Douglas Emmett Inc. (NYSE:DEI) finished Thursday with a subtraction of -$0.1 to close at $13.65, a downside of -0.73 percent. An average of 2,290,600 shares of common stock have been traded in the last five days. There was a fall of -$0.58 in the past week, and it reached a new high 1 time over the past 12 months. The last 20 days have seen an average of 2,389,475 shares traded, while the 50-day average volume stands at 3,744,194.
DEI stock has decreased by 0.00% in the last month. The company shares reached their 1-month lowest point of $13.28 on 07/17/23. With the stock rallying to its 52-week high on 02/02/23, shares of the company touched a low of $10.09 and a high of $22.79 in 52 weeks. It has reached a new high 7 times so far this year and lost -12.95% or -$2.03 in price. In spite of this, the price is down -40.10% from the 52-week high.
Valuation Metrics
Douglas Emmett Inc. (DEI) has a trailing price-to-earnings (P/E) ratio of 24.91. The stock’s beta is 1.00. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 2.33, the price-to-book (PB) ratio at 0.96.
The company has a payout ratio of 289.70%. The company’s most recent quarterly dividend payment was $0.19 a share, without any change from last year. Its latest decrease dividend $0.09 reported on Thursday December 8 2022.
Financial Health
Further, the company has a long term debt to equity ratio of 2.08 and a total debt to equity ratio of 2.08 for the quarter ending June 29. Its gross profit as reported stood at $241.63 million compared to revenue of $993.65 million.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Douglas Emmett Inc.’s return on assets was 1.00%.
Earnings Surprise
For the three-month period that ended June 29, Douglas Emmett Inc. had $5.26 billion in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of -$7.26 million in the quarter, while revenues of $18.37 million were grew 435.67%. The analyst consensus anticipated Douglas Emmett Inc.’s latest quarter earnings to come in at $0.09 per share, but it turned out to be -$0.04, a -144.40% surprise. For the quarter, EBITDA amounted to $152.74 million. At the end of the quarter ending June 29, Douglas Emmett Inc.’s stock balance sheet showed total debt was $5.28 billion. Shareholders own equity worth $166.74 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Douglas Emmett Inc. (DEI) price momentum. RSI 9-day as of the close on 10 August was 41.90%, suggesting the stock is Neutral, with historical volatility in this time frame at 36.40%.
As of today, DEI’s price is $14.11 -4.08% or -$0.58 from its 5-day moving average. DEI is currently trading -2.29% lower than its 20-day SMA and +19.84% higher than its 100-day SMA. However, the stock’s current price level is +16.57% above the SMA50 and -17.97% below the SMA200.
The stochastic %K and %D were 26.81% and 46.49%, respectively, and the average true range (ATR) was 0.54. With the 14-day stochastic at 8.60% and the average true range at 0.53, the RSI (14) stands at 48.11%. The stock has reached -0.34 on the 9-day MACD Oscillator while the 14-day reading was at -0.23.
Analyst Ratings
BofA Securities downgraded Douglas Emmett Inc. (NYSE: DEI) to a an Underperform rating in its most recent analyst report. Previously, the stock was rated as a Neutral. The consensus rating for Douglas Emmett Inc. (DEI) among analysts is Hold. According to current brokerage recommendations, 2 brokerage firms advise that investors sell DEI, while 5 suggest investors hold. There are 1 analyst who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 3 others rate it as a “buy”.
What is DEI’s price target for the next 12 months?
Analysts predict a range of price targets between $10.00 and $16.00, with a median target of $14.00. Taking a look at these predictions, the average price target given by analysts for Douglas Emmett Inc. (DEI) stock is $13.73.
