Douglas Emmett (NYSE:DEI) Posts Earnings Results, Meets Estimates

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

Douglas Emmett Stock Down 0.4%

Douglas Emmett stock traded down $0.06 during midday trading on Tuesday, hitting $12.90. 2,879,637 shares of the company were exchanged, compared to its average volume of 1,881,940. The company has a market cap of $2.16 billion, a PE ratio of 58.65 and a beta of 1.30. 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 current ratio of 3.49 and a quick ratio of 3.49. The company’s fifty day moving average price is $15.02 and its 200-day moving average price is $14.92.

Douglas Emmett Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th were given a dividend of $0.19 per share. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a $0.76 annualized dividend and a yield of 5.9%. Douglas Emmett’s payout ratio is 345.45%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Weiss Ratings upgraded Douglas Emmett from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, October 24th. Jefferies Financial Group raised Douglas Emmett to a “hold” rating in a research note on Monday, October 13th. Cantor Fitzgerald began coverage on Douglas Emmett in a research note on Wednesday, October 1st. They issued a “neutral” rating and a $16.00 price target on the stock. Wall Street Zen lowered Douglas Emmett from a “hold” rating to a “sell” rating in a research note on Saturday, August 30th. Finally, Scotiabank decreased their price target on Douglas Emmett from $19.00 to $18.00 and set a “sector outperform” rating on the stock in a research note on Thursday, August 28th. Four analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $18.25.

Hedge Funds Weigh In On Douglas Emmett

A number of institutional investors have recently made changes to their positions in DEI. EverSource Wealth Advisors LLC raised its position in shares of Douglas Emmett by 220.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,694 shares of the real estate investment trust’s stock valued at $25,000 after purchasing an additional 1,166 shares in the last quarter. Osaic Holdings Inc. increased its holdings in shares of Douglas Emmett by 48.6% in the 2nd quarter. Osaic Holdings Inc. now owns 9,896 shares of the real estate investment trust’s stock valued at $149,000 after acquiring an additional 3,237 shares during the last quarter. Corient Private Wealth LLC bought a new stake in shares of Douglas Emmett in the 2nd quarter valued at approximately $157,000. Quantbot Technologies LP bought a new stake in shares of Douglas Emmett in the 2nd quarter valued at approximately $171,000. Finally, Caxton Associates LLP bought a new stake in shares of Douglas Emmett in the 2nd quarter valued at approximately $172,000. 97.37% of the stock is owned by institutional investors and hedge funds.

About Douglas Emmett

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.