Douglas Emmett (NYSE:DEI) Announces Quarterly Earnings Results, Hits 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 earnings per share for the quarter, meeting analysts' consensus estimates of $0.37, Zacks reports. Douglas Emmett had a net margin of 3.77% and a return on equity of 1.03%. The company had revenue of $252.43 million during the quarter, compared to analysts' expectations of $250.98 million. During the same quarter in the previous year, the company earned $0.46 earnings per share. The firm's revenue for the quarter was up 2.4% on a year-over-year basis. Douglas Emmett updated its FY 2025 guidance to 1.430-1.470 EPS.

Douglas Emmett Trading Down 1.1%

Douglas Emmett stock traded down $0.16 during trading on Thursday, hitting $14.53. The company had a trading volume of 2,078,447 shares, compared to its average volume of 1,952,701. The stock has a market cap of $2.43 billion, a price-to-earnings ratio of 66.03 and a beta of 1.26. The company has a current ratio of 3.89, a quick ratio of 3.89 and a debt-to-equity ratio of 1.54. Douglas Emmett has a 1-year low of $12.39 and a 1-year high of $20.50. The company's 50 day simple moving average is $15.19 and its 200-day simple moving average is $15.49.

Douglas Emmett Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Monday, June 30th were given a dividend of $0.19 per share. The ex-dividend date of this dividend was Monday, June 30th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 5.2%. Douglas Emmett's dividend payout ratio (DPR) is presently 237.50%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on DEI. Scotiabank reduced their price target on Douglas Emmett from $21.00 to $19.00 and set a "sector outperform" rating for the company in a report on Monday, July 14th. Wells Fargo & Company reduced their target price on Douglas Emmett from $20.00 to $16.00 and set an "overweight" rating for the company in a research note on Monday, May 19th. BMO Capital Markets set a $17.00 target price on Douglas Emmett and gave the company a "market perform" rating in a research report on Wednesday, July 16th. 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. Finally, Wall Street Zen raised shares of Douglas Emmett from a "sell" rating to a "hold" rating in a report on Monday, May 12th. Seven analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $17.78.

Institutional Investors Weigh In On Douglas Emmett

A number of institutional investors have recently modified their holdings of the company. Royal Bank of Canada grew its position in Douglas Emmett by 43.4% in the 1st quarter. Royal Bank of Canada now owns 29,746 shares of the real estate investment trust's stock valued at $476,000 after acquiring an additional 9,007 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Douglas Emmett by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 96,105 shares of the real estate investment trust's stock valued at $1,538,000 after purchasing an additional 4,186 shares during the period. Empowered Funds LLC grew its holdings in shares of Douglas Emmett by 8.4% in the first quarter. Empowered Funds LLC now owns 24,086 shares of the real estate investment trust's stock valued at $385,000 after purchasing an additional 1,864 shares in the last quarter. Finally, Intech Investment Management LLC increased its stake in Douglas Emmett by 33.4% during 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 buying an additional 21,035 shares during the period. 97.37% of the stock is owned by institutional investors and hedge funds.

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.