Douglas Emmett (DEI) Set to Announce Quarterly Earnings on Tuesday

Douglas Emmett (NYSE:DEI) will release its earnings data after the market closes on Tuesday, May 7th. Analysts expect Douglas Emmett to post earnings of $0.44 per share for the quarter. Investors interested in registering for the company’s conference call can do so using this link.

Douglas Emmett Trading Up 3.3 %

DEI opened at $13.81 on Tuesday. The firm has a market cap of $2.31 billion, a P/E ratio of -53.12 and a beta of 1.07. The company has a current ratio of 4.91, a quick ratio of 4.91 and a debt-to-equity ratio of 1.44. The stock has a 50-day moving average of $13.40 and a 200 day moving average of $13.30. Douglas Emmett has a 12 month low of $10.09 and a 12 month high of $16.12.

Douglas Emmett Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 16th. Stockholders of record on Thursday, March 28th were issued a $0.19 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 5.50%. Douglas Emmett’s dividend payout ratio is presently -292.31%.

Analyst Ratings Changes

Several brokerages have recently issued reports on DEI. Jefferies Financial Group upgraded Douglas Emmett from an “underperform” rating to a “hold” rating and raised their price objective for the stock from $10.00 to $15.00 in a research note on Tuesday, January 2nd. Piper Sandler decreased their price objective on shares of Douglas Emmett from $17.00 to $15.00 and set a “neutral” rating for the company in a research report on Friday, March 22nd. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $13.67.

Douglas Emmett Company Profile

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.