Douglas Emmett (NYSE:DEI) Posts Earnings Results, Meets Estimates

Douglas Emmett (NYSE:DEI) issued its earnings results on Tuesday. The real estate investment trust reported $0.34 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.34, Zacks reports. The company had revenue of $250.58 million for the quarter, compared to the consensus estimate of $252.73 million. Douglas Emmett had a return on equity of 1.04% and a net margin of 3.77%.The firm’s quarterly revenue was up .0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.43 EPS. Douglas Emmett updated its FY 2025 guidance to 1.430-1.470 EPS.

Douglas Emmett Stock Performance

Shares of NYSE:DEI traded down $0.22 during trading on Thursday, reaching $12.02. The stock had a trading volume of 3,243,941 shares, compared to its average volume of 1,894,906. Douglas Emmett has a 52 week low of $11.86 and a 52 week high of $20.50. The firm has a market capitalization of $2.01 billion, a price-to-earnings ratio of 54.71 and a beta of 1.28. The company has a quick ratio of 3.49, a current ratio of 3.49 and a debt-to-equity ratio of 1.55. The stock has a fifty day simple moving average of $14.94 and a two-hundred day simple moving average of $14.90.

Douglas Emmett Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th were given a $0.19 dividend. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 6.3%. Douglas Emmett’s dividend payout ratio (DPR) is currently 633.33%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on DEI. Scotiabank dropped their target price on Douglas Emmett from $19.00 to $18.00 and set a “sector outperform” rating on the stock in a report on Thursday, August 28th. Wall Street Zen downgraded Douglas Emmett from a “hold” rating to a “sell” rating in a report on Saturday, August 30th. Jefferies Financial Group upgraded Douglas Emmett to a “hold” rating in a report on Monday, October 13th. Weiss Ratings upgraded Douglas Emmett from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, October 24th. Finally, Wells Fargo & Company increased their price objective on Douglas Emmett from $16.00 to $20.00 and gave the stock an “overweight” rating in a report on Wednesday, August 27th. Three research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat.com, Douglas Emmett has an average rating of “Hold” and a consensus target price of $17.25.

Hedge Funds Weigh In On Douglas Emmett

Institutional investors and hedge funds have recently bought and sold shares of the stock. EverSource Wealth Advisors LLC increased its position in Douglas Emmett by 220.8% during the second quarter. EverSource Wealth Advisors LLC now owns 1,694 shares of the real estate investment trust’s stock worth $25,000 after acquiring an additional 1,166 shares during the period. Osaic Holdings Inc. increased its position in Douglas Emmett by 48.6% during the second quarter. Osaic Holdings Inc. now owns 9,896 shares of the real estate investment trust’s stock worth $149,000 after acquiring an additional 3,237 shares during the period. Corient Private Wealth LLC bought a new position in Douglas Emmett during the second quarter worth $157,000. Quantbot Technologies LP bought a new position in Douglas Emmett during the second quarter worth $171,000. Finally, Caxton Associates LLP bought a new position in Douglas Emmett during the second quarter worth $172,000. Institutional investors own 97.37% of the company’s stock.

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.