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

Douglas Emmett, Inc. (NYSE:DEI - Get Free Report) declared a quarterly dividend on Tuesday, December 17th,Wall Street Journal reports. Shareholders of record on Tuesday, December 31st will be paid a dividend of 0.19 per share by the real estate investment trust on Wednesday, January 15th. This represents a $0.76 annualized dividend and a yield of 3.74%. The ex-dividend date is Tuesday, December 31st.

Douglas Emmett has increased its dividend payment by an average of 10.3% annually over the last three years. Douglas Emmett has a payout ratio of -447.1% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect Douglas Emmett to earn $1.50 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 50.7%.

Douglas Emmett Trading Up 0.2 %

Shares of NYSE:DEI traded up $0.04 during mid-day trading on Tuesday, reaching $20.32. 1,040,982 shares of the company's stock were exchanged, compared to its average volume of 1,603,332. 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 twelve month low of $12.35 and a twelve month high of $20.50. The firm has a market capitalization of $3.40 billion, a price-to-earnings ratio of -202.80 and a beta of 1.11. The business's fifty day moving average price is $18.76 and its 200-day moving average price is $16.39.

Douglas Emmett (NYSE:DEI - Get Free Report) last announced its earnings results on Monday, November 4th. The real estate investment trust reported $0.03 EPS for the quarter, missing the consensus estimate 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 return on equity of 0.43% and a negative net margin of 1.68%. The firm's quarterly revenue was down 1.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.45 earnings per share. On average, research analysts predict that Douglas Emmett will post 1.7 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on DEI. JPMorgan Chase & Co. raised their price target on shares of Douglas Emmett from $15.00 to $18.00 and gave the stock a "neutral" rating in a report on Monday, September 9th. Scotiabank raised shares of Douglas Emmett from a "sector perform" rating to a "sector outperform" rating and lifted their target price for the stock from $16.00 to $21.00 in a research note on Thursday, November 14th. Citigroup boosted their target price on shares of Douglas Emmett from $14.00 to $16.00 and gave the company a "neutral" rating in a report on Thursday, September 12th. Wells Fargo & Company increased their price target on Douglas Emmett from $15.00 to $17.00 and gave the stock an "overweight" rating in a report on Wednesday, September 11th. Finally, Evercore ISI boosted their price objective on Douglas Emmett from $16.00 to $19.00 and gave the company an "in-line" rating in a research note on Thursday, November 7th. Six research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $17.43.

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.