As of Wednesday close, Douglas Emmett Inc.’s (NYSE:DEI) stock was up $0.01, moving up 0.07 percent to $13.81. The average number of shares traded per day over the past five days has been 1,505,040 shares. 2 times new highs have been achieved over the past 5 days, with a $0.28 gain in that time frame. In the last twenty days, the average volume was 1,872,340, while in the previous 50 days, it was 2,725,958.
Since last month, DEI stock retreated -4.43%. Shares of the company fell to $12.63 on 08/21/23, the lowest level in the past month. A 52-week high of $22.12 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 -11.93% or -$1.87, and marked a new high 7 times. However, the stock has declined by -37.58% since its 52-week high.
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DEI stock investors should be aware that Douglas Emmett Inc. (DEI) stock had its last reported insider trading activity 84 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 42.10. The stock’s beta is 1.00. Besides these, the trailing price-to-sales (P/S) ratio of 2.30, the price-to-book (PB) ratio of 0.98, and the price-to-cash flow ratio of 9.68 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 25.79%, the RSI 9-day stood at 60.06% on 30 August.
With respect to its five-day moving average, the current Douglas Emmett Inc. price is up by +2.07% percent or $0.28. At present, DEI shares trade -2.95% below its 20-day simple moving average and +7.39% percent above its 100-day simple moving average. However, the stock is currently trading approximately +9.43% above its SMA50 and -19.80% below its SMA200.
Stochastic coefficient K was 75.11% and Stochastic coefficient D was 59.85%, while ATR was 0.44. Given the Stochastic reading of 89.73% for the 14-day period, the RSI (14) reading has been calculated as 55.72%. As of today, the MACD Oscillator reading stands at 0.38, while the 14-day reading stands at 0.46.
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 4 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 $14.50, 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 $13.70.
