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

Douglas Emmett, Inc. (NYSE:DEI) declared a quarterly dividend on Thursday, May 28th. Investors 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 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 $1.44 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 Price Performance

Shares of Douglas Emmett stock opened at $11.57 on Friday. The company has a current ratio of 2.63, a quick ratio of 2.63 and a debt-to-equity ratio of 1.62. The company’s 50-day moving average price is $10.55 and its two-hundred day moving average price is $10.82. Douglas Emmett has a 52 week low of $9.04 and a 52 week high of $16.99. The stock has a market cap of $1.94 billion, a PE ratio of -68.04, a price-to-earnings-growth ratio of 6.00 and a beta of 1.14.

Douglas Emmett (NYSE:DEI) last posted its quarterly earnings data on Tuesday, May 5th. The real estate investment trust reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.01. The company had revenue of $250.96 million during the quarter, compared to analyst estimates of $251.11 million. Douglas Emmett had a negative net margin of 2.59% and a negative return on equity of 0.74%. The business’s revenue for the quarter was down .4% on a year-over-year basis. During the same quarter last year, the firm posted $0.40 EPS. Douglas Emmett has set its FY 2026 guidance at 1.390-1.45 EPS. As a group, sell-side analysts anticipate that Douglas Emmett will post 1.41 EPS for the current fiscal year.

Hedge Funds Weigh In On Douglas Emmett

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Millennium Management LLC grew its position in Douglas Emmett by 650.5% during the 4th quarter. Millennium Management LLC now owns 5,607,861 shares of the real estate investment trust’s stock worth $61,630,000 after purchasing an additional 4,860,682 shares in the last quarter. Alyeska Investment Group L.P. lifted its holdings in shares of Douglas Emmett by 142.7% in the third quarter. Alyeska Investment Group L.P. now owns 2,544,575 shares of the real estate investment trust’s stock valued at $39,619,000 after purchasing an additional 1,496,132 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Douglas Emmett by 42.1% in the first quarter. Arrowstreet Capital Limited Partnership now owns 3,248,144 shares of the real estate investment trust’s stock valued at $30,598,000 after purchasing an additional 962,787 shares in the last quarter. Centersquare Investment Management LLC boosted its position in shares of Douglas Emmett by 54.7% in the fourth quarter. Centersquare Investment Management LLC now owns 2,539,450 shares of the real estate investment trust’s stock worth $27,909,000 after buying an additional 897,630 shares during the period. Finally, Marshall Wace LLP boosted its position in shares of Douglas Emmett by 1,195.2% in the fourth quarter. Marshall Wace LLP now owns 933,067 shares of the real estate investment trust’s stock worth $10,254,000 after buying an additional 861,024 shares during the period. Institutional investors and hedge funds 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.