Douglas Elliman (NYSE:DOUG) Releases Earnings Results

Douglas Elliman (NYSE:DOUG) posted its quarterly earnings data on Friday. The company reported ($0.14) earnings per share (EPS) for the quarter, Zacks reports. Douglas Elliman had a net margin of 1.47% and a negative return on equity of 14.22%. The company had revenue of $214.33 million during the quarter.

Douglas Elliman Stock Performance

Shares of NYSE:DOUG traded up $0.04 during trading hours on Friday, hitting $2.10. 806,958 shares of the company’s stock traded hands, compared to its average volume of 480,528. Douglas Elliman has a 52 week low of $1.53 and a 52 week high of $3.20. The company’s fifty day simple moving average is $1.90 and its two-hundred day simple moving average is $2.32. The company has a market cap of $190.45 million, a price-to-earnings ratio of 41.90 and a beta of 1.93.

Hedge Funds Weigh In On Douglas Elliman

Large investors have recently made changes to their positions in the business. AQR Capital Management LLC boosted its position in shares of Douglas Elliman by 160.3% during the 4th quarter. AQR Capital Management LLC now owns 45,780 shares of the company’s stock valued at $108,000 after purchasing an additional 28,194 shares in the last quarter. Abel Hall LLC acquired a new stake in Douglas Elliman during the 4th quarter worth about $75,000. Mangrove Partners IM LLC acquired a new stake in Douglas Elliman during the 4th quarter worth about $96,000. Algert Global LLC acquired a new stake in Douglas Elliman during the 3rd quarter worth about $115,000. Finally, Bank of America Corp DE raised its holdings in Douglas Elliman by 1,224.2% during the 2nd quarter. Bank of America Corp DE now owns 37,289 shares of the company’s stock worth $87,000 after buying an additional 34,473 shares during the period. Institutional investors own 59.56% of the company’s stock.

Analyst Ratings Changes

Separately, Weiss Ratings upgraded Douglas Elliman from a “sell (d)” rating to a “sell (d+)” rating in a research report on Tuesday, April 21st. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has an average rating of “Sell”.

Douglas Elliman Company Profile

Douglas Elliman (NYSE: DOUG) is one of the largest residential real estate brokerages in the United States, offering an array of services that span property sales, leasing and management. Founded in 1911 and headquartered in New York City, the firm has built a reputation for representing high-end residential properties and guiding clients through complex real estate transactions. Over the course of its history, Douglas Elliman has expanded its offerings to include specialized support for developers, investors and individual homeowners.

The company’s core business activities include residential brokerage, new development marketing, and property management.