Douglas Emmett, Inc. Plans Quarterly Dividend of $0.19 (NYSE:DEI)

Douglas Emmett, Inc. (NYSE:DEI) declared a quarterly dividend on Thursday, February 27th, RTT News reports. Investors of record on Monday, March 31st will be paid a dividend of 0.19 per share by the real estate investment trust on Tuesday, April 15th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 4.52%.

Douglas Emmett has decreased its dividend payment by an average of 7.2% per year over the last three years. Douglas Emmett has a payout ratio of -690.9% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect Douglas Emmett to earn $1.49 per share next year, which means the company should continue to be able to cover its $0.76 annual dividend with an expected future payout ratio of 51.0%.

Douglas Emmett Price Performance

Douglas Emmett stock traded up $0.13 during midday trading on Thursday, reaching $16.80. 1,396,425 shares of the stock traded hands, compared to its average volume of 1,952,385. The stock’s fifty day moving average is $17.56 and its 200-day moving average is $17.64. Douglas Emmett has a 12 month low of $12.50 and a 12 month high of $20.50. The stock has a market cap of $2.81 billion, a P/E ratio of 129.26 and a beta of 1.11. The company has a quick ratio of 4.09, a current ratio of 4.32 and a debt-to-equity ratio of 1.50.

Douglas Emmett (NYSE:DEI) last posted its quarterly earnings data on Tuesday, February 4th. The real estate investment trust reported $0.38 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.06) by $0.44. Douglas Emmett had a return on equity of 0.63% and a net margin of 2.38%. As a group, equities research analysts anticipate that Douglas Emmett will post 1.45 EPS for the current year.

Analysts Set New Price Targets

Several brokerages recently weighed in on DEI. Wedbush upgraded shares of Douglas Emmett from a “neutral” rating to an “outperform” rating and increased their price target for the stock from $19.00 to $21.00 in a report on Thursday, January 2nd. StockNews.com cut shares of Douglas Emmett from a “hold” rating to a “sell” rating in a research note on Thursday, February 6th. Scotiabank raised shares of Douglas Emmett from a “sector perform” rating to a “sector outperform” rating and increased their price target for the company from $16.00 to $21.00 in a research note on Thursday, November 14th. Jefferies Financial Group increased their price target on shares of Douglas Emmett from $17.00 to $18.00 and gave the company a “hold” rating in a research note on Thursday, January 2nd. Finally, Evercore ISI increased their price target on Douglas Emmett from $16.00 to $19.00 and gave the stock an “in-line” rating in a report on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, Douglas Emmett currently has an average rating of “Hold” and a consensus target price of $18.75.

Douglas Emmett Company Profile

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.