Douglas Emmett (NYSE:DEI) Issues Earnings Results, Meets Estimates

Key Points

• Douglas Emmett (NYSE:DEI) reported $0.37 earnings per share for the quarter, meeting analysts' estimates, but down from $0.46 EPS from the same quarter last year.
• The company has updated its FY 2025 guidance to a range of $1.430 to $1.470 EPS and declared a quarterly dividend yielding 5.0%.
• Institutional investors hold a significant 97.37% of the company's stock, signaling strong institutional confidence in Douglas Emmett's performance.

Douglas Emmett (NYSE:DEI - Get Free Report) released its quarterly earnings data on Tuesday. The real estate investment trust reported $0.37 EPS for the quarter, hitting the consensus estimate of $0.37, Zacks reports. The company had revenue of $252.43 million during the quarter, compared to the consensus estimate of $250.98 million. Douglas Emmett had a net margin of 3.77% and a return on equity of 1.04%. Douglas Emmett's revenue for the quarter was up 2.4% on a year-over-year basis. During the same period last year, the firm earned $0.46 EPS. Douglas Emmett updated its FY 2025 guidance to 1.430-1.470 EPS.

Douglas Emmett Price Performance

Shares of NYSE DEI traded down $0.13 during mid-day trading on Friday, reaching $14.40. 1,624,498 shares of the company were exchanged, compared to its average volume of 1,561,917. Douglas Emmett has a 52 week low of $12.39 and a 52 week high of $20.50. The company has a quick ratio of 3.89, a current ratio of 3.49 and a debt-to-equity ratio of 1.55. The stock has a market capitalization of $2.41 billion, a PE ratio of 65.43 and a beta of 1.26. The company's 50 day moving average price is $15.19 and its 200 day moving average price is $15.45.

Douglas Emmett Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th were issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 5.3%. The ex-dividend date of this dividend was Monday, June 30th. Douglas Emmett's payout ratio is currently 345.45%.

Analysts Set New Price Targets

DEI has been the subject of several analyst reports. BMO Capital Markets set a $17.00 price objective on shares of Douglas Emmett and gave the stock a "market perform" rating in a report on Wednesday, July 16th. Scotiabank cut their price target on shares of Douglas Emmett from $21.00 to $19.00 and set a "sector outperform" rating for the company in a report on Monday, July 14th. Wall Street Zen downgraded shares of Douglas Emmett from a "hold" rating to a "sell" rating in a report on Saturday. Wells Fargo & Company cut their price target on shares of Douglas Emmett from $20.00 to $16.00 and set an "overweight" rating for the company in a report on Monday, May 19th. Finally, Piper Sandler cut their price target on shares of Douglas Emmett from $20.00 to $18.00 and set an "overweight" rating for the company in a report on Friday, May 23rd. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $17.78.

Institutional Trading of Douglas Emmett

A number of hedge funds have recently made changes to their positions in the stock. Cetera Investment Advisers lifted its holdings in shares of Douglas Emmett by 6.7% during the 2nd quarter. Cetera Investment Advisers now owns 12,220 shares of the real estate investment trust's stock worth $184,000 after acquiring an additional 766 shares during the last quarter. Creative Planning raised its position in Douglas Emmett by 6.7% in the 2nd quarter. Creative Planning now owns 21,024 shares of the real estate investment trust's stock worth $316,000 after purchasing an additional 1,317 shares during the period. Intech Investment Management LLC raised its position in Douglas Emmett by 33.4% in the 1st quarter. Intech Investment Management LLC now owns 83,994 shares of the real estate investment trust's stock worth $1,344,000 after purchasing an additional 21,035 shares during the period. Empowered Funds LLC raised its position in Douglas Emmett by 8.4% in the 1st quarter. Empowered Funds LLC now owns 24,086 shares of the real estate investment trust's stock worth $385,000 after purchasing an additional 1,864 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Douglas Emmett by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 96,105 shares of the real estate investment trust's stock worth $1,538,000 after purchasing an additional 4,186 shares during the period. 97.37% of the stock is owned by institutional investors.

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.