FY2024 EPS Estimates for Douglas Emmett Increased by Analyst

Douglas Emmett, Inc. (NYSE:DEI) – Analysts at Wedbush raised their FY2024 earnings estimates for shares of Douglas Emmett in a report issued on Wednesday, November 13th. Wedbush analyst R. Anderson now expects 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.

DEI has been the topic of a number of other research reports. Wells Fargo & Company lifted their price target on Douglas Emmett from $15.00 to $17.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 11th. JPMorgan Chase & Co. increased their price target on shares of Douglas Emmett from $15.00 to $18.00 and gave the stock a “neutral” rating in a research report on Monday, September 9th. Scotiabank upgraded Douglas Emmett from a “sector perform” rating to a “sector outperform” rating and lifted their price target for the company from $16.00 to $21.00 in a report on Thursday. Piper Sandler increased 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. Finally, Citigroup boosted their price target on Douglas Emmett from $14.00 to $16.00 and gave the stock a “neutral” rating in a research report on Thursday, September 12th. Six equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $17.43.

Douglas Emmett Stock Performance

Shares of NYSE DEI opened at $18.39 on Friday. Douglas Emmett has a 52-week low of $11.08 and a 52-week high of $19.59. The stock has a market capitalization of $3.08 billion, a price-to-earnings ratio of -183.90 and a beta of 1.10. The company has a quick ratio of 5.11, a current ratio of 4.09 and a debt-to-equity ratio of 1.51. The stock’s fifty day simple moving average is $17.79 and its 200 day simple moving average is $15.56.

Douglas Emmett (NYSE:DEI) last posted its quarterly earnings results on Monday, November 4th. The real estate investment trust reported $0.03 earnings per share (EPS) 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 company had revenue of $250.75 million during the quarter, compared to the consensus estimate of $242.75 million. During the same period in the prior year, the company posted $0.45 EPS. Douglas Emmett’s quarterly revenue was down 1.8% on a year-over-year basis.

Douglas Emmett Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 16th. Stockholders of record on Monday, September 30th were paid a $0.19 dividend. The ex-dividend date of this dividend was Monday, September 30th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 4.13%. Douglas Emmett’s payout ratio is presently -760.00%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of DEI. Inspire Investing LLC increased its position in Douglas Emmett by 3.4% during the second quarter. Inspire Investing LLC now owns 26,491 shares of the real estate investment trust’s stock worth $353,000 after acquiring an additional 883 shares during the period. Arizona State Retirement System grew 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 worth $624,000 after purchasing an additional 1,027 shares during the last quarter. HighTower Advisors LLC increased its holdings in shares of Douglas Emmett by 9.6% during the 3rd quarter. HighTower Advisors LLC now owns 13,335 shares of the real estate investment trust’s stock worth $234,000 after purchasing an additional 1,171 shares during the period. GAMMA Investing LLC raised its position in shares of Douglas Emmett by 44.6% during the third 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. lifted its stake in shares of Douglas Emmett by 0.6% in the third 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 period. 97.37% of the stock is currently owned by institutional investors and hedge funds.

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.