Douglas Emmett (DEI) Set to Announce Earnings on Tuesday

Douglas Emmett (NYSE:DEI) is set to announce its earnings results after the market closes on Tuesday, May 7th. Analysts expect the company to announce earnings of $0.44 per share for the quarter. Investors that are interested in registering for the company’s conference call can do so using this link.

Douglas Emmett Price Performance

Shares of DEI stock opened at $13.85 on Monday. The stock has a 50 day moving average price of $13.42 and a 200 day moving average price of $13.34. Douglas Emmett has a 52-week low of $10.09 and a 52-week high of $16.12. The company has a debt-to-equity ratio of 1.44, a quick ratio of 4.91 and a current ratio of 4.91. The firm has a market capitalization of $2.32 billion, a P/E ratio of -53.27 and a beta of 1.05.

Douglas Emmett Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 16th. Stockholders of record on Thursday, March 28th were given 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 -292.31%.

Analysts Set New Price Targets

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