Douglas Emmett (DEI) Expected to Announce Earnings on Tuesday

Douglas Emmett (NYSE:DEI - Get Free Report) is expected to be releasing its earnings data after the market closes on Tuesday, February 4th. Analysts expect Douglas Emmett to post earnings of ($0.06) per share and revenue of $245.03 million for the quarter. Douglas Emmett has set its FY24 guidance at $1.69-1.73 EPS and its FY 2024 guidance at 1.690-1.730 EPS.Individual that wish to listen to the company's conference call can do so using this link.

Douglas Emmett (NYSE:DEI - Get Free Report) last released its quarterly earnings results on Monday, November 4th. The real estate investment trust reported $0.03 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.41 by ($0.38). The company had revenue of $250.75 million for the quarter, compared to analyst estimates of $242.75 million. Douglas Emmett had a negative net margin of 1.68% and a negative return on equity of 0.43%. Douglas Emmett's revenue for the quarter was down 1.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.45 EPS. On average, analysts expect Douglas Emmett to post $2 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Douglas Emmett Stock Down 0.1 %

Shares of Douglas Emmett stock traded down $0.02 on Friday, hitting $18.27. The company had a trading volume of 536,308 shares, compared to its average volume of 1,885,251. The stock has a market capitalization of $3.06 billion, a price-to-earnings ratio of -182.49 and a beta of 1.11. The company has a debt-to-equity ratio of 1.51, a quick ratio of 4.09 and a current ratio of 4.09. Douglas Emmett has a 1 year low of $12.35 and a 1 year high of $20.50. The stock has a 50 day moving average of $18.50 and a 200-day moving average of $17.36.

Douglas Emmett Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 4.16%. The ex-dividend date was Tuesday, December 31st. Douglas Emmett's dividend payout ratio is -760.00%.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on DEI. Jefferies Financial Group raised their price target on shares of Douglas Emmett from $17.00 to $18.00 and gave the company a "hold" rating in a research report on Thursday, January 2nd. Janney Montgomery Scott restated a "neutral" rating on shares of Douglas Emmett in a research note on Wednesday, January 15th. Wedbush raised 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 report on Thursday, January 2nd. Piper Sandler raised Douglas Emmett from a "neutral" rating to an "overweight" rating and set a $20.00 price objective on the stock in a research report on Monday, January 13th. Finally, Scotiabank raised Douglas Emmett from a "sector perform" rating to a "sector outperform" rating and raised their target price for the company from $16.00 to $21.00 in a research report on Thursday, November 14th. Six investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average price target of $18.75.

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.