Somewhat Favorable Media Coverage Somewhat Unlikely to Affect Douglas Emmett (DEI) Stock Price
News stories about Douglas Emmett (NYSE:DEI) have trended somewhat positive recently, according to Accern Sentiment Analysis. Accern identifies positive and negative news coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Douglas Emmett earned a daily sentiment score of 0.20 on Accern’s scale. Accern also gave news headlines about the real estate investment trust an impact score of 45.2842349262851 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
These are some of the headlines that may have effected Accern Sentiment Analysis’s scoring:
- Douglas Emmett Obtains New $335 Million Loan, Pays Off Two Loans Totaling $426 Million (finance.yahoo.com)
- Analyzing Douglas Emmett (DEI) and DuPont Fabros Technology (DFT) (americanbankingnews.com)
- Douglas Emmett, Inc. (DEI) Expected to Post Quarterly Sales of $202.65 Million (americanbankingnews.com)
- Douglas Emmett (DEI) Scheduled to Post Quarterly Earnings on Tuesday (americanbankingnews.com)
- Douglas Emmett, Inc. (DEI) Receives Average Recommendation of “Hold” from Brokerages (americanbankingnews.com)
A number of equities analysts have recently issued reports on the stock. Barclays increased their price objective on shares of Douglas Emmett from $36.00 to $37.00 and gave the company an “underweight” rating in a research note on Tuesday, January 30th. Stifel Nicolaus restated a “buy” rating and issued a $43.00 price objective (up previously from $42.00) on shares of Douglas Emmett in a research note on Thursday, November 9th. Sandler O’Neill restated a “hold” rating and issued a $42.00 price objective on shares of Douglas Emmett in a research note on Tuesday, January 23rd. Robert W. Baird restated a “buy” rating and issued a $45.00 price objective on shares of Douglas Emmett in a research note on Tuesday, January 9th. Finally, Zacks Investment Research cut shares of Douglas Emmett from a “hold” rating to a “sell” rating in a research note on Tuesday, January 16th. Four research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $41.44.
Douglas Emmett (NYSE:DEI) last posted its earnings results on Tuesday, November 7th. The real estate investment trust reported $0.48 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.48. Douglas Emmett had a net margin of 11.29% and a return on equity of 2.58%. The business had revenue of $208.75 million for the quarter, compared to analyst estimates of $203.99 million. During the same quarter in the prior year, the firm earned $0.47 EPS. The firm’s quarterly revenue was up 8.7% compared to the same quarter last year. equities analysts predict that Douglas Emmett will post 1.9 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Monday, January 15th. Stockholders of record on Friday, December 29th were issued a $0.25 dividend. This is a positive change from Douglas Emmett’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend was Thursday, December 28th. This represents a $1.00 annualized dividend and a dividend yield of 2.78%. Douglas Emmett’s dividend payout ratio is presently 188.68%.
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Douglas Emmett Company Profile
Douglas Emmett, Inc is a self-administered and self-managed real estate investment trust (REIT). The Company is owner and operator of office and multifamily properties located in submarkets in Los Angeles and Honolulu. The Company operates through two segments: the acquisition, development, ownership and management of office real estate (Office Segment), and the acquisition, development, ownership and management of multifamily real estate (Multifamily Segment).
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