Douglas Emmett, Inc. (NYSE:DEI – Get Free Report) announced a quarterly dividend on Thursday, September 3rd. Stockholders of record on Wednesday, September 30th will be given a dividend of 0.19 per share by the real estate investment trust on Thursday, October 15th. This represents a c) dividend on an annualized basis and a dividend yield of 6.7%. The ex-dividend date is Wednesday, September 30th.
Douglas Emmett has decreased its dividend by an average of 0.1%per year over the last three years. Douglas Emmett has a dividend payout ratio of -400.0% indicating that 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 $1.43 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 53.1%.
Douglas Emmett Trading Up 1.2%
NYSE:DEI opened at $11.41 on Friday. Douglas Emmett has a 52 week low of $9.04 and a 52 week high of $16.99. The company has a debt-to-equity ratio of 1.63, a quick ratio of 2.60 and a current ratio of 2.60. The firm’s fifty day moving average is $11.95 and its 200-day moving average is $11.17. The firm has a market cap of $1.91 billion, a P/E ratio of -76.06, a P/E/G ratio of 5.06 and a beta of 1.15.
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.
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