Douglas Emmett (NYSE:DEI) Issues FY 2024 Earnings Guidance

Douglas Emmett (NYSE:DEI) updated its FY 2024 earnings guidance on Monday. The company provided earnings per share (EPS) guidance of 1.690-1.730 for the period, compared to the consensus estimate of 1.670. The company issued revenue guidance of -. Douglas Emmett also updated its FY24 guidance to $1.69-1.73 EPS.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on DEI. JPMorgan Chase & Co. upped their price target on Douglas Emmett from $15.00 to $18.00 and gave the company a “neutral” rating in a research report on Monday, September 9th. Scotiabank increased their target price on shares of Douglas Emmett from $14.00 to $16.00 and gave the stock a “sector perform” rating in a research report on Monday, August 26th. Citigroup raised their price objective on shares of Douglas Emmett from $14.00 to $16.00 and gave the stock a “neutral” rating in a report on Thursday, September 12th. Wells Fargo & Company boosted their target price on shares of Douglas Emmett from $15.00 to $17.00 and gave the company an “overweight” rating in a report on Wednesday, September 11th. Finally, Piper Sandler raised their price objective on shares of Douglas Emmett from $15.00 to $16.00 and gave the company a “neutral” rating in a research report on Monday, August 12th. Seven analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, Douglas Emmett presently has an average rating of “Hold” and an average price target of $16.29.

Douglas Emmett Trading Down 0.5 %

Shares of NYSE DEI traded down $0.09 during trading hours on Wednesday, hitting $18.39. The company’s stock had a trading volume of 1,089,106 shares, compared to its average volume of 1,649,565. Douglas Emmett has a 12 month low of $10.76 and a 12 month high of $19.46. The stock has a market cap of $3.08 billion, a price-to-earnings ratio of -87.98 and a beta of 1.10. The company has a debt-to-equity ratio of 1.47, a quick ratio of 5.11 and a current ratio of 5.11. The business has a 50-day simple moving average of $17.35 and a 200-day simple moving average of $15.29.

Douglas Emmett (NYSE:DEI) last released its quarterly earnings results on Monday, November 4th. The real estate investment trust reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.41 by ($0.38). The company had revenue of $250.75 million during the quarter, compared to the consensus estimate of $242.75 million. Douglas Emmett had a negative net margin of 3.55% and a negative return on equity of 0.88%. The business’s revenue was down 1.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.45 EPS. On average, analysts anticipate that Douglas Emmett will post 1.68 earnings per share for the current fiscal year.

Douglas Emmett Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 16th. Shareholders of record on Monday, September 30th were given a $0.19 dividend. The ex-dividend date was Monday, September 30th. This represents a $0.76 annualized dividend and a yield of 4.13%. Douglas Emmett’s payout ratio is -361.90%.

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.