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.
Douglas Emmett Price Performance
Shares of NYSE:DEI traded down $0.01 during midday trading on Friday, reaching $22.04. 739,267 shares of the company traded hands, compared to its average volume of 1,233,372. The stock's 50-day simple moving average is $23.50 and its 200-day simple moving average is $28.47. The company has a debt-to-equity ratio of 1.23, a quick ratio of 2.99 and a current ratio of 3.04. Douglas Emmett has a 12 month low of $21.35 and a 12 month high of $36.97. The firm has a market cap of $3.87 billion, a PE ratio of 44.98, a PEG ratio of 2.05 and a beta of 0.92.
Douglas Emmett (NYSE:DEI - Get Rating) last posted its earnings results on Monday, August 1st. The real estate investment trust reported $0.14 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.14. Douglas Emmett had a return on equity of 2.14% and a net margin of 9.78%. The company had revenue of $247.00 million during the quarter, compared to analyst estimates of $245.29 million. During the same period in the previous year, the company earned $0.47 EPS. The company's revenue for the quarter was up 9.8% compared to the same quarter last year. As a group, equities analysts anticipate that Douglas Emmett will post 2.05 earnings per share for the current fiscal year.
Douglas Emmett Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, July 15th. Shareholders of record on Thursday, June 30th were issued a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 5.08%. The ex-dividend date of this dividend was Wednesday, June 29th. Douglas Emmett's dividend payout ratio is 228.58%.
Wall Street Analysts Forecast Growth
Several research analysts have issued reports on the stock. Raymond James lowered their price objective on shares of Douglas Emmett from $38.00 to $28.00 and set an "outperform" rating on the stock in a research report on Thursday. Evercore ISI set a $33.00 price objective on shares of Douglas Emmett in a research report on Monday, June 20th. JPMorgan Chase & Co. lowered their target price on shares of Douglas Emmett from $38.00 to $32.00 in a report on Tuesday, June 7th. Piper Sandler decreased their price objective on shares of Douglas Emmett to $30.00 in a research note on Monday, July 4th. Finally, Credit Suisse Group initiated coverage on shares of Douglas Emmett in a research note on Wednesday, June 22nd. They issued an "outperform" rating and a $27.00 target price for the company. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, Douglas Emmett has a consensus rating of "Moderate Buy" and an average target price of $28.86.