Douglas Emmett (NYSE:DEI) Releases FY 2022 Earnings Guidance

Douglas Emmett (NYSE:DEI – Get Rating) updated its FY 2022 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $2.03-$2.07 for the period. The company issued revenue guidance of -.

Douglas Emmett Stock Down 0.0 %

Shares of DEI stock traded down $0.01 during mid-day trading on Friday, hitting $22.04. The company’s stock had a trading volume of 739,267 shares, compared to its average volume of 1,225,123. Douglas Emmett has a 52-week low of $21.35 and a 52-week high of $36.97. The business has a 50-day moving average price of $23.50 and a 200 day moving average price of $28.51. The company has a debt-to-equity ratio of 1.23, a quick ratio of 2.99 and a current ratio of 3.04. The stock has a market cap of $3.87 billion, a price-to-earnings ratio of 44.98, a PEG ratio of 2.13 and a beta of 0.92.

Douglas Emmett (NYSE:DEI – Get Rating) last posted its quarterly earnings results on Monday, August 1st. The real estate investment trust reported $0.14 earnings per share for the quarter, hitting the consensus estimate of $0.14. Douglas Emmett had a return on equity of 2.14% and a net margin of 9.78%. The firm had revenue of $247.00 million during the quarter, compared to analysts’ expectations of $245.29 million. During the same quarter in the previous year, the business earned $0.47 earnings per share. The company’s revenue was up 9.8% on a year-over-year basis. Research analysts predict that Douglas Emmett will post 2.05 EPS for the current fiscal year.

Douglas Emmett Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, July 15th. Stockholders of record on Thursday, June 30th were paid a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 5.08%. The ex-dividend date was Wednesday, June 29th. Douglas Emmett’s dividend payout ratio is currently 228.58%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on DEI shares. Raymond James decreased their price target on Douglas Emmett from $38.00 to $28.00 and set an outperform rating for the company in a research note on Thursday. Evercore ISI set a $33.00 price objective on Douglas Emmett in a research report on Monday, June 20th. Jefferies Financial Group reduced their price objective on Douglas Emmett from $31.00 to $24.00 and set a hold rating for the company in a research report on Thursday, June 30th. Wells Fargo & Company reduced their price objective on Douglas Emmett from $38.00 to $28.00 and set an overweight rating for the company in a research report on Friday, July 1st. Finally, Credit Suisse Group began coverage on Douglas Emmett in a research report on Wednesday, June 22nd. They set an outperform rating and a $27.00 price objective for the company. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Douglas Emmett presently has a consensus rating of Moderate Buy and an average price target of $28.86.

Institutional Trading of Douglas Emmett

Several hedge funds have recently bought and sold shares of DEI. HighTower Advisors LLC bought a new position in shares of Douglas Emmett in the first quarter worth about $210,000. PNC Financial Services Group Inc. boosted its stake in shares of Douglas Emmett by 16.9% in the first quarter. PNC Financial Services Group Inc. now owns 7,420 shares of the real estate investment trust’s stock worth $248,000 after acquiring an additional 1,071 shares during the period. Natixis Advisors L.P. bought a new position in shares of Douglas Emmett in the first quarter worth about $371,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in shares of Douglas Emmett by 10.5% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 64,314 shares of the real estate investment trust’s stock worth $2,149,000 after acquiring an additional 6,132 shares during the period. Finally, APG Asset Management N.V. bought a new position in shares of Douglas Emmett in the first quarter worth about $448,000. Institutional investors own 97.71% of the company’s stock.

Douglas Emmett Company Profile

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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.