Douglas Emmett Inc. (NYSE:DEI) has a beta value of 0.85 and has seen 0.78 million shares traded in the last trading session. The company, currently valued at $5.87B, closed the last trade at $33.43 per share which meant it lost -$0.03 on the day or -0.09% during that session. The DEI stock price is -10.53% off its 52-week high price of $36.95 and 31.56% above the 52-week low of $22.88. If we look at the company’s 10-day average daily trading volume, we find that it stood at 0.86 million shares traded. The 3-month trading volume is 828.11K shares.
The consensus among analysts is that Douglas Emmett Inc. (DEI) is a Hold stock at the moment, with a recommendation rating of 2.80. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 12 out of 14 have rated it as a Hold, with 2 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is $0.06.
Douglas Emmett Inc. (NYSE:DEI) trade information
Sporting -0.09% in the red in last session, the stock has traded in the green over the last five days, with the highest price hit on Friday, 09/03/21 when the DEI stock price touched $33.43 or saw a rise of 0.95%. Year-to-date, Douglas Emmett Inc. shares have moved 14.56%, while the 5-day performance has seen it change 1.61%. Over the past 30 days, the shares of Douglas Emmett Inc. (NYSE:DEI) have changed 1.89%. Short interest in the company has seen 7.79 million shares shorted with days to cover at 6.38.
Wall Street analysts have a consensus price target for the stock at $36.25, which means that the shares’ value could jump 7.78% from current levels. The projected low price target is $34.00 while the price target rests at a high of $42.00. In that case, then, we find that the current price level is -25.64% off the targeted high while a plunge would see the stock gain -1.71% from current levels.
Douglas Emmett Inc. (DEI) estimates and forecasts
Figures show that Douglas Emmett Inc. shares have underperformed across the wider relevant industry. The company’s shares have lost -0.48% over the past 6 months, with this year growth rate of 0.00%, compared to 3.40% for the industry. Other than that, the company has, however, lowered its growth outlook for the 2021 fiscal year revenue. Growth estimates for the current quarter are 500.00% and 250.00% for the next quarter. Revenue growth from the last financial year stood is estimated to be 0.00%.
5 analysts offering their estimates for the company have set an average revenue estimate of $225.01 million for the current quarter. 4 have an estimated revenue figure of $223.27 million for the next quarter concluding in Sep 2021. Year-ago sales stood $207.8 million and $216.99 million respectively for this quarter and the next, and analysts expect sales will grow by 8.30% for the current quarter and 2.90% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -6.10% over the past 5 years. Earnings growth for 2021 is a modest -86.50% while over the next 5 years, the company’s earnings are expected to increase by 8.00%.
Douglas Emmett Inc. is expected to release its next earnings report between November 01 and November 05 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 1.12 at a share yield of 3.35%. The company’s dividend yield has gone up over the past 12 months, with a 5 Year Average Dividend Yield of 2.78%.
Douglas Emmett Inc. (NYSE:DEI)’s Major holders
Insiders own 5.45% of the company shares, while shares held by institutions stand at 100.31% with a share float percentage of 106.09%. Investors are also buoyed by the number of investors in a company, with Douglas Emmett Inc. having a total of 412 institutions that hold shares in the company. The top two institutional holders are Vanguard Group, Inc. (The) with over 23.92 million shares worth more than $697.96 million. As of Dec 30, 2020, Vanguard Group, Inc. (The) held 13.63% of shares outstanding.
The other major institutional holder is Blackrock Inc., with the holding of over 19.23 million shares as of Dec 30, 2020. The firm’s total holdings are worth over $561.04 million and represent 10.96% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Specialized-Real Estate Index Fund and Income Fund of America Inc. As of Jan 30, 2021, the former fund manager holds about 4.46% shares in the company for having 7.83 million shares of worth $217.04 million while later fund manager owns 4.75 million shares of worth $149.15 million as of Mar 30, 2021, which makes it owner of about 2.71% of company’s outstanding stock.