Wedbush Comments on Douglas Emmett’s Q4 Earnings (NYSE:DEI)

Douglas Emmett, Inc. (NYSE:DEI) – Investment analysts at Wedbush upped their Q4 2024 earnings per share (EPS) estimates for shares of Douglas Emmett in a note issued to investors on Wednesday, November 13th. Wedbush analyst R. Anderson now expects that the real estate investment trust will earn $0.38 per share for the quarter, up from their prior estimate of $0.37. The consensus estimate for Douglas Emmett’s current full-year earnings is $1.70 per share. Wedbush also issued estimates for Douglas Emmett’s FY2025 earnings at $1.54 EPS.

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

A number of other equities research analysts also recently weighed in on DEI. Scotiabank upgraded shares of Douglas Emmett from a “sector perform” rating to a “sector outperform” rating and lifted their price target for the stock from $16.00 to $21.00 in a research note on Thursday, November 14th. JPMorgan Chase & Co. increased their price objective on shares of Douglas Emmett from $15.00 to $18.00 and gave the company a “neutral” rating in a report on Monday, September 9th. Wells Fargo & Company lifted their price objective on shares of Douglas Emmett from $15.00 to $17.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 11th. Citigroup boosted their price objective on Douglas Emmett from $14.00 to $16.00 and gave the company a “neutral” rating in a research report on Thursday, September 12th. Finally, Evercore ISI increased their price objective on Douglas Emmett from $16.00 to $19.00 and gave the stock an “in-line” rating in a report on Thursday, November 7th. Six investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, Douglas Emmett currently has a consensus rating of “Hold” and an average target price of $17.43.

Douglas Emmett Stock Performance

NYSE:DEI opened at $18.05 on Monday. The firm’s 50-day moving average is $17.79 and its 200-day moving average is $15.58. The company has a debt-to-equity ratio of 1.51, a quick ratio of 5.11 and a current ratio of 4.09. The company has a market cap of $3.02 billion, a price-to-earnings ratio of -183.90 and a beta of 1.10. Douglas Emmett has a 52-week low of $11.08 and a 52-week high of $19.59.

Institutional Trading of Douglas Emmett

Several hedge funds and other institutional investors have recently modified their holdings of DEI. Wolverine Asset Management LLC bought a new position in Douglas Emmett in the 2nd quarter valued at about $32,000. Venturi Wealth Management LLC bought a new stake in shares of Douglas Emmett in the third quarter worth $48,000. Quarry LP raised its position in shares of Douglas Emmett by 155.0% during the second quarter. Quarry LP now owns 4,121 shares of the real estate investment trust’s stock worth $55,000 after acquiring an additional 2,505 shares during the last quarter. Blue Trust Inc. boosted its stake in shares of Douglas Emmett by 1,081.5% in the 3rd quarter. Blue Trust Inc. now owns 3,710 shares of the real estate investment trust’s stock valued at $65,000 after purchasing an additional 3,396 shares during the last quarter. Finally, GAMMA Investing LLC raised its position in shares of Douglas Emmett by 44.6% in the 3rd quarter. GAMMA Investing LLC now owns 3,811 shares of the real estate investment trust’s stock worth $67,000 after acquiring an additional 1,175 shares in the last quarter. Institutional investors own 97.37% of the company’s stock.

Douglas Emmett Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 16th. Shareholders of record on Monday, September 30th were paid a $0.19 dividend. The ex-dividend date was Monday, September 30th. This represents a $0.76 annualized dividend and a yield of 4.21%. Douglas Emmett’s dividend payout ratio is -760.00%.

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.