Douglas Emmett (DEI) Scheduled to Post Quarterly Earnings on Tuesday

Douglas Emmett (NYSE:DEI) will post its quarterly earnings results after the market closes on Tuesday, May 7th. Analysts expect Douglas Emmett to post earnings of $0.44 per share for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.

Douglas Emmett Trading Up 0.8 %

Shares of NYSE:DEI opened at $13.85 on Friday. The company has a current ratio of 4.91, a quick ratio of 4.91 and a debt-to-equity ratio of 1.44. The stock has a market capitalization of $2.32 billion, a PE ratio of -53.27 and a beta of 1.05. Douglas Emmett has a 1 year low of $10.09 and a 1 year high of $16.12. The firm has a fifty day moving average price of $13.42 and a 200 day moving average price of $13.33.

Douglas Emmett Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 16th. Stockholders of record on Thursday, March 28th were paid a dividend of $0.19 per share. The ex-dividend date was Wednesday, March 27th. This represents a $0.76 annualized dividend and a dividend yield of 5.49%. Douglas Emmett’s dividend payout ratio (DPR) is presently -292.31%.

Wall Street Analyst Weigh In

Separately, Piper Sandler reduced their target price on Douglas Emmett from $17.00 to $15.00 and set a “neutral” rating for the company in a report on Friday, March 22nd. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $13.67.

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.