Douglas Emmett (NYSE:DEI) Releases Earnings Results, Beats Estimates By $0.44 EPS

Douglas Emmett (NYSE:DEI) posted its quarterly earnings data on Tuesday. The real estate investment trust reported $0.38 EPS for the quarter, beating analysts’ consensus estimates 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 Stock Performance

Shares of Douglas Emmett stock traded down $0.15 during trading on Tuesday, hitting $17.91. 1,709,881 shares of the company’s stock traded hands, compared to its average volume of 1,871,758. The company has a debt-to-equity ratio of 1.51, a current ratio of 4.09 and a quick ratio of 4.09. The stock has a market capitalization of $3.00 billion, a P/E ratio of -179.05 and a beta of 1.11. The business has a 50-day simple moving average of $18.46 and a 200-day simple moving average of $17.43. Douglas Emmett has a 1 year low of $12.35 and a 1 year high of $20.50.

Douglas Emmett Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of brokerages have commented on DEI. Janney Montgomery Scott reaffirmed a “neutral” rating on shares of Douglas Emmett in a research report on Wednesday, January 15th. Evercore ISI upped their target price on Douglas Emmett from $16.00 to $19.00 and gave the company an “in-line” rating in a research report on Thursday, November 7th. Piper Sandler raised Douglas Emmett from a “neutral” rating to an “overweight” rating and set a $20.00 target price for the company in a research note on Monday, January 13th. Jefferies Financial Group boosted their price target on Douglas Emmett from $17.00 to $18.00 and gave the company a “hold” rating in a research note on Thursday, January 2nd. Finally, Scotiabank raised shares of Douglas Emmett from a “sector perform” rating to a “sector outperform” rating and raised their price objective for the stock from $16.00 to $21.00 in a research report on Thursday, November 14th. Six analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $18.75.

About Douglas Emmett

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.