Douglas Emmett (NYSE:DEI – Get Free Report) is scheduled to announce its earnings results after the market closes on Tuesday, August 1st. Analysts expect the company to announce earnings of $0.48 per share for the quarter. Investors that are interested in registering for the company’s conference call can do so using this link.
Douglas Emmett Price Performance
Shares of NYSE DEI opened at $13.77 on Tuesday. Douglas Emmett has a twelve month low of $10.09 and a twelve month high of $23.85. The company has a current ratio of 2.54, a quick ratio of 2.54 and a debt-to-equity ratio of 1.24. The company has a market capitalization of $2.34 billion, a price-to-earnings ratio of 27.00 and a beta of 0.96. The business has a 50 day simple moving average of $12.49 and a 200-day simple moving average of $13.30.
Douglas Emmett Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Tuesday, July 18th. Stockholders of record on Friday, June 30th were issued a $0.19 dividend. The ex-dividend date was Thursday, June 29th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 5.52%. Douglas Emmett’s dividend payout ratio (DPR) is 149.02%.
Insider Transactions at Douglas Emmett
In other Douglas Emmett news, Director William E. Simon, Jr. purchased 10,000 shares of the firm’s stock in a transaction dated Thursday, June 8th. The stock was bought at an average price of $12.42 per share, with a total value of $124,200.00. Following the completion of the purchase, the director now owns 91,000 shares in the company, valued at approximately $1,130,220. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 13.40% of the company’s stock.
Institutional Trading of Douglas Emmett
Several institutional investors have recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in shares of Douglas Emmett by 0.5% in the third quarter. Vanguard Group Inc. now owns 25,142,146 shares of the real estate investment trust’s stock valued at $450,799,000 after buying an additional 135,881 shares during the period. BlackRock Inc. lifted its holdings in shares of Douglas Emmett by 3.8% during the first quarter. BlackRock Inc. now owns 21,032,102 shares of the real estate investment trust’s stock valued at $259,326,000 after purchasing an additional 772,207 shares during the last quarter. State Street Corp lifted its holdings in shares of Douglas Emmett by 0.4% during the first quarter. State Street Corp now owns 9,648,978 shares of the real estate investment trust’s stock valued at $120,760,000 after purchasing an additional 40,555 shares during the last quarter. Norges Bank purchased a new stake in shares of Douglas Emmett during the fourth quarter valued at $114,497,000. Finally, Price T Rowe Associates Inc. MD lifted its holdings in shares of Douglas Emmett by 91.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 7,155,765 shares of the real estate investment trust’s stock valued at $88,232,000 after purchasing an additional 3,411,463 shares during the last quarter. Institutional investors and hedge funds own 97.37% of the company’s stock.
Analysts Set New Price Targets
A number of equities research analysts have recently weighed in on DEI shares. Piper Sandler upgraded Douglas Emmett from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $13.00 to $15.00 in a report on Wednesday, April 5th. StockNews.com upgraded Douglas Emmett from a “sell” rating to a “hold” rating in a research note on Saturday, June 24th. BMO Capital Markets lowered their price objective on Douglas Emmett from $13.00 to $12.00 and set an “underperform” rating for the company in a research note on Wednesday, March 29th. JPMorgan Chase & Co. lowered their price objective on Douglas Emmett from $20.00 to $15.00 and set a “neutral” rating for the company in a research note on Monday, April 10th. Finally, Evercore ISI lowered their price objective on Douglas Emmett from $17.00 to $16.00 in a research note on Monday, March 27th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $15.78.
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.
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