Douglas Elliman (NYSE:DOUG) Downgraded by Wall Street Zen to Hold

Wall Street Zen lowered shares of Douglas Elliman (NYSE:DOUG) from a buy rating to a hold rating in a research note issued to investors on Saturday morning,Wall Street Zen reports.

A number of other equities research analysts have also issued reports on DOUG. Weiss Ratings raised Douglas Elliman from a “sell (d)” rating to a “sell (d+)” rating in a research report on Friday, October 30th. Citigroup restated a “market perform” rating on shares of Douglas Elliman in a research note on Thursday. Finally, Citizens Jmp initiated coverage on Douglas Elliman in a research report on Wednesday, October 14th. They set a “market perform” rating for the company. Two research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Douglas Elliman currently has an average rating of “Reduce”.

Douglas Elliman Price Performance

DOUG stock traded down $0.04 during trading hours on Friday, reaching $1.66. 182,856 shares of the stock were exchanged, compared to its average volume of 601,021. The firm’s 50-day moving average is $1.59 and its 200-day moving average is $1.85. Douglas Elliman has a 12 month low of $1.38 and a 12 month high of $3.03. The company has a market cap of $150.52 million, a price-to-earnings ratio of 3.06 and a beta of 1.87.

Douglas Elliman (NYSE:DOUG) last issued its quarterly earnings results on Monday, November 9th. The company reported ($0.09) EPS for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.10). The firm had revenue of $252.09 million during the quarter, compared to the consensus estimate of $276.10 million. Douglas Elliman had a net margin of 5.73% and a negative return on equity of 22.15%.

Hedge Funds Weigh In On Douglas Elliman

A number of large investors have recently modified their holdings of DOUG. Marshall Wace LLP raised its holdings in Douglas Elliman by 5.6% during the third quarter. Marshall Wace LLP now owns 774,357 shares of the company’s stock worth $1,177,000 after acquiring an additional 40,782 shares in the last quarter. Empowered Funds LLC acquired a new position in Douglas Elliman during the third quarter valued at approximately $240,000. Mosaic Family Wealth Partners LLC acquired a new position in Douglas Elliman during the third quarter valued at approximately $152,000. Cullen Capital Management LLC grew its stake in Douglas Elliman by 13.0% in the third quarter. Cullen Capital Management LLC now owns 349,629 shares of the company’s stock valued at $531,000 after purchasing an additional 40,340 shares in the last quarter. Finally, Vise Technologies Inc. grew its stake in Douglas Elliman by 260.2% in the third quarter. Vise Technologies Inc. now owns 532,487 shares of the company’s stock valued at $809,000 after purchasing an additional 384,668 shares in the last quarter. 59.56% of the stock is currently owned by institutional investors and hedge funds.

About Douglas Elliman

Douglas Elliman Inc. is a residential real estate services company whose principal business is operating Douglas Elliman Realty, a brokerage serving buyers, sellers, renters and property owners. Its agents handle residential sales and rentals, including luxury properties, and the company also markets new residential developments. The brokerage traces its roots to 1911 and serves markets across the United States, including New York, Florida, California and other regions. It also connects clients with international markets through referral relationships.