As of Wednesday close, Douglas Emmett Inc.’s (NYSE:DEI) stock was up $0.01, moving up 0.08 percent to $12.87. The average number of shares traded per day over the past five days has been 1,672,800 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.88 fall in that time frame. In the last twenty days, the average volume was 2,155,500, while in the previous 50 days, it was 3,650,792.
Since last month, DEI stock retreated -6.47%. Shares of the company fell to $12.78 on 08/15/23, the lowest level in the past month. A 52-week high of $22.48 was reached on 02/02/23 after having rallying from a 52-week low of $10.09. Since the beginning of this year, DEI’s stock price has dropped by -17.92% or -$2.81, and marked a new high 7 times. However, the stock has declined by -42.75% since its 52-week high.
DEI stock investors should be aware that Douglas Emmett Inc. (DEI) stock had its last reported insider trading activity 70 days ago on Jun 08. SIMON WILLIAM E JR, the Director of the company, purchased of 10,000 shares for $12.42 on Jun 08. It resulted in a $124,186 investment by the insider. SIMON WILLIAM E JR added 13,200 shares at an average price of $18.73 on Sep 28. The insider now owns 81,000 shares following the transaction. On Sep 08, Director Wang Shirley bought 284,000 shares at $21.17 apiece. The transaction was valued at $6,012,280.
Valuation Metrics
Right now, Douglas Emmett Inc. (DEI) has a P/E ratio of about 39.24. The stock’s beta is 1.02. Besides these, the trailing price-to-sales (P/S) ratio of 2.11, the price-to-book (PB) ratio of 0.91, and the price-to-cash flow ratio of 8.90 may also be considered.
The latest dividend of $0.19 per share was paid out, remained unchanged from last year’s $0.19. On Thursday December 8 2022, a $0.09 dividend decrease was announced.
Financial Health
According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 2.21, and the total debt-to-equity ratio was 2.21. On the profitability front, the trailing twelve-month gross margin is 65.20% percent. In the year ended June 29, operating margins totaled 20.90%. Based on annual data, DEI earned $241.63 million in gross profit and brought in $993.65 million in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 3.10%. Return on equity (ROE) for the past 12 months was 2.30%.
In Douglas Emmett Inc.’s quarter-end financial report for June 29, it reported total debt of $5.26 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. DEI’s revenue rose 2.54% to $252.39 million during the quarter, while net income inched up to $253.41 million. While analysts expected Douglas Emmett Inc. to report $0.09 quarterly earnings, the actual figure was -$0.04 per share, beating the consensus estimate by -144.40%. During the quarter, the company generated $152.74 million in EBITDA. The value of shareholders’ equity is $166.74 million.
Technical Picture
This quick technical analysis looks at Douglas Emmett Inc.’s (DEI) price momentum. With a historical volatility rate of 31.58%, the RSI 9-day stood at 29.63% on 16 August.
With respect to its five-day moving average, the current Douglas Emmett Inc. price is down by -6.40% percent or -$0.88. At present, DEI shares trade -8.85% below its 20-day simple moving average and +18.73% percent above its 100-day simple moving average. However, the stock is currently trading approximately +9.72% above its SMA50 and -25.09% below its SMA200.
Stochastic coefficient K was 6.06% and Stochastic coefficient D was 8.79%, while ATR was 0.48. Given the Stochastic reading of 4.20% for the 14-day period, the RSI (14) reading has been calculated as 38.65%. As of today, the MACD Oscillator reading stands at -0.68, while the 14-day reading stands at -0.92.
Analyst Ratings
Douglas Emmett Inc. downgraded its rating on Douglas Emmett Inc. (NYSE: DEI) to an Underperform in a note to investors on August 08, 2023. The analysts firm previously had a Neutral rating on the stock.Douglas Emmett Inc. (DEI) has been rated Hold by analysts. According to 2 brokerage firms, DEI is a sell, and 5 firms recommend it is a Hold. There are 1 analyst who say the stock is underweight. A total of 1 analyst rate Douglas Emmett Inc. stock as buy, with 3 recommending it as overweight.
With a median target price of $14.00, the current consensus forecast for the stock is $10.00 – $16.00. Based on these forecasts, analysts predict Douglas Emmett Inc. (DEI) will achieve an average price target of $13.73.
