Douglas Emmett (DEI) to Release Quarterly Earnings on Monday

Douglas Emmett (NYSE:DEI - Get Free Report) is scheduled to be releasing its earnings data after the market closes on Monday, November 4th. Analysts expect Douglas Emmett to post earnings of $0.41 per share for the quarter. Douglas Emmett has set its FY24 guidance at $1.65-1.69 EPS and its FY 2024 guidance at 1.650-1.690 EPS.Individual interested in registering for the company's earnings conference call can do so using this link.

Douglas Emmett (NYSE:DEI - Get Free Report) last released its earnings results on Thursday, August 8th. The real estate investment trust reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.37). The company had revenue of $245.80 million during the quarter, compared to analyst estimates of $246.62 million. Douglas Emmett had a negative return on equity of 0.88% and a negative net margin of 3.55%. Douglas Emmett's revenue was down 3.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.48 earnings per share. 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 Trading Down 1.3 %

NYSE:DEI traded down $0.23 during trading hours on Monday, reaching $18.13. 1,282,435 shares of the company were exchanged, compared to its average volume of 1,653,151. The company has a debt-to-equity ratio of 1.47, a current ratio of 5.11 and a quick ratio of 5.11. The firm has a market cap of $3.03 billion, a price-to-earnings ratio of -59.58 and a beta of 1.11. The stock has a 50 day simple moving average of $16.98 and a 200 day simple moving average of $15.05. Douglas Emmett has a 52-week low of $10.76 and a 52-week high of $19.27.

Douglas Emmett Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 16th. Shareholders of record on Monday, September 30th were paid a dividend of $0.19 per share. The ex-dividend date of this dividend was Monday, September 30th. This represents a $0.76 annualized dividend and a yield of 4.19%. Douglas Emmett's dividend payout ratio is presently -245.16%.

Wall Street Analyst Weigh In

DEI has been the subject of several research reports. Wells Fargo & Company boosted their price objective on shares of Douglas Emmett from $15.00 to $17.00 and gave the stock an "overweight" rating in a research note on Wednesday, September 11th. Piper Sandler lifted their price target on shares of Douglas Emmett from $15.00 to $16.00 and gave the stock a "neutral" rating in a research note on Monday, August 12th. Scotiabank boosted their price target on Douglas Emmett from $14.00 to $16.00 and gave the stock a "sector perform" rating in a research note on Monday, August 26th. Evercore ISI raised their price objective on Douglas Emmett from $15.00 to $16.00 and gave the company an "in-line" rating in a research note on Wednesday, August 28th. Finally, Citigroup increased their target price on Douglas Emmett from $14.00 to $16.00 and gave the company a "neutral" rating in a research note on Thursday, September 12th. Seven equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $16.29.

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.