Douglas Emmett (NYSE:DEI) Issues Quarterly Earnings Results

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

Douglas Emmett Price Performance

Douglas Emmett stock traded down $0.06 during midday trading on Tuesday, reaching $12.90. The company’s stock had a trading volume of 2,879,637 shares, compared to its average volume of 1,881,940. Douglas Emmett has a fifty-two week low of $12.39 and a fifty-two week high of $20.50. The company has a debt-to-equity ratio of 1.55, a quick ratio of 3.49 and a current ratio of 3.49. The stock’s 50 day simple moving average is $15.02 and its 200 day simple moving average is $14.92. The firm has a market capitalization of $2.16 billion, a PE ratio of 58.65 and a beta of 1.30.

Douglas Emmett Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th were issued 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 yield of 5.9%. Douglas Emmett’s dividend payout ratio (DPR) is 345.45%.

Wall Street Analyst Weigh In

Several brokerages have commented on DEI. BMO Capital Markets set a $17.00 price target on shares of Douglas Emmett and gave the company a “market perform” rating in a research note on Wednesday, July 16th. Wells Fargo & Company increased their price target on shares of Douglas Emmett from $16.00 to $20.00 and gave the company an “overweight” rating in a research note on Wednesday, August 27th. Scotiabank decreased their price objective on Douglas Emmett from $19.00 to $18.00 and set a “sector outperform” rating for the company 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. Finally, Weiss Ratings raised Douglas Emmett from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, October 24th. Four research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $18.25.

Institutional Investors Weigh In On Douglas Emmett

Hedge funds and other institutional investors have recently bought and sold shares of the business. Osaic Holdings Inc. increased its position in shares of Douglas Emmett by 48.6% in the second quarter. Osaic Holdings Inc. now owns 9,896 shares of the real estate investment trust’s stock valued at $149,000 after buying an additional 3,237 shares in the last quarter. Caxton Associates LLP purchased a new position in shares of Douglas Emmett in the second quarter valued at $172,000. Public Sector Pension Investment Board increased its position in shares of Douglas Emmett by 7.5% in the second quarter. Public Sector Pension Investment Board now owns 570,894 shares of the real estate investment trust’s stock valued at $8,586,000 after buying an additional 39,894 shares in the last quarter. Tower Research Capital LLC TRC increased its position in shares of Douglas Emmett by 108.3% in the second quarter. Tower Research Capital LLC TRC now owns 16,028 shares of the real estate investment trust’s stock valued at $241,000 after buying an additional 8,334 shares in the last quarter. Finally, Corient Private Wealth LLC purchased a new position in shares of Douglas Emmett in the second quarter valued at $157,000. Institutional investors and hedge funds own 97.37% of the company’s stock.

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.