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 opened at $22.70 on Monday. The company has a current ratio of 3.04, a quick ratio of 3.04 and a debt-to-equity ratio of 1.23. The firm has a market cap of $3.99 billion, a PE ratio of 46.33, a price-to-earnings-growth ratio of 2.11 and a beta of 0.92. The company's 50 day simple moving average is $22.93 and its 200-day simple moving average is $28.12. Douglas Emmett has a 12-month low of $21.35 and a 12-month high of $36.97.
Douglas Emmett (NYSE:DEI - Get Rating) last released its earnings results on Monday, August 1st. The real estate investment trust reported $0.14 EPS for the quarter, meeting analysts' consensus estimates of $0.14. The company had revenue of $247.00 million during the quarter, compared to the consensus estimate of $245.29 million. Douglas Emmett had a return on equity of 2.14% and a net margin of 9.78%. Douglas Emmett's quarterly revenue was up 9.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.47 earnings per share. As a group, equities analysts predict that Douglas Emmett will post 2.05 EPS for the current year.
Douglas Emmett Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, July 15th. Stockholders of record on Thursday, June 30th were paid a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 4.93%. The ex-dividend date was Wednesday, June 29th. Douglas Emmett's dividend payout ratio is currently 228.58%.
Analyst Upgrades and Downgrades
Several equities research analysts recently commented on the stock. Wells Fargo & Company cut their price target on shares of Douglas Emmett from $38.00 to $28.00 and set an "overweight" rating for the company in a report on Friday, July 1st. Evercore ISI set a $33.00 target price on shares of Douglas Emmett in a research report on Monday, June 20th. Credit Suisse Group assumed coverage on shares of Douglas Emmett in a research report on Wednesday, June 22nd. They issued an "outperform" rating and a $27.00 target price on the stock. JPMorgan Chase & Co. decreased their target price on shares of Douglas Emmett from $38.00 to $32.00 in a research report on Tuesday, June 7th. Finally, Piper Sandler decreased their target price on shares of Douglas Emmett to $30.00 in a research report on Monday, July 4th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $28.86.