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.
Wall Street Analysts Forecast Growth
A number of research firms have recently weighed in on DEI. JPMorgan Chase & Co. cut their price objective on shares of Douglas Emmett from $38.00 to $32.00 in a research note on Tuesday, June 7th. Credit Suisse Group began coverage on shares of Douglas Emmett in a report on Wednesday, June 22nd. They set an "outperform" rating and a $27.00 price target on the stock. Evercore ISI set a $33.00 price target on shares of Douglas Emmett in a report on Monday, June 20th. Jefferies Financial Group lowered their price target on shares of Douglas Emmett from $31.00 to $24.00 and set a "hold" rating on the stock in a report on Thursday, June 30th. Finally, Wells Fargo & Company lowered their price target on shares of Douglas Emmett from $38.00 to $28.00 and set an "overweight" rating on the stock in a report on Friday, July 1st. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $28.86.
Douglas Emmett Price Performance
DEI traded up $0.07 during midday trading on Friday, hitting $22.70. 1,078,181 shares of the company traded hands, compared to its average volume of 1,323,317. The company has a current ratio of 3.04, a quick ratio of 2.99 and a debt-to-equity ratio of 1.23. The company has a market capitalization of $3.99 billion, a price-to-earnings ratio of 46.33, a PEG ratio of 2.11 and a beta of 0.92. Douglas Emmett has a 52-week low of $21.35 and a 52-week high of $36.97. The business has a 50 day simple moving average of $22.93 and a two-hundred day simple moving average of $28.13.
Douglas Emmett (NYSE:DEI - Get Rating) last announced its quarterly earnings data on Monday, August 1st. The real estate investment trust reported $0.14 earnings per share for the quarter, meeting analysts' consensus estimates of $0.14. Douglas Emmett had a net margin of 9.78% and a return on equity of 2.14%. The firm had revenue of $247.00 million during the quarter, compared to analysts' expectations of $245.29 million. During the same quarter in the previous year, the business posted $0.47 earnings per share. The business's quarterly revenue was up 9.8% compared to the same quarter last year. On average, equities analysts forecast that Douglas Emmett will post 2.05 earnings per share for the current fiscal year.
Douglas Emmett Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, July 15th. Shareholders of record on Thursday, June 30th were issued a $0.28 dividend. The ex-dividend date was Wednesday, June 29th. This represents a $1.12 dividend on an annualized basis and a yield of 4.93%. Douglas Emmett's dividend payout ratio (DPR) is 228.58%.