Douglas Emmett, Inc. (DEI) to Issue Quarterly Dividend of $0.19 on April 15th

Douglas Emmett, Inc. (NYSE:DEI) announced a quarterly dividend on Thursday, February 27th, RTT News reports. Shareholders of record on Monday, March 31st will be paid a dividend of 0.19 per share by the real estate investment trust on Tuesday, April 15th. This represents a $0.76 annualized dividend and a yield of 4.73%. The ex-dividend date of this dividend is Monday, March 31st.

Douglas Emmett has decreased its dividend by an average of 7.2% per year over the last three years. Douglas Emmett has a payout ratio of -633.3% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect Douglas Emmett to earn $1.49 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 51.0%.

Douglas Emmett Trading Down 1.9 %

Shares of NYSE:DEI opened at $16.07 on Friday. The company has a quick ratio of 4.09, a current ratio of 4.32 and a debt-to-equity ratio of 1.50. The company’s 50-day moving average price is $16.88 and its 200 day moving average price is $17.76. The company has a market cap of $2.69 billion, a PE ratio of 123.66 and a beta of 1.13. Douglas Emmett has a fifty-two week low of $12.50 and a fifty-two week high of $20.50.

Douglas Emmett (NYSE:DEI) last announced its earnings results on Tuesday, February 4th. The real estate investment trust reported $0.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.44. Douglas Emmett had a net margin of 2.38% and a return on equity of 0.63%. Sell-side analysts anticipate that Douglas Emmett will post 1.45 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. Wedbush upgraded Douglas Emmett from a “neutral” rating to an “outperform” rating and upped their price objective for the company from $19.00 to $21.00 in a report on Thursday, January 2nd. StockNews.com downgraded shares of Douglas Emmett from a “hold” rating to a “sell” rating in a report on Thursday, February 6th. Piper Sandler upgraded shares of Douglas Emmett from a “neutral” rating to an “overweight” rating and set a $20.00 target price on the stock in a report on Monday, January 13th. Janney Montgomery Scott restated a “neutral” rating on shares of Douglas Emmett in a report on Wednesday, January 15th. Finally, Jefferies Financial Group initiated coverage on Douglas Emmett in a report on Monday, March 17th. They issued a “hold” rating and a $16.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $18.50.

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.