Douglas Elliman (NYSE:DOUG) Issues Quarterly Earnings Results

Douglas Elliman (NYSE:DOUG) announced its earnings results on Friday. The company reported ($0.14) EPS for the quarter, Zacks reports. Douglas Elliman had a negative return on equity of 14.22% and a net margin of 1.47%.The business had revenue of $214.33 million for the quarter.

Douglas Elliman Stock Up 1.7%

DOUG traded up $0.04 during trading hours on Friday, hitting $2.10. 806,958 shares of the company’s stock were exchanged, compared to its average volume of 480,528. Douglas Elliman has a 1-year low of $1.53 and a 1-year high of $3.20. The stock’s 50-day moving average is $1.90 and its two-hundred day moving average is $2.32. The stock has a market cap of $190.45 million, a price-to-earnings ratio of 41.90 and a beta of 1.93.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the business. AQR Capital Management LLC lifted its stake in Douglas Elliman by 160.3% in the fourth quarter. AQR Capital Management LLC now owns 45,780 shares of the company’s stock valued at $108,000 after acquiring an additional 28,194 shares during the last quarter. Abel Hall LLC acquired a new stake in Douglas Elliman in the fourth quarter valued at $75,000. Mangrove Partners IM LLC acquired a new stake in Douglas Elliman in the fourth quarter valued at $96,000. Algert Global LLC acquired a new stake in Douglas Elliman in the third quarter valued at $115,000. Finally, Bank of America Corp DE lifted its stake in Douglas Elliman by 1,224.2% in the second quarter. Bank of America Corp DE now owns 37,289 shares of the company’s stock valued at $87,000 after acquiring an additional 34,473 shares during the last quarter. Institutional investors and hedge funds own 59.56% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded shares of Douglas Elliman from a “sell (d)” rating to a “sell (d+)” rating in a report on Tuesday, April 21st. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, Douglas Elliman presently has a consensus rating of “Sell”.

About Douglas Elliman

Douglas Elliman (NYSE: DOUG) is one of the largest residential real estate brokerages in the United States, offering an array of services that span property sales, leasing and management. Founded in 1911 and headquartered in New York City, the firm has built a reputation for representing high-end residential properties and guiding clients through complex real estate transactions. Over the course of its history, Douglas Elliman has expanded its offerings to include specialized support for developers, investors and individual homeowners.

The company’s core business activities include residential brokerage, new development marketing, and property management.