Douglas Emmett (NYSE:DEI) Posts Earnings Results, Beats Expectations By $0.44 EPS

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

Douglas Emmett Stock Down 0.8 %

DEI stock traded down $0.15 during midday trading on Tuesday, reaching $17.91. 1,709,881 shares of the company were exchanged, compared to its average volume of 1,869,022. The stock’s 50-day simple moving average is $18.46 and its 200 day simple moving average is $17.43. Douglas Emmett has a 1-year low of $12.35 and a 1-year high of $20.50. The company has a debt-to-equity ratio of 1.51, a quick ratio of 4.09 and a current ratio of 4.09. The company has a market cap of $3.00 billion, a price-to-earnings ratio of -179.05 and a beta of 1.11.

Douglas Emmett Announces Dividend

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

Wall Street Analysts Forecast Growth

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