Douglas Emmett, Inc. (NYSE:DEI – Get Free Report) declared a quarterly dividend on Thursday, September 3rd. Shareholders of record on Wednesday, September 30th will be paid 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 of this dividend is Wednesday, September 30th.
Douglas Emmett has decreased its dividend payment 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. 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 Down 0.4%
DEI stock opened at $11.29 on Friday. The business has a fifty day moving average of $11.96 and a 200-day moving average of $11.17. Douglas Emmett has a twelve month low of $9.04 and a twelve month high of $16.99. The company has a market cap of $1.89 billion, a P/E ratio of -75.26, a PEG ratio of 5.09 and a beta of 1.15. The company has a quick ratio of 2.60, a current ratio of 2.60 and a debt-to-equity ratio of 1.63.
Douglas Emmett Company Profile
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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