Douglas Emmett (DEI) Set to Announce Quarterly Earnings on Tuesday

Douglas Emmett (NYSE:DEI - Get Free Report) will be releasing its earnings data after the market closes on Tuesday, May 7th. Analysts expect Douglas Emmett to post earnings of $0.44 per share for the quarter. Investors that wish to listen to the company's conference call can do so using this link.

Douglas Emmett Stock Performance

Shares of Douglas Emmett stock traded down $0.10 on Tuesday, hitting $13.71. The stock had a trading volume of 2,058,946 shares, compared to its average volume of 1,872,228. The stock has a market cap of $2.29 billion, a price-to-earnings ratio of -52.73 and a beta of 1.07. The company has a current ratio of 4.91, a quick ratio of 4.91 and a debt-to-equity ratio of 1.44. Douglas Emmett has a 52-week low of $10.09 and a 52-week high of $16.12. The company's 50 day moving average price is $13.40 and its 200 day moving average price is $13.31.

Douglas Emmett Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 16th. Shareholders of record on Thursday, March 28th were paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 5.54%. The ex-dividend date was Wednesday, March 27th. Douglas Emmett's dividend payout ratio is currently -292.31%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on DEI shares. Piper Sandler cut their target price on shares of Douglas Emmett from $17.00 to $15.00 and set a "neutral" rating on the stock in a report on Friday, March 22nd. Jefferies Financial Group raised shares of Douglas Emmett from an "underperform" rating to a "hold" rating and upped their target price for the company from $10.00 to $15.00 in a report on Tuesday, January 2nd. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $13.67.

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.