Douglas Emmett, Inc. (NYSE:DEI) Chairman Dan A. Emmett sold 100,000 shares of the firm’s stock in a transaction on Friday, March 17th. The stock was sold at an average price of $38.34, for a total transaction of $3,834,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Shares of Douglas Emmett, Inc. (NYSE:DEI) traded down 0.36% on Monday, reaching $38.37. The company had a trading volume of 309,570 shares. Douglas Emmett, Inc. has a 52-week low of $29.26 and a 52-week high of $40.79. The firm has a market capitalization of $5.87 billion, a price-to-earnings ratio of 69.26 and a beta of 0.76. The company’s 50-day moving average price is $38.95 and its 200-day moving average price is $37.16.
Douglas Emmett (NYSE:DEI) last announced its quarterly earnings data on Tuesday, February 7th. The real estate investment trust reported $0.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.11 by $0.36. Douglas Emmett had a return on equity of 3.03% and a net margin of 11.50%. The company had revenue of $194.64 million for the quarter, compared to analysts’ expectations of $192.10 million. During the same quarter in the prior year, the business posted $0.41 EPS. The business’s revenue was up 21.3% compared to the same quarter last year. On average, analysts predict that Douglas Emmett, Inc. will post $0.54 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 14th. Stockholders of record on Friday, March 31st will be paid a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.40%. The ex-dividend date of this dividend is Wednesday, March 29th. Douglas Emmett’s dividend payout ratio is currently 164.29%.
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Several large investors have recently made changes to their positions in DEI. TLP Group LLC bought a new stake in shares of Douglas Emmett during the third quarter worth about $102,000. Riverhead Capital Management LLC boosted its stake in shares of Douglas Emmett by 9.5% in the third quarter. Riverhead Capital Management LLC now owns 3,000 shares of the real estate investment trust’s stock worth $110,000 after buying an additional 261 shares in the last quarter. Envestnet Asset Management Inc. bought a new stake in shares of Douglas Emmett during the fourth quarter worth about $149,000. Tyers Asset Management LLC bought a new stake in shares of Douglas Emmett during the fourth quarter worth about $159,000. Finally, Pacad Investment Ltd. bought a new stake in shares of Douglas Emmett during the fourth quarter worth about $201,000. Institutional investors own 99.06% of the company’s stock.
Several brokerages have recently issued reports on DEI. Evercore ISI downgraded shares of Douglas Emmett from a “hold” rating to an “underperform” rating in a research note on Friday, March 3rd. Mizuho raised their target price on Douglas Emmett from $37.00 to $39.00 and gave the stock a “neutral” rating in a research report on Friday, February 10th. Wells Fargo & Co cut Douglas Emmett from an “outperform” rating to a “market perform” rating in a research report on Tuesday, December 13th. Stifel Nicolaus raised Douglas Emmett from a “sell” rating to a “hold” rating and raised their target price for the stock from $30.00 to $38.00 in a research report on Wednesday, February 8th. Finally, Zacks Investment Research cut Douglas Emmett from a “buy” rating to a “hold” rating in a research report on Thursday, December 8th. Four equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company’s stock. Douglas Emmett has an average rating of “Hold” and a consensus price target of $37.38.
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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