades

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Several analysts recently weighed in on DEI shares. Piper Sandler raised their target price on shares of Douglas Emmett from $15.00 to $16.00 and gave the company a “neutral” rating in a report on Monday, August 12th. Scotiabank upped their target price on shares of Douglas Emmett from $14.00 to $16.00 and gave the company a “sector perform” rating in a research report on Monday, August 26th. StockNews.com raised shares of Douglas Emmett from a “sell” rating to a “hold” rating in a report on Monday, May 20th. Finally, Evercore ISI boosted their target price on shares of Douglas Emmett from $15.00 to $16.00 and gave the company an “in-line” rating in a research report on Wednesday, August 28th . Seven investment analysts have rated the stock with a hold rating. The company has a consensus rating of “Hold” and a consensus price target of $15.20, according to MarketBeat.

See the latest stock report on Douglas Emmett

Insider activity at Douglas Emmett

In other news, Director William E. Simon, Jr. purchased 45,000 shares of the company’s stock in a transaction dated Monday, June 10th. The stock was bought at an average cost of $13.15 per share, for a total transaction of $591,750.00. Following the completion of the acquisition, the director now owns 45,000 shares in the company, valued at approximately $591,750. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 14.70% of shares are currently owned by company insiders.

Hedge funds weigh in on Douglas Emmett

Institutional investors have recently bought and sold shares of the business. Wolverine Asset Management LLC bought a new stake in Douglas Emmett in the second quarter valued at about $32,000. Frazier Financial Advisors LLC bought a new position in shares of Douglas Emmett in the 4th quarter valued at approximately $46,000. Quarry LP boosted its holdings in Douglas Emmett by 155.0% during the second quarter. Quarry LP now owns 4,121 shares of the real estate investment trust’s stock valued at $55,000 after buying an additional 2,505 shares during the period. Aspire Private Capital LLC lifted its position in Douglas Emmett by 20.0% in the second quarter. Aspire Private Capital LLC now owns 9,537 shares of the real estate investment trust’s stock worth $127,000 after buying an additional 1,592 shares during the last quarter. Finally, Xponance Inc. purchased a new position in Douglas Emmett in the second quarter worth $137,000. Institutional investors own 97.37% of the company’s shares.

Douglas Emmett Company Profile

(Get a free report)

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 major coastal submarkets of Los Angeles and Honolulu. Douglas Emmett focuses on owning and acquiring a substantial share of prime office properties and prime multifamily communities in neighborhoods that have significant supply constraints, high-quality housing and key lifestyle amenities.