During the recent session, Douglas Emmett Inc. (NYSE:DEI)’s traded shares were 0.91 million, with the beta value of the company hitting 0.97. At the last check today, the stock’s price was $11.15, reflecting an intraday loss of -1.28% or -$0.15. The 52-week high for the DEI share is $28.21, that puts it down -153.0 from that peak though still a striking 9.51% gain since the share price plummeted to a 52-week low of $10.09. The company’s market capitalization is $1.89B, and the average intraday trading volume over the past 10 days was 3.27 million shares, and the average trade volume was 3.23 million shares over the past three months.
Douglas Emmett Inc. (DEI) received a consensus recommendation of a Hold from analysts. That translates to a mean rating of 2.80. DEI has a Sell rating from 2 analyst(s) out of 13 analysts who have looked at this stock. 7 analyst(s) recommend to Hold the stock while 1 suggest Overweight, and 3 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be $0.09.
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Douglas Emmett Inc. (NYSE:DEI) trade information
Douglas Emmett Inc. (DEI) registered a -1.28% downside in the last session and has traded in the green over the past 5 sessions. The stock plummet -1.28% in intraday trading to $11.15 this Wednesday, 05/24/23, hitting a weekly high. The stock’s 5-day price performance is 1.23%, and it has moved by -10.04% in 30 days. Based on these gigs, the overall price performance for the year is -58.63%. The short interest in Douglas Emmett Inc. (NYSE:DEI) is 17.73 million shares and it means that shorts have 6.46 day(s) to cover.
The consensus price target of analysts on Wall Street is $13.75, which implies an increase of 18.91% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $9.00 and $17.00 respectively. As a result, DEI is trading at a discount of -52.47% off the target high and 19.28% off the low.
Douglas Emmett Inc. (DEI) estimates and forecasts
Statistics show that Douglas Emmett Inc. has underperformed its competitors in share price, compared to the industry in which it operates. Douglas Emmett Inc. (DEI) shares have gone down -33.52% during the last six months, with a year-to-date growth rate less than the industry average at -7.39% against -5.70. Yet analysts are ramping up their growth forecast for the fiscal year 2023. Revenue is predicted to shrink -35.70% this quarter and then drop -38.50% in the quarter after that. In the rating firms’ projections, revenue will increase 1.80% compared to the previous financial year.
Revenue for the current quarter is expected to be $254.37 million as predicted by 6 analyst(s). Meanwhile, a consensus of 6 analyst(s) estimates revenue growth to $253.47 million by the end of Sep 2023. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled $246.97 million and $251.01 million respectively. In this case, analysts expect current quarter sales to grow by 3.00% and then jump by 1.00% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -1.20%. While earnings are projected to return 49.20% in 2023, the next five years will return 5.93% per annum.
Douglas Emmett Inc. is due to release its next quarterly earnings between July 31 and August 04. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance. Investors should also take the other fundamental and operational aspects into account before investing in the stock. The forward dividend ratio for Douglas Emmett Inc. is 0.76, with the dividend yield indicating at 6.73 percent, continuing the trend of increasing dividends in recent years.
Douglas Emmett Inc. (NYSE:DEI)’s Major holders
Douglas Emmett Inc. insiders own 4.29% of total outstanding shares while institutional holders control 100.82%, with the float percentage being 105.34%. Vanguard Group, Inc. (The) is the largest shareholder of the company, while 398 institutions own stock in it. As of Mar 30, 2023, the company held over 25.44 million shares (or 14.98% of all shares), a total value of $313.64 million in shares.
The next largest institutional holding, with 21.03 million shares, is of Blackrock Inc.’s that is approximately 12.39% of outstanding shares. At the market price on Mar 30, 2023, these shares were valued at $259.33 million.
Also, the Mutual Funds coming in first place with the largest holdings of Douglas Emmett Inc. (DEI) shares are First Eagle Global Fund and Vanguard Specialized-Real Estate Index Fund. Data provided on Jan 30, 2023 indicates that First Eagle Global Fund owns about 8.22 million shares. This amounts to just over 4.67 percent of the company’s overall shares, with a $137.6 million market value. The same data shows that the other fund manager holds slightly less at 7.84 million, or about 4.46% of the stock, which is worth about $131.31 million.