Douglas Emmett, Inc. (NYSE:DEI) is scheduled to be posting its quarterly earnings results after the market closes on Tuesday, November 7th. Analysts expect Douglas Emmett to post earnings of $0.15 per share for the quarter.
Shares of Douglas Emmett, Inc. (NYSE DEI) opened at $39.79 on Friday. Douglas Emmett, Inc. has a 1-year low of $33.78 and a 1-year high of $41.12. The stock has a market cap of $6,480.80, a price-to-earnings ratio of 21.16, a PEG ratio of 3.19 and a beta of 0.72.
The firm also recently announced a quarterly dividend, which was paid on Friday, October 13th. Stockholders of record on Friday, September 29th were issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.31%. The ex-dividend date of this dividend was Thursday, September 28th. Douglas Emmett’s payout ratio is 155.93%.
A number of equities research analysts recently issued reports on the stock. KeyCorp reissued a “hold” rating on shares of Douglas Emmett in a report on Sunday, September 24th. BidaskClub lowered shares of Douglas Emmett from a “sell” rating to a “strong sell” rating in a report on Wednesday, August 9th. Stifel Nicolaus raised shares of Douglas Emmett from a “hold” rating to a “buy” rating and upped their price objective for the company from $38.00 to $42.00 in a report on Tuesday, August 8th. Mizuho reissued a “hold” rating and issued a $41.00 price objective on shares of Douglas Emmett in a report on Friday, October 27th. Finally, Zacks Investment Research lowered shares of Douglas Emmett from a “buy” rating to a “hold” rating in a report on Friday, August 4th. Five investment analysts have rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $39.78.
In other Douglas Emmett news, Chairman Dan A. Emmett sold 100,000 shares of the company’s stock in a transaction dated Friday, September 22nd. The shares were sold at an average price of $38.99, for a total value of $3,899,000.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 17.80% of the company’s stock.
About Douglas Emmett
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).
What are top analysts saying about Douglas Emmett Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Douglas Emmett Inc. and related companies.