What Analysts Think About Douglas Emmett Inc. (NYSE: DEI)’s Potential Raise

The trading price of Douglas Emmett Inc. (NYSE:DEI) closed higher on Tuesday, May 23, closing at $11.80, 0.68% higher than its previous close.

Traders who pay close attention to intraday price movement should know that it fluctuated between $11.72 and $12.36. The company’s P/E ratio in the trailing 12-month period was 23.27, while its 5Y monthly beta was 0.96. In examining the 52-week price action we see that the stock hit a 52-week high of $28.21 and a 52-week low of $10.09. Over the past month, the stock has lost -6.42% in value.

Douglas Emmett Inc., whose market valuation is $1.97 billion at the time of this writing, is expected to release its quarterly earnings report Jul 31, 2023 – Aug 04, 2023. The dividend yield on the company stock is 6.44%, while its Forward Dividend ratio is 0.76. Investors’ optimism about the company’s current quarter earnings report is understandable.

A company’s earnings reviews provide a brief indication of a stock’s direction in the short term, where in the case of Douglas Emmett Inc. No upward and no downward comments were posted in the last 7 days. On the technical side, indicators suggest DEI has a 50% Sell on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 100% Sell, while an average of long term indicators suggests that the stock is currently 100% Sell.

If we dig deeper into the stock’s outlook, we see that the stock’s PEG is 3.92, which symbolizes a positive outlook. A quick review shows that DEI’s price is currently 1.49% off the SMA20 and -1.43% off the SMA50. The RSI metric on the 14-day chart is currently showing 51.38, and weekly volatility stands at 5.63%. When measured over the past 30 days, the indicator reaches 4.85%. Douglas Emmett Inc. (NYSE:DEI)’s beta value is currently sitting at 0.97, while the Average True Range indicator is currently displaying 0.56.

To see how Douglas Emmett Inc. stock has been performing in comparison to its peers in the industry, here are the numbers: DEI stock’s performance was 0.68% in the latest trading, and -56.06% in the past year, while Veris Residential Inc. (VRE) has traded 0.55% on the day and positioned 14.34% higher than it was a year ago. Another comparable company Corporate Office Properties Trust (OFC) saw its stock close 0.35% higher in the most recent trading session but was down -14.09% in a year. Furthermore, The Macerich Company (MAC) showed a decrease of -3.38% on the day while its price kept declining at -14.84% over the past year. Douglas Emmett Inc. has a P/E ratio of 23.27. Also in last trading session, the S&P 500 Index has plunged -1.12%, while the Dow Jones Industrial also saw a negative session, down -0.69% on the day.

An evaluation of the daily trading volume of Douglas Emmett Inc. (NYSE:DEI) indicates that the 3-month average is 3.15 million. However, this figure has increased over the past 10 days to an average of 3.21 million.

Currently, records show that 175.76 million of the company’s shares remain outstanding. The insiders hold 1.90% of outstanding shares, whereas institutions hold 93.80%. The stats also highlight that short interest as of Apr 27, 2023, stood at 14.78 million shares, resulting in a short ratio of 5.11 at that time. From this, we can conclude that short interest is 8.70% of the company’s total outstanding shares. It is noteworthy that short shares in April were down slightly from the previous month’s figure, which was 15.84 million. However, since the stock’s price has seen -24.74% year-to-date, investors’ interest is likely to be reignited due to its potential to move even lower.