Douglas Emmett, Inc. (DEI) Declares Quarterly Dividend of $0.26
Douglas Emmett, Inc. (NYSE:DEI) announced a quarterly dividend on Friday, December 7th, Wall Street Journal reports. Shareholders of record on Monday, December 31st will be paid a dividend of 0.26 per share by the real estate investment trust on Tuesday, January 15th. This represents a $1.04 annualized dividend and a yield of 2.83%. The ex-dividend date of this dividend is Friday, December 28th. This is a positive change from Douglas Emmett’s previous quarterly dividend of $0.25.
Douglas Emmett has raised its dividend by an average of 4.8% annually over the last three years and has increased its dividend every year for the last 7 years. Douglas Emmett has a payout ratio of 49.5% indicating that its dividend is sufficiently covered by earnings. Analysts expect Douglas Emmett to earn $2.10 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 47.6%.
DEI traded down $0.41 during midday trading on Friday, hitting $36.80. 882,211 shares of the company were exchanged, compared to its average volume of 908,676. The company has a market capitalization of $6.17 billion, a P/E ratio of 19.37, a P/E/G ratio of 2.71 and a beta of 0.62. The company has a debt-to-equity ratio of 1.05, a quick ratio of 1.96 and a current ratio of 1.96. Douglas Emmett has a 1-year low of $34.72 and a 1-year high of $41.59.
DEI has been the topic of a number of analyst reports. TheStreet cut Douglas Emmett from a “b-” rating to a “c+” rating in a research report on Monday. Raymond James dropped their target price on Douglas Emmett from $44.00 to $42.00 and set an “outperform” rating on the stock in a research report on Monday, November 5th. Bank of America cut Douglas Emmett from a “buy” rating to a “neutral” rating and dropped their target price for the company from $42.50 to $41.00 in a research report on Tuesday, November 13th. Zacks Investment Research cut Douglas Emmett from a “buy” rating to a “hold” rating in a research report on Friday, October 12th. Finally, Scotiabank initiated coverage on Douglas Emmett in a research report on Tuesday, October 16th. They set an “outperform” rating on the stock. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and six have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $41.45.
ILLEGAL ACTIVITY NOTICE: “Douglas Emmett, Inc. (DEI) Declares Quarterly Dividend of $0.26” was first posted by Watch List News and is the sole property of of Watch List News. If you are accessing this report on another website, it was stolen and reposted in violation of US & international copyright laws. The legal version of this report can be viewed at https://www.watchlistnews.com/douglas-emmett-inc-dei-declares-quarterly-dividend-of-0-26/2668597.html.
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.
Read More: What are different types of coverage ratios?
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.