Douglas Emmett (DEI) Projected to Post Quarterly Earnings on Tuesday

Douglas Emmett (NYSE:DEI) is projected to announce its earnings results after the market closes on Tuesday, February 4th. Analysts expect the company to announce earnings of ($0.06) per share and revenue of $245.03 million for the quarter. Investors interested in listening to the company’s conference call can do so using this link.

Douglas Emmett (NYSE:DEI) last issued its earnings results on Monday, November 4th. The real estate investment trust reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.38). The company had revenue of $250.75 million during the quarter, compared to analyst estimates of $242.75 million. Douglas Emmett had a negative net margin of 1.68% and a negative return on equity of 0.43%. The business’s revenue for the quarter was down 1.8% compared to the same quarter last year. During the same quarter last year, the company posted $0.45 EPS. On average, analysts expect Douglas Emmett to post $2 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Douglas Emmett Price Performance

DEI opened at $18.36 on Monday. The firm has a market cap of $3.07 billion, a price-to-earnings ratio of -183.60 and a beta of 1.11. Douglas Emmett has a fifty-two week low of $12.35 and a fifty-two week high of $20.50. The company’s 50-day moving average price is $18.46 and its 200 day moving average price is $17.43. The company has a quick ratio of 4.09, a current ratio of 4.09 and a debt-to-equity ratio of 1.51.

Douglas Emmett Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were paid a dividend of $0.19 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $0.76 annualized dividend and a yield of 4.14%. Douglas Emmett’s dividend payout ratio (DPR) is -760.00%.

Analyst Ratings Changes

Several research firms recently weighed in on DEI. Jefferies Financial Group increased their price objective on shares of Douglas Emmett from $17.00 to $18.00 and gave the stock a “hold” rating in a research note on Thursday, January 2nd. Evercore ISI raised their price target on shares of Douglas Emmett from $16.00 to $19.00 and gave the company an “in-line” rating in a research note on Thursday, November 7th. Piper Sandler upgraded shares of Douglas Emmett from a “neutral” rating to an “overweight” rating and set a $20.00 price target on the stock in a research note on Monday, January 13th. Wedbush upgraded shares of Douglas Emmett from a “neutral” rating to an “outperform” rating and raised their price target for the company from $19.00 to $21.00 in a research note on Thursday, January 2nd. Finally, Janney Montgomery Scott restated a “neutral” rating on shares of Douglas Emmett in a research note on Wednesday, January 15th. Six analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $18.75.

About Douglas Emmett

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.