Douglas Emmett, Inc. Common Sto (NYSE:DEI):
Douglas Emmett And QIA Acquire Santa Monica Office Building.
The company is so far trading down from yesterday’s close of $37.94.
Douglas Emmett, Inc. Common Sto declared a dividend paid on Friday the 15th of July 2016. The dividend payment was $0.220 per share for the quarter which comes to $0.88 on an annualized basis. This dividend represents a yield of $2.33. The ex-dividend date was set for Tuesday the 28th of June 2016.
Company shares last traded at $37.35 a bit higher than the 50 day moving average of $37.23 and which is just a bit higher than the 200 day moving average of $34.35. The 50 day moving average went up by +0.29% and the 200 day average went up by +8.70%.
The company currently has a P/E ratio of 94.77 and market cap is 5.64B. In the last earnings report the EPS was $0.39 and is estimated to be $1.79 for the current year with 151,034,000 shares presently outstanding. Next quarter’s EPS is forecasted at $0.46 and the next full year EPS is projected to be $1.91.
Brokerage analysts have provided guidance on the stock. Equity analyst BTIG Research initiated coverage by announcing an initial rating of “Neutral”. On July 19 Barclays maintained a stock rating of “Underweight” but moved up the price target to $33.00 from $29.00.
On June 30, 2016 Baird began coverage with an initial rating of “Outperform”. On May 5 the stock rating was downgraded from “” to “Hold” and a price target of $34.00 was set in a report issued by Evercore ISI Group.
March 23 investment analysts at Barclays kept the company rating at “Underweight” and raised the price expectation from $28.00 to $29.00. On March 15 JP Morgan made no change to the company rating of “Overweight” and lowered the price target to $32.00 from $34.00.