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 Stock Performance
Shares of DEI traded up $0.07 during trading hours on Friday, hitting $22.70. The company's stock had a trading volume of 1,078,181 shares, compared to its average volume of 1,323,317. The company has a market cap of $3.99 billion, a price-to-earnings ratio of 46.33, a PEG ratio of 2.11 and a beta of 0.92. The company has a debt-to-equity ratio of 1.23, a current ratio of 3.04 and a quick ratio of 2.99. The business has a 50 day simple moving average of $22.93 and a two-hundred day simple moving average of $28.15. Douglas Emmett has a 52-week low of $21.35 and a 52-week high of $36.97.
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 for the quarter, hitting the consensus estimate of $0.14. The firm had revenue of $247.00 million during the quarter, compared to the consensus estimate of $245.29 million. Douglas Emmett had a net margin of 9.78% and a return on equity of 2.14%. The company's revenue was up 9.8% on a year-over-year basis. During the same quarter last year, the company earned $0.47 earnings per share. On average, equities analysts expect 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. Investors of record on Thursday, June 30th were paid a dividend of $0.28 per share. The ex-dividend date of this dividend was Wednesday, June 29th. This represents a $1.12 annualized dividend and a yield of 4.93%. Douglas Emmett's dividend payout ratio is currently 228.58%.
Wall Street Analysts Forecast Growth
A number of research analysts recently weighed in on DEI shares. Wells Fargo & Company dropped their price target on shares of Douglas Emmett from $38.00 to $28.00 and set an "overweight" rating on the stock in a research report on Friday, July 1st. Jefferies Financial Group lowered their price objective on shares of Douglas Emmett from $31.00 to $24.00 and set a "hold" rating on the stock in a research report on Thursday, June 30th. 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, August 4th. Credit Suisse Group began coverage on shares of Douglas Emmett in a research report on Wednesday, June 22nd. They issued an "outperform" rating and a $27.00 price objective on the stock. Finally, Evercore ISI set a $33.00 price objective on shares of Douglas Emmett in a research report on Monday, June 20th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $28.86.