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

Douglas Emmett, Inc. (NYSE:DEI) announced a quarterly dividend on Friday, December 5th. Investors of record on Wednesday, December 31st will be given a dividend of 0.19 per share by the real estate investment trust on Thursday, January 15th. This represents a c) annualized dividend and a yield of 6.8%. The ex-dividend date of this dividend is Wednesday, December 31st.

Douglas Emmett has decreased its dividend by an average of 0.1%annually over the last three years. Douglas Emmett has a dividend payout ratio of -400.0% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect Douglas Emmett to earn $1.49 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 51.0%.

Douglas Emmett Trading Up 0.1%

NYSE:DEI opened at $11.20 on Monday. The company has a 50-day moving average price of $12.08 and a 200-day moving average price of $14.22. The stock has a market cap of $1.88 billion, a price-to-earnings ratio of 93.33 and a beta of 1.12. The company has a current ratio of 3.03, a quick ratio of 3.03 and a debt-to-equity ratio of 1.58. Douglas Emmett has a 12 month low of $10.92 and a 12 month high of $19.06.

Douglas Emmett (NYSE:DEI) last issued its quarterly earnings data on Tuesday, November 4th. The real estate investment trust reported $0.34 EPS for the quarter, hitting the consensus estimate of $0.34. The business had revenue of $250.58 million during the quarter, compared to analyst estimates of $252.73 million. Douglas Emmett had a net margin of 2.22% and a return on equity of 0.62%. Douglas Emmett’s quarterly revenue was up .0% compared to the same quarter last year. During the same period last year, the business posted $0.43 earnings per share. Douglas Emmett has set its FY 2025 guidance at 1.430-1.470 EPS. Equities analysts predict that Douglas Emmett will post 1.45 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages have commented on DEI. Piper Sandler lowered Douglas Emmett from an “overweight” rating to a “neutral” rating and lowered their price objective for the company from $19.00 to $14.00 in a research report on Thursday, November 6th. Scotiabank decreased their price target on shares of Douglas Emmett from $18.00 to $16.00 and set a “sector outperform” rating for the company in a research note on Monday, November 17th. Weiss Ratings reissued a “hold (c-)” rating on shares of Douglas Emmett in a research note on Monday, December 22nd. Cantor Fitzgerald lowered their target price on shares of Douglas Emmett from $16.00 to $13.00 and set a “neutral” rating for the company in a report on Thursday, November 6th. Finally, JPMorgan Chase & Co. dropped their price target on Douglas Emmett from $18.00 to $16.00 and set a “neutral” rating on the stock in a research report on Tuesday, November 25th. Three analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat.com, Douglas Emmett presently has an average rating of “Hold” and a consensus price target of $16.00.

Douglas Emmett Company Profile

Douglas Emmett, Inc is a publicly traded real estate investment trust headquartered in Santa Monica, California. The company specializes in the ownership, management and development of high?quality office and multifamily properties, primarily concentrated in the coastal regions of Los Angeles County and the Greater Honolulu area. As a vertically integrated real estate platform, Douglas Emmett controls all aspects of property operations, leasing, capital improvements and tenant relations, positioning it to deliver stable, long?term cash flows.

The company’s office portfolio consists predominantly of Class A buildings located in prime business districts, featuring modern amenities, campus-like settings and environmentally conscious design elements.