Douglas Emmett (NYSE:DEI) Announces Quarterly Earnings Results

Douglas Emmett (NYSE:DEI) released its earnings results on Tuesday. The real estate investment trust reported $0.38 EPS for the quarter, topping the consensus estimate of ($0.06) by $0.44, Zacks reports. Douglas Emmett had a negative net margin of 1.68% and a negative return on equity of 0.43%.

Douglas Emmett Price Performance

Shares of Douglas Emmett stock traded down $0.15 during trading on Tuesday, hitting $17.91. 1,709,881 shares of the company were exchanged, compared to its average volume of 1,869,022. The firm has a 50 day moving average price of $18.46 and a 200 day moving average price of $17.43. The stock has a market capitalization of $3.00 billion, a price-to-earnings ratio of -179.05 and a beta of 1.11. The company has a quick ratio of 4.09, a current ratio of 4.09 and a debt-to-equity ratio of 1.51. Douglas Emmett has a fifty-two week low of $12.35 and a fifty-two week high of $20.50.

Douglas Emmett Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were paid a dividend of $0.19 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $0.76 dividend on an annualized basis and a dividend yield of 4.24%. Douglas Emmett’s dividend payout ratio (DPR) is -760.00%.

Wall Street Analysts Forecast Growth

DEI has been the subject of several research analyst reports. Janney Montgomery Scott reiterated a “neutral” rating on shares of Douglas Emmett in a research report on Wednesday, January 15th. Evercore ISI increased their price target on shares of Douglas Emmett from $16.00 to $19.00 and gave the company an “in-line” rating in a report on Thursday, November 7th. Piper Sandler raised shares of Douglas Emmett from a “neutral” rating to an “overweight” rating and set a $20.00 price objective on the stock in a report on Monday, January 13th. Wedbush raised shares of Douglas Emmett from a “neutral” rating to an “outperform” rating and increased their target price for the company from $19.00 to $21.00 in a report on Thursday, January 2nd. Finally, Jefferies Financial Group lifted their price target on shares of Douglas Emmett from $17.00 to $18.00 and gave the company a “hold” rating in a research report on Thursday, January 2nd. Six analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, Douglas Emmett currently has a consensus rating of “Hold” and an average price target 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.