Douglas Emmett, Inc. (DEI) to Issue Quarterly Dividend of $0.19 on October 16th

Douglas Emmett, Inc. (NYSE:DEI) announced a quarterly dividend on Thursday, September 5th, NASDAQ reports. Investors of record on Monday, September 30th will be paid a dividend of 0.19 per share by the real estate investment trust on Wednesday, October 16th. This represents a $0.76 annualized dividend and a yield of 4.87%. The ex-dividend date is Monday, September 30th.

Douglas Emmett has increased its dividend payment by an average of 10.3% per year over the last three years. Douglas Emmett has a dividend payout ratio of -316.7% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect Douglas Emmett to earn $1.45 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 52.4%.

Douglas Emmett Stock Performance

DEI stock opened at $15.61 on Friday. The company has a market cap of $2.61 billion, a P/E ratio of -50.34 and a beta of 1.09. The company has a debt-to-equity ratio of 1.47, a current ratio of 5.11 and a quick ratio of 5.11. Douglas Emmett has a 1 year low of $10.76 and a 1 year high of $16.57. The stock’s fifty day moving average price is $14.94 and its 200-day moving average price is $14.02.

Douglas Emmett (NYSE:DEI) last posted its quarterly earnings data on Thursday, August 8th. The real estate investment trust reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.37). The business had revenue of $245.80 million during the quarter, compared to analysts’ expectations of $246.62 million. Douglas Emmett had a negative return on equity of 0.88% and a negative net margin of 3.55%. The business’s quarterly revenue was down 3.0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.48 EPS. On average, equities analysts forecast that Douglas Emmett will post 1.67 earnings per share for the current year.

Insider Transactions at Douglas Emmett

In other news, Director William E. Simon, Jr. acquired 45,000 shares of Douglas Emmett stock in a transaction on Monday, June 10th. The shares were acquired at an average price of $13.15 per share, with a total value of $591,750.00. Following the purchase, the director now directly owns 45,000 shares in the company, valued at approximately $591,750. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 14.70% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on DEI. Evercore ISI raised their price objective on Douglas Emmett from $15.00 to $16.00 and gave the stock an “in-line” rating in a research note on Wednesday, August 28th. Piper Sandler upped their price target on shares of Douglas Emmett from $15.00 to $16.00 and gave the stock a “neutral” rating in a research report on Monday, August 12th. StockNews.com upgraded shares of Douglas Emmett from a “sell” rating to a “hold” rating in a research report on Monday, May 20th. Finally, Scotiabank increased their price target on Douglas Emmett from $14.00 to $16.00 and gave the stock a “sector perform” rating in a research note on Monday, August 26th. Seven analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $15.20.

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.