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

Douglas Emmett (NYSE:DEIGet Rating) issued an update on its FY 2022 earnings guidance on Tuesday morning. The company provided EPS guidance of $2.03-$2.07 for the period. The company issued revenue guidance of -.

Douglas Emmett Stock Performance

NYSE DEI traded down $0.01 during trading on Friday, reaching $22.04. 739,267 shares of the company’s stock were exchanged, compared to its average volume of 1,225,123. The business has a 50 day moving average price of $23.50 and a 200-day moving average price of $28.51. The stock has a market capitalization of $3.87 billion, a P/E ratio of 44.98, a PEG ratio of 2.13 and a beta of 0.92. The company has a debt-to-equity ratio of 1.23, a current ratio of 3.04 and a quick ratio of 2.99. Douglas Emmett has a fifty-two week low of $21.35 and a fifty-two week high of $36.97.

Douglas Emmett (NYSE:DEIGet Rating) last announced its quarterly earnings results on Monday, August 1st. The real estate investment trust reported $0.14 earnings per share for the quarter, hitting analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $245.29 million. During the same quarter in the previous year, the business earned $0.47 earnings per share. The business’s revenue was up 9.8% compared to the same quarter last year. Sell-side analysts forecast that Douglas Emmett will post 2.05 earnings per share for the current fiscal year.

Douglas Emmett Dividend Announcement

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

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on DEI shares. 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 report on Friday, July 1st. Evercore ISI set a $33.00 price objective on Douglas Emmett in a report on Monday, June 20th. Credit Suisse Group initiated coverage on Douglas Emmett in a research note on Wednesday, June 22nd. They issued an outperform rating and a $27.00 price target for the company. JPMorgan Chase & Co. cut their price target on Douglas Emmett from $38.00 to $32.00 in a research note on Tuesday, June 7th. Finally, Piper Sandler cut their price target on Douglas Emmett to $30.00 in a research note on Monday, July 4th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of Moderate Buy and a consensus price target of $28.86.

Institutional Investors Weigh In On Douglas Emmett

Several institutional investors and hedge funds have recently added to or reduced their stakes in DEI. Quantbot Technologies LP bought a new stake in Douglas Emmett during the first quarter worth $40,000. HighTower Advisors LLC bought a new stake in Douglas Emmett during the first quarter worth $210,000. PNC Financial Services Group Inc. lifted its stake in Douglas Emmett by 16.9% during 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 purchasing an additional 1,071 shares during the last quarter. Bridgefront Capital LLC lifted its stake in Douglas Emmett by 34.3% during the first quarter. Bridgefront Capital LLC now owns 8,031 shares of the real estate investment trust’s stock worth $268,000 after purchasing an additional 2,051 shares during the last quarter. Finally, Virtu Financial LLC bought a new stake in Douglas Emmett during the first quarter worth $351,000. 97.71% of the stock is currently owned by institutional investors.

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.

See Also

Earnings History and Estimates for Douglas Emmett (NYSE:DEI)

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