Douglas Emmett (DEI) Receives Daily News Sentiment Score of 0.08
News articles about Douglas Emmett (NYSE:DEI) have been trending somewhat positive recently, Accern Sentiment Analysis reports. Accern identifies negative and positive media coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Douglas Emmett earned a media sentiment score of 0.08 on Accern’s scale. Accern also gave headlines about the real estate investment trust an impact score of 46.4380744791389 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Here are some of the headlines that may have effected Accern Sentiment’s analysis:
- Douglas Emmett Inc (finance.yahoo.com)
- IHS Markit Score downgrades Douglas Emmett Inc to 27 out of 100, ranking positively in two out of three available IHS Markit categories. (finance.yahoo.com)
- Analysts Anticipate Douglas Emmett, Inc. (DEI) Will Announce Quarterly Sales of $186.29 Million (americanbankingnews.com)
- Douglas Emmett, Inc. (DEI) Upgraded to “Buy” by Stifel Nicolaus (americanbankingnews.com)
- $0.48 Earnings Per Share Expected for Douglas Emmett, Inc. (NYSE:DEI) This Quarter (americanbankingnews.com)
Douglas Emmett (NYSE:DEI) opened at 37.53 on Friday. Douglas Emmett has a 12 month low of $33.78 and a 12 month high of $40.79. The firm’s 50-day moving average price is $38.01 and its 200 day moving average price is $38.48. The stock has a market cap of $5.85 billion, a price-to-earnings ratio of 64.15 and a beta of 0.69.
Douglas Emmett (NYSE:DEI) last issued its earnings results on Tuesday, August 1st. The real estate investment trust reported $0.47 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.48 by $0.01. Douglas Emmett had a return on equity of 2.95% and a net margin of 12.00%. The firm had revenue of $199.60 million during the quarter, compared to analysts’ expectations of $198.60 million. During the same quarter in the prior year, the company posted $0.46 earnings per share. Douglas Emmett’s quarterly revenue was up 6.6% compared to the same quarter last year. On average, analysts anticipate that Douglas Emmett will post $0.56 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, July 14th. Shareholders of record on Friday, June 30th were issued a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 2.45%. The ex-dividend date was Wednesday, June 28th. Douglas Emmett’s dividend payout ratio is 155.93%.
DEI has been the subject of a number of research analyst reports. Barclays PLC raised their price target on Douglas Emmett from $35.00 to $36.00 and gave the stock an “underweight” rating in a research note on Wednesday, April 19th. Zacks Investment Research lowered Douglas Emmett from a “buy” rating to a “hold” rating in a research note on Monday, May 8th. DA Davidson lowered Douglas Emmett from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $45.00 to $43.00 in a research note on Thursday, May 18th. BidaskClub raised Douglas Emmett from a “sell” rating to a “hold” rating in a research note on Thursday, June 15th. Finally, BMO Capital Markets reaffirmed a “hold” rating and issued a $39.00 price target on shares of Douglas Emmett in a research note on Tuesday, July 4th. Four investment analysts have rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the stock. Douglas Emmett currently has an average rating of “Hold” and an average price target of $39.56.
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In other Douglas Emmett news, Chairman Dan A. Emmett sold 100,000 shares of the company’s stock in a transaction on Friday, May 19th. The stock was sold at an average price of $37.93, for a total value of $3,793,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders sold a total of 300,000 shares of company stock valued at $11,487,000 over the last quarter. Company insiders own 17.80% of the company’s stock.
About Douglas Emmett
Douglas Emmett, Inc is a self-administered and self-managed real estate investment trust (REIT). The Company is owner and operator of office and multifamily properties located in submarkets in Los Angeles and Honolulu. The Company operates through two segments: the acquisition, development, ownership and management of office real estate (Office Segment), and the acquisition, development, ownership and management of multifamily real estate (Multifamily Segment).
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