Douglas Emmett, Inc. (NYSE:DEI) Declares $0.26 Quarterly Dividend

Share on StockTwits

Douglas Emmett, Inc. (NYSE:DEI) declared a quarterly dividend on Thursday, May 30th, Zacks reports. Shareholders of record on Friday, June 28th will be given a dividend of 0.26 per share by the real estate investment trust on Friday, July 12th. This represents a $1.04 annualized dividend and a yield of 2.60%. The ex-dividend date of this dividend is Thursday, June 27th.

Douglas Emmett has increased its dividend by an average of 6.0% per year over the last three years and has raised its dividend annually for the last 8 consecutive years. Douglas Emmett has a payout ratio of 51.5% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Douglas Emmett to earn $2.19 per share next year, which means the company should continue to be able to cover its $1.04 annual dividend with an expected future payout ratio of 47.5%.

Douglas Emmett stock opened at $40.07 on Wednesday. The firm has a market cap of $6.92 billion, a price-to-earnings ratio of 19.84, a PEG ratio of 3.14 and a beta of 0.74. The company has a current ratio of 2.00, a quick ratio of 2.00 and a debt-to-equity ratio of 1.09. The company has a 50 day moving average of $41.01. Douglas Emmett has a twelve month low of $32.32 and a twelve month high of $42.41.

Douglas Emmett (NYSE:DEI) last released its quarterly earnings data on Thursday, May 2nd. The real estate investment trust reported $0.52 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.52. The firm had revenue of $224.19 million for the quarter, compared to analyst estimates of $227.52 million. Douglas Emmett had a net margin of 13.45% and a return on equity of 3.01%. The company’s revenue for the quarter was up 5.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.49 EPS. Research analysts expect that Douglas Emmett will post 2.11 EPS for the current fiscal year.

In other news, Chairman Dan A. Emmett sold 40,000 shares of the stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $40.78, for a total transaction of $1,631,200.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 16.20% of the company’s stock.

Separately, Zacks Investment Research lowered shares of Douglas Emmett from a “buy” rating to a “hold” rating in a research note on Thursday, May 9th. Six investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Douglas Emmett presently has a consensus rating of “Hold” and an average target price of $41.33.

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.

Recommended Story: Why do companies pay special dividends?

Dividend History for Douglas Emmett (NYSE:DEI)

Receive News & Ratings for Douglas Emmett Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Douglas Emmett and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Preformed Line Products  Stock Passes Above 200-Day Moving Average of $0.00
Preformed Line Products Stock Passes Above 200-Day Moving Average of $0.00
Aristocrat Leisure  Share Price Crosses Above Two Hundred Day Moving Average of $0.00
Aristocrat Leisure Share Price Crosses Above Two Hundred Day Moving Average of $0.00
Mullen Group  Stock Price Passes Below 50 Day Moving Average of $7.26
Mullen Group Stock Price Passes Below 50 Day Moving Average of $7.26
Veolia Environnement  Share Price Passes Below Fifty Day Moving Average of $21.59
Veolia Environnement Share Price Passes Below Fifty Day Moving Average of $21.59
McBride  Stock Price Passes Below 50-Day Moving Average of $78.98
McBride Stock Price Passes Below 50-Day Moving Average of $78.98
CounterPath  Stock Price Passes Above 200 Day Moving Average of $0.00
CounterPath Stock Price Passes Above 200 Day Moving Average of $0.00


 
© 2006-2019 Zolmax.