Wedbush Has Positive Outlook of Douglas Emmett Q4 Earnings

Douglas Emmett, Inc. (NYSE:DEI) – Wedbush boosted their Q4 2024 earnings per share estimates for Douglas Emmett in a report issued on Wednesday, November 13th. Wedbush analyst R. Anderson now expects that the real estate investment trust will post earnings of $0.38 per share for the quarter, up from their prior forecast of $0.37. The consensus estimate for Douglas Emmett’s current full-year earnings is $1.70 per share. Wedbush also issued estimates for Douglas Emmett’s FY2025 earnings at $1.54 EPS.

DEI has been the subject of a number of other reports. Evercore ISI raised their price objective on Douglas Emmett from $16.00 to $19.00 and gave the company an “in-line” rating in a research report on Thursday, November 7th. Piper Sandler lifted their price objective on shares of Douglas Emmett from $15.00 to $16.00 and gave the stock a “neutral” rating in a research report on Monday, August 12th. Citigroup upped their price objective on shares of Douglas Emmett from $14.00 to $16.00 and gave the company a “neutral” rating in a report on Thursday, September 12th. JPMorgan Chase & Co. raised their target price on shares of Douglas Emmett from $15.00 to $18.00 and gave the stock a “neutral” rating in a research note on Monday, September 9th. Finally, Wells Fargo & Company upped their price target on shares of Douglas Emmett from $15.00 to $17.00 and gave the company an “overweight” rating in a research note on Wednesday, September 11th. Six equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $17.43.

Douglas Emmett Price Performance

NYSE:DEI opened at $18.39 on Monday. The company has a current ratio of 4.09, a quick ratio of 5.11 and a debt-to-equity ratio of 1.51. The firm has a fifty day simple moving average of $17.79 and a 200 day simple moving average of $15.57. Douglas Emmett has a 1-year low of $11.08 and a 1-year high of $19.59. The stock has a market capitalization of $3.08 billion, a PE ratio of -183.90 and a beta of 1.10.

Douglas Emmett (NYSE:DEI) last released its earnings results on Monday, November 4th. The real estate investment trust reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.38). Douglas Emmett had a negative net margin of 1.68% and a negative return on equity of 0.43%. The business had revenue of $250.75 million during the quarter, compared to the consensus estimate of $242.75 million. The firm’s revenue for the quarter was down 1.8% on a year-over-year basis. During the same period last year, the business posted $0.45 EPS.

Institutional Trading of Douglas Emmett

A number of institutional investors have recently modified their holdings of DEI. Wolverine Asset Management LLC bought a new stake in shares of Douglas Emmett during the 2nd quarter worth approximately $32,000. Venturi Wealth Management LLC acquired a new position in Douglas Emmett during the third quarter valued at approximately $48,000. Quarry LP raised its position in Douglas Emmett by 155.0% during the second quarter. Quarry LP now owns 4,121 shares of the real estate investment trust’s stock valued at $55,000 after purchasing an additional 2,505 shares in the last quarter. Blue Trust Inc. lifted its stake in Douglas Emmett by 1,081.5% during the third quarter. Blue Trust Inc. now owns 3,710 shares of the real estate investment trust’s stock worth $65,000 after purchasing an additional 3,396 shares during the last quarter. Finally, GAMMA Investing LLC boosted its holdings in shares of Douglas Emmett by 44.6% in the 3rd quarter. GAMMA Investing LLC now owns 3,811 shares of the real estate investment trust’s stock valued at $67,000 after purchasing an additional 1,175 shares in the last quarter. 97.37% of the stock is currently owned by institutional investors.

Douglas Emmett Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 16th. Stockholders of record on Monday, September 30th were given a $0.19 dividend. The ex-dividend date of this dividend was Monday, September 30th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 4.13%. Douglas Emmett’s payout ratio is -760.00%.

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.