Douglas Emmett, Inc. (NYSE:DEI – Get Free Report) announced a quarterly dividend on Thursday, May 28th. Shareholders of record on Tuesday, June 30th will be given a dividend of 0.19 per share by the real estate investment trust on Wednesday, July 15th. This represents a c) dividend on an annualized basis and a yield of 6.6%. The ex-dividend date is Tuesday, June 30th.
Douglas Emmett has decreased its dividend 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. Research analysts expect Douglas Emmett to earn $1.44 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 52.8%.
Douglas Emmett Stock Performance
NYSE:DEI opened at $11.57 on Friday. The company has a market capitalization of $1.94 billion, a PE ratio of -68.04, a P/E/G ratio of 6.00 and a beta of 1.14. The company has a 50 day simple moving average of $10.55 and a two-hundred day simple moving average of $10.82. The company has a debt-to-equity ratio of 1.62, a quick ratio of 2.63 and a current ratio of 2.63. Douglas Emmett has a fifty-two week low of $9.04 and a fifty-two week high of $16.99.
Douglas Emmett Company Profile
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.
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