Today’s Shorts Alert: Time to Reconsider Douglas Emmett Incorporated (NYSE:DEI) After More Short Sellers?

December 1, 2016 - By Darrin Black   ·   0 Comments

Today's Shorts Alert: Time to Reconsider Douglas Emmett Incorporated (NYSE:DEI) After More Short Sellers?

The stock of Douglas Emmett Incorporated (NYSE:DEI) registered an increase of 6.77% in short interest. DEI’s total short interest was 3.67 million shares in December as published by FINRA. Its up 6.77% from 3.44 million shares, reported previously. With 581,000 shares average volume, it will take short sellers 6 days to cover their DEI’s short positions. The short interest to Douglas Emmett Incorporated’s float is 2.59%. The stock closed at $36.69 during the last session. It is down 12.10% since April 28, 2016 and is uptrending. It has outperformed by 6.17% the S&P500.

Douglas Emmett, Inc. is a self-administered and self-managed real estate investment trust. The company has a market cap of $5.48 billion. The Firm is owner and operator of office and multifamily properties located in submarkets in California and Hawaii. It has a 70.34 P/E ratio. The Firm operates in two divisions: the acquisition, development, ownership and management of office real estate, and the acquisition, development, ownership and management of multifamily real estate.

Insitutional Activity: The institutional sentiment increased to 1.23 in 2016 Q2. Its up 0.13, from 1.1 in 2016Q1. The ratio improved, as 15 funds sold all Douglas Emmett, Inc. shares owned while 74 reduced positions. 13 funds bought stakes while 85 increased positions. They now own 145.75 million shares or 3.99% more from 140.16 million shares in 2016Q1.
Arizona State Retirement System last reported 59,636 shares in the company. Renaissance Tech Ltd Liability owns 178,800 shares or 0.01% of their US portfolio. Schroder Group Incorporated reported 2.16 million shares or 0.15% of all its holdings. The New York-based Teachers Advisors Inc has invested 0.01% in Douglas Emmett, Inc. (NYSE:DEI). Sumitomo Mitsui Tru Holding accumulated 100,962 shares or 0.01% of the stock. Menta Cap Ltd Liability last reported 53,720 shares in the company. Tiaa Cref Limited Liability holds 248,012 shares or 0.01% of its portfolio. Geode Mgmt Lc holds 0.02% of its portfolio in Douglas Emmett, Inc. (NYSE:DEI) for 1.06 million shares. Sarasin & Ptnrs Llp last reported 49,470 shares in the company. Oregon Employees Retirement Fund holds 0.04% of its portfolio in Douglas Emmett, Inc. (NYSE:DEI) for 46,574 shares. Heitman Real Securities Ltd Liability last reported 104,708 shares in the company. Jacobs Levy Equity Mngmt Inc holds 0.01% or 7,520 shares in its portfolio. The California-based Aperio Group Inc Limited Liability has invested 0.01% in Douglas Emmett, Inc. (NYSE:DEI). Eaton Vance has 12,126 shares for 0% of their US portfolio. Utah Retirement has invested 0.03% of its portfolio in Douglas Emmett, Inc. (NYSE:DEI).

Insider Transactions: Since June 16, 2016, the stock had 0 buys, and 6 selling transactions for $30.15 million net activity. Emmett Dan A had sold 140,000 shares worth $5.11 million on Thursday, October 20.

Douglas Emmett, Inc. (NYSE:DEI) Ratings Coverage

Out of 12 analysts covering Douglas Emmett (NYSE:DEI), 7 rate it a “Buy”, 2 “Sell”, while 3 “Hold”. This means 58% are positive. Douglas Emmett has been the topic of 28 analyst reports since August 6, 2015 according to StockzIntelligence Inc. The rating was upgraded by Mizuho on Monday, September 21 to “Buy”. The firm earned “Underweight” rating on Monday, August 29 by Barclays Capital. Zacks upgraded the shares of DEI in a report on Monday, September 21 to “Buy” rating. The firm has “Buy” rating given on Wednesday, September 9 by Bank of America. As per Tuesday, July 19, the company rating was maintained by Barclays Capital. The stock has “Sector Weight” rating given by KeyBanc Capital Markets on Monday, December 14. Stifel Nicolaus downgraded the stock to “Sell” rating in Thursday, February 11 report. The firm has “Buy” rating by Evercore given on Tuesday, September 8. The rating was downgraded by Mizuho to “Neutral” on Thursday, August 4. The stock of Douglas Emmett, Inc. (NYSE:DEI) earned “Underweight” rating by Barclays Capital on Wednesday, March 23.

DEI Company Profile

Douglas Emmett, Inc., incorporated on June 28, 2005, is a self-administered and self-managed real estate investment trust (REIT). The Firm is owner and operator of office and multifamily properties located in submarkets in California and Hawaii. The Firm operates in two divisions: the acquisition, development, ownership and management of office real estate, and the acquisition, development, ownership and management of multifamily real estate. The services for its office segment include primarily rental of office space and other tenant services, including parking and storage space rental. The services for its multifamily segment include primarily rental of apartments and other tenant services, including parking and storage space rental. It focuses on owning, acquiring developing and managing a substantial share of office properties and multifamily communities in neighborhoods. Through its interest in Douglas Emmett Properties, LP (operating partnership) and its subsidiaries, including its investments in its unconsolidated institutional real estate funds (Funds), it owns or partially owns, develops and manages real estate, consisting primarily of office and multifamily properties.

Another recent and important Douglas Emmett, Inc. (NYSE:DEI) news was published by Prnewswire.com which published an article titled: “Douglas Emmett And QIA Acquire Westwood Office Portfolio” on March 01, 2016.

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By Darrin Black


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