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

Douglas Emmett, Inc. (NYSE:DEI) announced a quarterly dividend on Friday, December 5th. Investors of record on Wednesday, December 31st will be paid a dividend of 0.19 per share by the real estate investment trust on Thursday, January 15th. This represents a c) annualized dividend and a dividend yield of 6.8%. The ex-dividend date is Wednesday, December 31st.

Douglas Emmett has decreased its dividend payment by an average of 0.1%annually over the last three years. Douglas Emmett has a dividend payout ratio of -400.0% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research 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 Up 0.1%

Douglas Emmett stock opened at $11.20 on Monday. Douglas Emmett has a one year low of $10.92 and a one year high of $19.06. The stock has a fifty day moving average of $12.08 and a 200 day moving average of $14.22. The company has a debt-to-equity ratio of 1.58, a quick ratio of 3.03 and a current ratio of 3.03. The stock has a market cap of $1.88 billion, a PE ratio of 93.33 and a beta of 1.12.

Douglas Emmett (NYSE:DEI) last released its quarterly earnings results on Tuesday, November 4th. The real estate investment trust reported $0.34 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.34. Douglas Emmett had a return on equity of 0.62% and a net margin of 2.22%.The business had revenue of $250.58 million during the quarter, compared to the consensus estimate of $252.73 million. During the same period in the previous year, the company posted $0.43 EPS. The business’s quarterly revenue was up .0% compared to the same quarter last year. Douglas Emmett has set its FY 2025 guidance at 1.430-1.470 EPS. As a group, sell-side analysts predict that Douglas Emmett will post 1.45 EPS for the current year.

Institutional Trading of Douglas Emmett

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Cetera Investment Advisers increased its holdings in Douglas Emmett by 6.7% in the 2nd quarter. Cetera Investment Advisers now owns 12,220 shares of the real estate investment trust’s stock valued at $184,000 after acquiring an additional 766 shares during the last quarter. Vanguard Personalized Indexing Management LLC lifted its position in Douglas Emmett by 2.5% in the third quarter. Vanguard Personalized Indexing Management LLC now owns 33,786 shares of the real estate investment trust’s stock worth $526,000 after buying an additional 815 shares during the last quarter. California State Teachers Retirement System boosted its stake in shares of Douglas Emmett by 0.5% during the 2nd quarter. California State Teachers Retirement System now owns 154,385 shares of the real estate investment trust’s stock worth $2,322,000 after purchasing an additional 819 shares during the period. PNC Financial Services Group Inc. boosted its position in shares of Douglas Emmett by 6.4% during the third quarter. PNC Financial Services Group Inc. now owns 13,931 shares of the real estate investment trust’s stock valued at $217,000 after buying an additional 844 shares during the period. Finally, Amalgamated Bank boosted its holdings in Douglas Emmett by 1.8% during the 3rd quarter. Amalgamated Bank now owns 48,465 shares of the real estate investment trust’s stock valued at $755,000 after acquiring an additional 874 shares during the period. Institutional investors own 97.37% of the company’s stock.

About Douglas Emmett

Douglas Emmett, Inc is a publicly traded real estate investment trust headquartered in Santa Monica, California. The company specializes in the ownership, management and development of high‐quality office and multifamily properties, primarily concentrated in the coastal regions of Los Angeles County and the Greater Honolulu area. As a vertically integrated real estate platform, Douglas Emmett controls all aspects of property operations, leasing, capital improvements and tenant relations, positioning it to deliver stable, long‐term cash flows.

The company’s office portfolio consists predominantly of Class A buildings located in prime business districts, featuring modern amenities, campus-like settings and environmentally conscious design elements.