Douglas Elliman Inc. (NYSE:DOUG) Expected to Post Q1 2023 Earnings of ($0.15) Per Share

Douglas Elliman Inc. (NYSE:DOUG – Get Rating) – Analysts at Jefferies Financial Group issued their Q1 2023 earnings per share (EPS) estimates for shares of Douglas Elliman in a report released on Monday, March 13th. Jefferies Financial Group analyst D. Fannon anticipates that the company will post earnings per share of ($0.15) for the quarter. Jefferies Financial Group also issued estimates for Douglas Elliman’s Q2 2023 earnings at ($0.01) EPS, Q3 2023 earnings at ($0.06) EPS, Q4 2023 earnings at ($0.06) EPS and FY2023 earnings at ($0.28) EPS.

Douglas Elliman Stock Up 2.2 %

NYSE:DOUG opened at $3.19 on Wednesday. The business’s 50-day moving average price is $4.48 and its two-hundred day moving average price is $4.34. Douglas Elliman has a twelve month low of $3.02 and a twelve month high of $8.49. The stock has a market cap of $259.19 million, a P/E ratio of -39.88 and a beta of 1.74.

Hedge Funds Weigh In On Douglas Elliman

Several institutional investors have recently modified their holdings of the company. Vanguard Group Inc. grew its position in Douglas Elliman by 3.8% during the 1st quarter. Vanguard Group Inc. now owns 10,867,191 shares of the company’s stock worth $79,331,000 after acquiring an additional 399,722 shares during the last quarter. BlackRock Inc. grew its position in Douglas Elliman by 1.5% during the 1st quarter. BlackRock Inc. now owns 10,473,449 shares of the company’s stock worth $76,457,000 after acquiring an additional 159,492 shares during the last quarter. Renaissance Technologies LLC grew its position in Douglas Elliman by 2.7% during the 2nd quarter. Renaissance Technologies LLC now owns 3,699,199 shares of the company’s stock worth $17,719,000 after acquiring an additional 97,276 shares during the last quarter. State Street Corp grew its position in Douglas Elliman by 2.1% during the 3rd quarter. State Street Corp now owns 2,305,245 shares of the company’s stock worth $9,452,000 after acquiring an additional 48,235 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its position in Douglas Elliman by 180.4% during the 1st quarter. Bank of New York Mellon Corp now owns 1,969,897 shares of the company’s stock worth $14,380,000 after acquiring an additional 1,267,323 shares during the last quarter. 60.70% of the stock is currently owned by institutional investors.

Douglas Elliman Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 31st. Stockholders of record on Thursday, March 23rd will be given a dividend of $0.05 per share. The ex-dividend date is Wednesday, March 22nd. This represents a $0.20 annualized dividend and a dividend yield of 6.27%. Douglas Elliman’s dividend payout ratio (DPR) is presently -250.00%.

About Douglas Elliman

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Douglas Elliman Inc engages in the real estate services and property technology investment business in the United States. It operates in two segments, Real Estate Brokerage, and Corporate and Other. The company conducts residential real estate brokerage operations. It has approximately 100 offices with approximately 6,500 real estate agents in the New York metropolitan areas, as well as in Florida, California, Connecticut, Massachusetts, Colorado, New Jersey, and Texas.