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

Douglas Emmett, Inc. (NYSE:DEI) declared a quarterly dividend on Thursday, February 27th, RTT News reports. Investors 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 dividend on an annualized basis and a yield of 4.73%. The ex-dividend date of this dividend is Monday, March 31st.

Douglas Emmett has decreased its dividend payment by an average of 7.2% annually over the last three years. Douglas Emmett has a payout ratio of -633.3% meaning 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 $1.49 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 Stock Down 1.9 %

DEI stock opened at $16.07 on Friday. The company has a 50 day moving average of $16.88 and a two-hundred day moving average of $17.76. The company has a quick ratio of 4.09, a current ratio of 4.32 and a debt-to-equity ratio of 1.50. Douglas Emmett has a 12-month low of $12.50 and a 12-month high of $20.50. The company has a market cap of $2.69 billion, a price-to-earnings ratio of 123.66 and a beta of 1.13.

Douglas Emmett (NYSE:DEI) last released its quarterly earnings data 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 return on equity of 0.63% and a net margin of 2.38%. On average, equities analysts anticipate that Douglas Emmett will post 1.45 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

DEI has been the topic of a number of research reports. StockNews.com downgraded 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 price target on the stock in a report on Monday, January 13th. Janney Montgomery Scott reiterated a “neutral” rating on shares of Douglas Emmett in a report on Wednesday, January 15th. Wedbush upgraded Douglas Emmett from a “neutral” rating to an “outperform” rating and raised their target price for the company from $19.00 to $21.00 in a report on Thursday, January 2nd. Finally, Jefferies Financial Group began coverage on Douglas Emmett in a research note on Monday, March 17th. They set a “hold” rating and a $16.00 price target for the company. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, Douglas Emmett has an average rating of “Hold” and a consensus price target 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.