Perhaps timely catching Douglas Emmett Inc. (DEI) would be a good idea

Douglas Emmett Inc. (NYSE: DEI) stock fell -1.15% on Thursday to $11.17 against a previous-day closing price of $11.30. With 3.4 million shares changed hands, the volume of the stock remained heavier than its average volume of 3.23 million shares. During the session, the REIT – Office company that operates in wider Real Estate sector, reached to the highest price of $11.31 whereas the lowest price it dropped to was $11.05. The 52-week range on DEI shows that it touched its highest point at $28.21 and its lowest point at $10.09 during that stretch. It currently has a 1-year price target of $13.64. With its current market cap of 1.86 billion, DEI has annualized dividend of $0.76 while the current yield stands at 6.80%. Beta for the stock currently stands at 0.97.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of DEI was up-trending over the past week, with a rise of 1.36%, but this was down by -9.92% over a month. Three-month performance dropped to -22.59% while six-month performance fell -33.43%. The stock lost -58.58% in the past year, while it has lost -28.76% so far this year. A look at the trailing 12-month EPS for DEI yields 0.51 with Next year EPS estimates of 0.21. For the next quarter, that number is 0.09. This implies an EPS growth rate of 49.20% for this year and -38.78% for next year. EPS is expected to grow by 5.93% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -1.20%.

Float and Shares Shorts:

At present, 175.76 million DEI shares are outstanding with a float of 168.28 million shares on hand for trading. On May 14, 2023, short shares totaled 17.73 million, which was 10.44% higher than short shares on Apr 13, 2023. In addition to Mr. Dan A. Emmett as the firm’s Exec. Chairman, Mr. Jordan L. Kaplan serves as its Pres, CEO & Director.

Institutional Ownership:

Through their ownership of 100.82% of DEI’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 64.03% of DEI, in contrast to 4.51% held by mutual funds. Shares owned by individuals account for 39.54%. As the largest shareholder in DEI with 14.23% of the stake, The Vanguard Group, Inc. holds 25,011,591 shares worth 25,011,591. A second-largest stockholder of DEI, BlackRock Fund Advisors, holds 16,795,192 shares, controlling over 9.55% of the firm’s shares. First Eagle Investment Management is the third largest shareholder in DEI, holding 13,869,108 shares or 7.89% stake. With a 4.67% stake in DEI, the First Eagle Global Fund is the largest stakeholder. A total of 8,215,068 shares are owned by the mutual fund manager. The Vanguard Real Estate Index Fund, which owns about 4.39% of DEI stock, is the second-largest Mutual Fund holder. It holds 7,726,633 shares valued at 99.52 million. Government Pension Fund – Global holds 4.15% of the stake in DEI, owning 7,302,083 shares worth 94.05 million.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Mar 30, 2023, DEI reported revenue of $246.97M and operating income of $59.49M. The EBITDA in the recently reported quarter was $154.05M and diluted EPS was $0.14.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for DEI since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With DEI analysts setting a high price target of $17.00 and a low target of $9.00, the average target price over the next 12 months is $13.75. Based on these targets, DEI could surge 52.19% to reach the target high and fall by -19.43% to reach the target low. Reaching the average price target will result in a growth of 23.1% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.

Summary of Insider Activity:

Insiders traded DEI stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has increased to 6 while that of sell transactions has remained unmoved to 0 over the past year. The total number of shares bought during that period was 420,950 while 0 shares were sold.

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