Douglas Emmett, Inc. (NYSE:DEI) Announces Quarterly Dividend of $0.19

Douglas Emmett, Inc. (NYSE:DEI) announced a quarterly dividend on Tuesday, December 17th,Wall Street Journal reports. Shareholders of record on Tuesday, December 31st will be given a dividend of 0.19 per share by the real estate investment trust on Wednesday, January 15th. This represents a $0.76 annualized dividend and a yield of 4.07%. The ex-dividend date of this dividend is Tuesday, December 31st.

Douglas Emmett has raised its dividend payment by an average of 10.3% per year over the last three years. Douglas Emmett has a dividend payout ratio of -447.1% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect Douglas Emmett to earn $1.50 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 50.7%.

Douglas Emmett Trading Down 8.2 %

DEI opened at $18.66 on Thursday. The company has a market cap of $3.12 billion, a P/E ratio of -186.60 and a beta of 1.11. The company has a current ratio of 4.09, a quick ratio of 4.09 and a debt-to-equity ratio of 1.51. The company’s 50 day moving average is $18.84 and its 200-day moving average is $16.45. Douglas Emmett has a 1-year low of $12.35 and a 1-year high of $20.50.

Douglas Emmett (NYSE:DEI) last posted its earnings results on Monday, November 4th. The real estate investment trust reported $0.03 EPS for the quarter, missing the consensus estimate of $0.41 by ($0.38). The firm 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 1.68% and a negative return on equity of 0.43%. Douglas Emmett’s revenue for the quarter was down 1.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.45 earnings per share. Equities research analysts predict that Douglas Emmett will post 1.7 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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

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.