Douglas Emmett (NYSE:DEI) Issues Earnings Results

Douglas Emmett (NYSE:DEI) posted its earnings results on Tuesday. The real estate investment trust reported ($0.05) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.05), FiscalAI reports. The firm had revenue of $260.86 million during the quarter, compared to analyst estimates of $256.76 million. Douglas Emmett had a negative net margin of 2.27% and a negative return on equity of 0.66%.

Douglas Emmett Stock Performance

Shares of DEI stock traded down $0.29 on Tuesday, hitting $9.84. The company had a trading volume of 2,084,303 shares, compared to its average volume of 2,355,656. The company has a 50-day moving average price of $10.35 and a 200-day moving average price of $10.88. The company has a quick ratio of 2.60, a current ratio of 2.60 and a debt-to-equity ratio of 1.63. The firm has a market cap of $1.65 billion, a P/E ratio of -65.57 and a beta of 1.18. Douglas Emmett has a twelve month low of $9.04 and a twelve month high of $12.99.

Douglas Emmett Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th were issued a dividend of $0.19 per share. The ex-dividend date of this dividend was Wednesday, September 30th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 7.7%. Douglas Emmett’s payout ratio is -506.67%.

Wall Street Analysts Forecast Growth

DEI has been the subject of a number of research reports. Wall Street Zen raised shares of Douglas Emmett from a “sell” rating to a “hold” rating in a research note on Saturday, August 15th. Scotiabank cut their price objective on Douglas Emmett from $13.00 to $12.00 and set a “sector perform” rating on the stock in a research report on Thursday, September 17th. Piper Sandler lowered their price objective on Douglas Emmett from $14.00 to $11.00 and set a “neutral” rating for the company in a research note on Monday, October 12th. Cantor Fitzgerald upped their target price on shares of Douglas Emmett from $12.00 to $13.00 and gave the company a “neutral” rating in a research note on Friday, August 7th. Finally, JPMorgan Chase & Co. upped their target price on shares of Douglas Emmett from $15.00 to $16.00 and gave the company a “neutral” rating in a report on Wednesday, September 9th. One research analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $13.14.

Douglas Emmett Company Profile

Douglas Emmett, Inc (NYSE: DEI) is a self-administered and self-managed real estate investment trust (REIT) that owns, acquires, develops, redevelops and manages office and multifamily apartment properties. The company focuses on high-quality assets in supply-constrained markets with strong employment and housing demand.

Douglas Emmett’s portfolio is concentrated in Southern California and Honolulu. Its office properties are primarily located in prominent Los Angeles submarkets, including Century City, Brentwood, Westwood, Santa Monica, Warner Center and the Wilshire Corridor.