Douglas Emmett, Inc. Plans Quarterly Dividend of $0.19 (NYSE:DEI)

Douglas Emmett, Inc. (NYSE:DEI) declared a quarterly dividend on Thursday, February 27th, RTT News reports. Shareholders of record on Monday, March 31st will be paid a dividend of 0.19 per share by the real estate investment trust on Tuesday, April 15th. This represents a $0.76 dividend on an annualized basis and a yield of 4.39%. The ex-dividend date of this dividend is Monday, March 31st.

Douglas Emmett has decreased its dividend by an average of 7.2% per year over the last three years. Douglas Emmett has a dividend payout ratio of -690.9% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect Douglas Emmett to earn $1.49 per share next year, which means the company should continue to be able to cover its $0.76 annual dividend with an expected future payout ratio of 51.0%.

Douglas Emmett Price Performance

Shares of Douglas Emmett stock opened at $17.31 on Friday. The business’s 50-day moving average price is $17.53 and its 200-day moving average price is $17.66. The company has a current ratio of 4.32, a quick ratio of 4.09 and a debt-to-equity ratio of 1.50. Douglas Emmett has a 12 month low of $12.50 and a 12 month high of $20.50. The firm has a market capitalization of $2.90 billion, a PE ratio of 133.16 and a beta of 1.11.

Douglas Emmett (NYSE:DEI) last posted its quarterly earnings results on Tuesday, February 4th. The real estate investment trust reported $0.38 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.06) by $0.44. Douglas Emmett had a return on equity of 0.63% and a net margin of 2.38%. Sell-side analysts forecast that Douglas Emmett will post 1.45 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms recently weighed in on DEI. Evercore ISI lifted their price target 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. Scotiabank upgraded Douglas Emmett from a “sector perform” rating to a “sector outperform” rating and boosted their price target for the stock from $16.00 to $21.00 in a research note on Thursday, November 14th. StockNews.com cut Douglas Emmett from a “hold” rating to a “sell” rating in a research note on Thursday, February 6th. Piper Sandler upgraded Douglas Emmett from a “neutral” rating to an “overweight” rating and set a $20.00 price objective for the company in a research report on Monday, January 13th. Finally, Jefferies Financial Group upped their price objective on Douglas Emmett from $17.00 to $18.00 and gave the company a “hold” rating in a research report on Thursday, January 2nd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, Douglas Emmett 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.