Stock Traders Purchase High Volume of Douglas Emmett Put Options (NYSE:DEI)

Douglas Emmett, Inc. (NYSE:DEI) was the target of some unusual options trading on Monday. Investors acquired 2,535 put options on the stock. This is an increase of 545% compared to the typical volume of 393 put options.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. Scotiabank raised their price target on Douglas Emmett from $14.00 to $16.00 and gave the stock a “sector perform” rating in a report on Monday, August 26th. Evercore ISI raised their price target on Douglas Emmett from $15.00 to $16.00 and gave the stock an “in-line” rating in a report on Wednesday, August 28th. Piper Sandler raised their price target on Douglas Emmett from $15.00 to $16.00 and gave the stock a “neutral” rating in a report on Monday, August 12th. StockNews.com raised Douglas Emmett from a “sell” rating to a “hold” rating in a report on Monday, May 20th. Finally, JPMorgan Chase & Co. raised their price target on Douglas Emmett from $15.00 to $18.00 and gave the stock a “neutral” rating in a report on Monday. Eight investment analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $15.67.

Institutional Investors Weigh In On Douglas Emmett

A number of large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in Douglas Emmett by 0.9% during the fourth quarter. Vanguard Group Inc. now owns 26,187,297 shares of the real estate investment trust’s stock valued at $379,716,000 after purchasing an additional 229,301 shares in the last quarter. Wellington Management Group LLP increased its holdings in Douglas Emmett by 1.7% during the 4th quarter. Wellington Management Group LLP now owns 9,358,733 shares of the real estate investment trust’s stock valued at $135,702,000 after purchasing an additional 156,761 shares during the period. Massachusetts Financial Services Co. MA increased its holdings in Douglas Emmett by 2.1% during 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 purchasing an additional 165,425 shares during the period. First Pacific Advisors LP increased its holdings in Douglas Emmett by 10.5% during the 4th quarter. First Pacific Advisors LP now owns 5,546,488 shares of the real estate investment trust’s stock valued at $80,424,000 after purchasing an additional 527,036 shares during the period. Finally, Centersquare Investment Management LLC increased its holdings in Douglas Emmett by 20.8% during the 1st quarter. Centersquare Investment Management LLC now owns 4,363,009 shares of the real estate investment trust’s stock valued at $59,817,000 after purchasing an additional 751,419 shares during the period. Hedge funds and other institutional investors own 97.37% of the company’s stock.

Douglas Emmett Price Performance

NYSE:DEI opened at $15.69 on Tuesday. The firm has a market capitalization of $2.63 billion, a price-to-earnings ratio of -50.60 and a beta of 1.10. Douglas Emmett has a 52-week low of $10.76 and a 52-week high of $16.57. The stock has a fifty day moving average of $14.98 and a 200 day moving average of $14.04. The company has a debt-to-equity ratio of 1.47, a quick ratio of 5.11 and a current ratio of 5.11.

Douglas Emmett (NYSE:DEI) last posted its quarterly earnings data on Thursday, August 8th. The real estate investment trust reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.37). The business had revenue of $245.80 million for the quarter, compared to the consensus estimate of $246.62 million. Douglas Emmett had a negative net margin of 3.55% and a negative return on equity of 0.88%. Douglas Emmett’s quarterly revenue was down 3.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.48 EPS. On average, research analysts expect that Douglas Emmett will post 1.67 EPS for the current fiscal year.

Douglas Emmett Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 16th. Shareholders of record on Monday, September 30th will be given a dividend of $0.19 per share. The ex-dividend date is Monday, September 30th. This represents a $0.76 dividend on an annualized basis and a yield of 4.85%. Douglas Emmett’s payout ratio is -245.16%.

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.