Douglas Emmett, Inc. (NYSE:DEI – Get Rating) declared a quarterly dividend on Wednesday, May 24th, Zacks reports. Investors of record on Friday, June 30th will be given a dividend of 0.19 per share by the real estate investment trust on Tuesday, July 18th. This represents a $0.76 annualized dividend and a dividend yield of 6.80%. The ex-dividend date is Thursday, June 29th.
Douglas Emmett has decreased its dividend by an average of 1.0% per year over the last three years. Douglas Emmett has a dividend payout ratio of 292.3% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect Douglas Emmett to earn $1.82 per share next year, which means the company should continue to be able to cover its $0.76 annual dividend with an expected future payout ratio of 41.8%.
Douglas Emmett Trading Down 1.2 %
NYSE:DEI opened at $11.17 on Friday. The company has a debt-to-equity ratio of 1.24, a quick ratio of 2.54 and a current ratio of 2.54. Douglas Emmett has a one year low of $10.09 and a one year high of $28.65. The business’s 50-day simple moving average is $11.94 and its 200 day simple moving average is $14.37. The stock has a market cap of $1.90 billion, a price-to-earnings ratio of 21.90 and a beta of 0.94.
Hedge Funds Weigh In On Douglas Emmett
Analysts Set New Price Targets
Several research analysts recently commented on DEI shares. Wells Fargo & Company cut their price target on Douglas Emmett from $18.00 to $16.00 and set an “overweight” rating on the stock in a research note on Thursday, March 16th. StockNews.com initiated coverage on Douglas Emmett in a research note on Thursday, May 18th. They set a “hold” rating on the stock. Evercore ISI cut their price objective on Douglas Emmett from $17.00 to $16.00 in a research note on Monday, March 27th. JPMorgan Chase & Co. cut their price objective on Douglas Emmett from $20.00 to $15.00 and set a “neutral” rating on the stock in a research note on Monday, April 10th. Finally, TheStreet cut Douglas Emmett from a “c” rating to a “d+” rating in a research note on Tuesday, May 2nd. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $15.78.
About Douglas Emmett
Douglas Emmett, Inc is a real estate investment trust, engages in the acquisition, development, ownership, and management of real estate properties. It operates through the following segments: Office, and Multifamily. The Office segment comprises rental of office space and other tenant services, including parking and storage space rental.
- Get a free copy of the StockNews.com research report on Douglas Emmett (DEI)
- 3 Electrical Gear Makers: Hidden Gems Amid Growing Digitization
- Can ULTA’s Defensive Product Line Stand Against This Down Cycle
- A Reversal Is Brewing For Medtronic: Buying The Dip
- Ralph Lauren’s Styled Dividend Is Still In Season
- Dollar Tree Falls As Theft Cuts Into Bottom Line
Receive News & Ratings for Douglas Emmett Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Douglas Emmett and related companies with MarketBeat.com's FREE daily email newsletter.