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

Douglas Emmett, Inc. (NYSE:DEI) announced a quarterly dividend on Thursday, February 27th, RTT News reports. Investors of record on Monday, March 31st will be given 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 dividend yield of 4.52%.

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 -690.9% meaning 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 Up 0.8 %

DEI opened at $16.80 on Friday. Douglas Emmett has a one year low of $12.50 and a one year high of $20.50. The company has a debt-to-equity ratio of 1.50, a current ratio of 4.32 and a quick ratio of 4.09. The business has a 50 day simple moving average of $17.54 and a two-hundred day simple moving average of $17.64. The firm has a market capitalization of $2.81 billion, a price-to-earnings ratio of 129.26 and a beta of 1.11.

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

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Wedbush upgraded shares of Douglas Emmett from a “neutral” rating to an “outperform” rating and upped their price objective for the stock from $19.00 to $21.00 in a report on Thursday, January 2nd. Evercore ISI increased their price target 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. Scotiabank raised Douglas Emmett from a “sector perform” rating to a “sector outperform” rating and lifted their price objective for the company from $16.00 to $21.00 in a research report on Thursday, November 14th. StockNews.com downgraded Douglas Emmett from a “hold” rating to a “sell” rating in a report on Thursday, February 6th. Finally, Janney Montgomery Scott restated a “neutral” rating on shares of Douglas Emmett in a research note on Wednesday, January 15th. One analyst has rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $18.75.

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.