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.

Douglas Emmett (NYSE:DEI) last announced its quarterly earnings results on Thursday, November 1st. The real estate investment trust reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.51 by ($0.33). The company had revenue of $223.30 million for the quarter, compared to analyst estimates of $222.50 million. Douglas Emmett had a return on equity of 3.06% and a net margin of 14.32%. Douglas Emmett’s revenue for the quarter was up 7.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.48 earnings per share. Analysts forecast that Douglas Emmett will post 2.02 EPS for the current year.

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.

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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.

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Dividend History for Douglas Emmett (NYSE:DEI)

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