Douglas Emmett Inc (NYSE:DEI) saw an upside of 1.11% to close Monday at $12.76 after adding $0.14 on the day. The 5-day average trading volume is 3,077,140 shares of the company’s common stock. It has gained $14.02 in the past week and touched a new high 2 times within the past 5 days. An average of 2,391,800 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 2,192,924.
DEI’s 1-month performance is -5.20% or -$0.56 on its low of $12.24 reached on 09/22/23. The company’s shares have touched a 52-week low of $10.09 and high of $19.30, with the stock’s rally to the 52-week high happening on 02/02/23. YTD, DEI has lost -18.62% or -$2.92 and has reached a new high 7 times. However, the current price is down -33.88% from the 52-week high price.
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Valuation Metrics
DEI stock has a beta of 1.01. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 2.10 while the price-to-book (PB) in the most recent quarter is 0.89, with the price to cash flow ratio at 8.85.
As well, the company’s long term debt to equity for the quarter ending June 29 was 2.22, while the total debt to equity was 2.22. In terms of profitability, the gross margin trailing 12 months is 25.27%. The firm’s gross profit as reported stood at $241.63 million against revenue of $993.65 million.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 435.67% to -$7.26 million, while revenue of $18.37 million was 353.03% off the previous quarter. Analysts expected DEI to announce $0.09 per share in earnings in its latest quarter, but it posted -$0.04, representing a -144.40% surprise. EBITDA for the quarter stood at more than $152.74 million. Shareholders hold equity totaling $166.74 million.
Let’s look briefly at Douglas Emmett Inc (DEI) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 25 September was 36.16% to suggest the stock is trending Neutral, with historical volatility in this time period at 46.23%.
The stock’s 5-day moving average is $12.99, reflecting a -4.78% or -$0.64 change from its current price. DEI is currently trading -4.20% above its 20-day SMA, +4.85% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -5.76% and SMA200 by-17.46%.
Stochastic %K and %D was 17.35% and 28.26% and the average true range (ATR) pointed at 0.51. The RSI (14) points at 39.73%, while the 14-day stochastic is at 29.13% with the period’s ATR at 0.49. The stock’s 9-day MACD Oscillator is pointing at -0.48 and -0.68 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Douglas Emmett Inc (NYSE: DEI), KeyBanc Capital Markets launched coverage with a Sector weight rating. Analysts offering their rating for DEI stock have a consensus rating for the stock as Hold. Currently, 2 brokerage advisors rate DEI as a “sell,”, while 6 advise that investors “Hold.” 1 analysts have rated the stock as underweight. 1 rates the stock as overweight while 2 have offered a “buy” rating.
What is DEI’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $10.00 and a high of $16.00, with their median price target at $15.00. Looking at these predictions, the average price target given by analysts is for Douglas Emmett Inc (DEI) stock is $13.82.
