Douglas Emmett, Inc. (NYSE:DEI) announced a quarterly dividend on Friday, December 8th, Wall Street Journal reports. Stockholders of record on Friday, December 29th will be given a dividend of 0.25 per share by the real estate investment trust on Monday, January 15th. This represents a $1.00 annualized dividend and a dividend yield of 2.48%. The ex-dividend date of this dividend is Thursday, December 28th. This is a boost from Douglas Emmett’s previous quarterly dividend of $0.23.

Douglas Emmett has raised its dividend by an average of 6.9% per year over the last three years and has increased its dividend every year for the last 6 years. Douglas Emmett has a dividend payout ratio of 52.6% indicating that its dividend is sufficiently covered by earnings. Analysts expect Douglas Emmett to earn $2.01 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 49.8%.

Douglas Emmett (NYSE DEI) traded up $0.36 on Friday, hitting $40.28. 869,300 shares of the stock traded hands, compared to its average volume of 746,434. Douglas Emmett has a fifty-two week low of $35.27 and a fifty-two week high of $41.19. The company has a market cap of $6,767.45, a price-to-earnings ratio of 21.12, a price-to-earnings-growth ratio of 3.28 and a beta of 0.71.

Douglas Emmett (NYSE:DEI) last posted its earnings results on Tuesday, November 7th. The real estate investment trust reported $0.48 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.48. Douglas Emmett had a net margin of 11.29% and a return on equity of 2.58%. The business had revenue of $208.75 million for the quarter, compared to analyst estimates of $203.99 million. During the same quarter in the prior year, the firm earned $0.47 EPS. The firm’s quarterly revenue was up 8.7% compared to the same quarter last year. analysts predict that Douglas Emmett will post 1.9 EPS for the current fiscal year.

Several research firms have recently weighed in on DEI. Janney Montgomery Scott began coverage on shares of Douglas Emmett in a report on Friday, September 8th. They issued a “neutral” rating on the stock. BidaskClub raised shares of Douglas Emmett from a “strong sell” rating to a “sell” rating in a report on Saturday, August 26th. KeyCorp reaffirmed a “hold” rating on shares of Douglas Emmett in a report on Sunday, September 24th. TheStreet raised shares of Douglas Emmett from a “c+” rating to a “b-” rating in a report on Wednesday, November 15th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $43.00 target price (up previously from $42.00) on shares of Douglas Emmett in a report on Thursday, November 9th. Five equities research analysts have rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the company’s stock. Douglas Emmett presently has an average rating of “Hold” and an average target price of $40.67.

In other Douglas Emmett news, Chairman Dan A. Emmett sold 100,000 shares of the stock in a transaction dated Friday, September 22nd. The shares were sold at an average price of $38.99, for a total transaction of $3,899,000.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 17.80% of the stock is owned by corporate insiders.

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About Douglas Emmett

Douglas Emmett, Inc is a self-administered and self-managed real estate investment trust (REIT). The Company is owner and operator of office and multifamily properties located in submarkets in Los Angeles and Honolulu. The Company operates through two segments: the acquisition, development, ownership and management of office real estate (Office Segment), and the acquisition, development, ownership and management of multifamily real estate (Multifamily Segment).

Dividend History for Douglas Emmett (NYSE:DEI)

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