Douglas Emmett (NYSE:DEI - Get Free Report) updated its FY 2024 earnings guidance on Wednesday. The company provided EPS guidance of 1.640-1.700 for the period, compared to the consensus EPS estimate of 1.670. The company issued revenue guidance of -.
Douglas Emmett Stock Up 1.4 %
Douglas Emmett stock traded up $0.19 during midday trading on Wednesday, hitting $13.93. 2,808,486 shares of the stock were exchanged, compared to its average volume of 1,861,646. The company has a quick ratio of 4.91, a current ratio of 4.91 and a debt-to-equity ratio of 1.44. The stock has a market capitalization of $2.33 billion, a price-to-earnings ratio of -52.88 and a beta of 1.05. Douglas Emmett has a 52-week low of $10.09 and a 52-week high of $16.12. The business's 50-day moving average price is $13.44 and its 200-day moving average price is $13.37.
Douglas Emmett Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 16th. Investors of record on Thursday, March 28th were given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 5.46%. The ex-dividend date was Wednesday, March 27th. Douglas Emmett's payout ratio is -292.31%.
Wall Street Analyst Weigh In
Separately, Piper Sandler decreased their target price on Douglas Emmett from $17.00 to $15.00 and set a neutral rating for the company in a research report on Friday, March 22nd. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, Douglas Emmett currently has an average rating of Hold and a consensus target price of $13.67.
Check Out Our Latest Report on Douglas Emmett
About Douglas Emmett
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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.
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