Douglas Emmett (NYSE:DEI) announced its quarterly earnings results on Tuesday. The real estate investment trust reported $1.58 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.54 by $1.04, Fidelity Earnings reports. Douglas Emmett had a return on equity of 2.83% and a net margin of 12.05%. The business had revenue of $243.89 million during the quarter, compared to analysts’ expectations of $239.60 million. Douglas Emmett updated its FY 2020
After-Hours guidance to 2.23-2.29 EPS and its FY20 guidance to $2.23-2.29 EPS.

Shares of NYSE DEI traded up $0.11 during mid-day trading on Friday, reaching $44.53. 1,378 shares of the company traded hands, compared to its average volume of 1,372,668. The company’s fifty day moving average is $42.67 and its two-hundred day moving average is $42.59. The company has a debt-to-equity ratio of 1.05, a quick ratio of 2.38 and a current ratio of 2.38. Douglas Emmett has a fifty-two week low of $38.12 and a fifty-two week high of $45.08. The stock has a market cap of $7.63 billion, a PE ratio of 68.51, a price-to-earnings-growth ratio of 3.04 and a beta of 0.67.

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were paid a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 2.52%. The ex-dividend date of this dividend was Monday, December 30th. This is an increase from Douglas Emmett’s previous quarterly dividend of $0.26. Douglas Emmett’s dividend payout ratio is 55.45%.

A number of analysts have issued reports on DEI shares. Robert W. Baird reduced their target price on shares of Douglas Emmett from $51.00 to $50.00 and set an “outperform” rating for the company in a research note on Thursday. BMO Capital Markets reissued a “hold” rating and issued a $41.00 target price on shares of Douglas Emmett in a research report on Thursday. Barclays dropped their price target on shares of Douglas Emmett from $47.00 to $44.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 14th. Mizuho initiated coverage on shares of Douglas Emmett in a report on Monday, February 3rd. They set a “neutral” rating and a $45.00 price target on the stock. Finally, ValuEngine raised shares of Douglas Emmett from a “sell” rating to a “hold” rating in a research note on Friday, November 1st. Six analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Douglas Emmett has an average rating of “Hold” and an average target price of $45.80.

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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Earnings History for Douglas Emmett (NYSE:DEI)

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