Somewhat Favorable Media Coverage Somewhat Unlikely to Impact Douglas Emmett (DEI) Stock Price
Media headlines about Douglas Emmett (NYSE:DEI) have trended somewhat positive this week, Accern Sentiment Analysis reports. The research firm rates the sentiment of press coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Douglas Emmett earned a news impact score of 0.08 on Accern’s scale. Accern also assigned headlines about the real estate investment trust an impact score of 46.1072831039123 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
DEI has been the subject of a number of analyst reports. Stifel Nicolaus raised Douglas Emmett from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $38.00 to $42.00 in a research note on Wednesday, August 2nd. They noted that the move was a valuation call. Zacks Investment Research raised Douglas Emmett from a “hold” rating to a “buy” rating and set a $43.00 price objective for the company in a research note on Tuesday, July 18th. BMO Capital Markets reaffirmed a “hold” rating and set a $39.00 price objective on shares of Douglas Emmett in a research note on Tuesday, July 4th. BidaskClub raised Douglas Emmett from a “sell” rating to a “hold” rating in a research note on Thursday, June 15th. Finally, Janney Montgomery Scott started coverage on Douglas Emmett in a research note on Friday, September 8th. They set a “neutral” rating for the company. Four analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the stock. Douglas Emmett presently has an average rating of “Hold” and an average price target of $39.56.
Douglas Emmett (NYSE:DEI) opened at 38.67 on Thursday. The firm has a 50-day moving average price of $38.23 and a 200-day moving average price of $38.44. The firm has a market capitalization of $6.30 billion, a PE ratio of 66.10 and a beta of 0.69. Douglas Emmett has a 1-year low of $33.78 and a 1-year high of $40.79.
Douglas Emmett (NYSE:DEI) last issued its quarterly earnings results on Tuesday, August 1st. The real estate investment trust reported $0.47 earnings per share for the quarter, missing the Zacks’ 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 business had revenue of $199.60 million for the quarter, compared to analyst estimates of $198.60 million. During the same quarter in the previous year, the business posted $0.46 earnings per share. The business’s revenue was up 6.6% on a year-over-year basis. Equities analysts expect that Douglas Emmett will post $0.55 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, October 13th. Shareholders of record on Friday, September 29th will be issued a dividend of $0.23 per share. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $0.92 dividend on an annualized basis and a yield of 2.38%. Douglas Emmett’s payout ratio is currently 155.93%.
In other Douglas Emmett news, Chairman Dan A. Emmett sold 100,000 shares of the stock in a transaction dated Monday, July 24th. The stock was sold at an average price of $37.97, for a total transaction of $3,797,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last quarter, insiders have sold 300,000 shares of company stock valued at $11,490,000. Company insiders own 17.80% of the company’s stock.
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Douglas Emmett Company Profile
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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