Wedbush Issues Positive Estimate for Douglas Emmett Earnings

Douglas Emmett, Inc. (NYSE:DEI - Free Report) - Stock analysts at Wedbush raised their FY2024 EPS estimates for shares of Douglas Emmett in a report issued on Wednesday, November 13th. Wedbush analyst R. Anderson now anticipates that the real estate investment trust will post earnings per share of $1.71 for the year, up from their previous estimate of $1.67. The consensus estimate for Douglas Emmett's current full-year earnings is $1.70 per share.

Douglas Emmett (NYSE:DEI - Get Free Report) last posted its earnings results on Monday, November 4th. The real estate investment trust reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.41 by ($0.38). Douglas Emmett had a negative net margin of 1.68% and a negative return on equity of 0.43%. The business had revenue of $250.75 million for the quarter, compared to analysts' expectations of $242.75 million. During the same quarter last year, the business posted $0.45 earnings per share. The business's revenue was down 1.8% compared to the same quarter last year.

Several other research analysts also recently weighed in on the company. Piper Sandler boosted their price target on Douglas Emmett from $15.00 to $16.00 and gave the company a "neutral" rating in a report on Monday, August 12th. Wells Fargo & Company boosted their price target on Douglas Emmett from $15.00 to $17.00 and gave the company an "overweight" rating in a report on Wednesday, September 11th. Evercore ISI boosted their price target on Douglas Emmett from $16.00 to $19.00 and gave the company an "in-line" rating in a report on Thursday, November 7th. Citigroup boosted their price target on Douglas Emmett from $14.00 to $16.00 and gave the company a "neutral" rating in a report on Thursday, September 12th. Finally, JPMorgan Chase & Co. boosted their price target on Douglas Emmett from $15.00 to $18.00 and gave the company a "neutral" rating in a report on Monday, September 9th. Six equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, Douglas Emmett currently has a consensus rating of "Hold" and a consensus target price of $17.43.

Douglas Emmett Trading Down 0.5 %

Shares of NYSE DEI traded down $0.10 during midday trading on Friday, reaching $18.38. 1,742,239 shares of the stock were exchanged, compared to its average volume of 1,659,503. The company has a current ratio of 4.09, a quick ratio of 5.11 and a debt-to-equity ratio of 1.51. The company has a market capitalization of $3.08 billion, a P/E ratio of -183.90 and a beta of 1.10. The stock has a 50 day moving average price of $17.74 and a 200-day moving average price of $15.52. Douglas Emmett has a 52-week low of $11.08 and a 52-week high of $19.59.

Institutional Trading of Douglas Emmett

A number of institutional investors have recently added to or reduced their stakes in the business. Inspire Investing LLC boosted its position in Douglas Emmett by 3.4% during the 2nd quarter. Inspire Investing LLC now owns 26,491 shares of the real estate investment trust's stock worth $353,000 after purchasing an additional 883 shares during the period. Arizona State Retirement System boosted its position in Douglas Emmett by 2.2% in the 2nd quarter. Arizona State Retirement System now owns 46,850 shares of the real estate investment trust's stock valued at $624,000 after buying an additional 1,027 shares during the last quarter. HighTower Advisors LLC boosted its position in Douglas Emmett by 9.6% in the 3rd quarter. HighTower Advisors LLC now owns 13,335 shares of the real estate investment trust's stock valued at $234,000 after buying an additional 1,171 shares during the last quarter. GAMMA Investing LLC boosted its position in Douglas Emmett by 44.6% in the 3rd quarter. GAMMA Investing LLC now owns 3,811 shares of the real estate investment trust's stock valued at $67,000 after buying an additional 1,175 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. boosted its position in Douglas Emmett by 0.6% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 211,400 shares of the real estate investment trust's stock valued at $3,714,000 after buying an additional 1,300 shares during the last quarter. 97.37% of the stock is owned by hedge funds and other institutional investors.

Douglas Emmett Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 16th. Investors of record on Monday, September 30th were given a dividend of $0.19 per share. The ex-dividend date was Monday, September 30th. This represents a $0.76 dividend on an annualized basis and a yield of 4.13%. Douglas Emmett's dividend payout ratio (DPR) is -760.00%.

Douglas Emmett Company Profile

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.