Douglas Emmett Inc (NYSE:DEI) finished Thursday with an addition of $0.17 to close at $12.62, an upside of 1.37 percent. An average of 2,738,600 shares of common stock have been traded in the last five days. There was a gain of $0.05 in the past week, and it reached a new high 3 times over the past 12 months. The last 20 days have seen an average of 2,491,340 shares traded, while the 50-day average volume stands at 2,188,148.
DEI stock has decreased by -8.55% in the last month. The company shares reached their 1-month lowest point of $12.21 on 09/27/23. 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 $18.83 in 52 weeks. It has reached a new high 7 times so far this year and lost -19.52% or -$3.06 in price. In spite of this, the price is down -33.00% from the 52-week high.
Valuation Metrics
Douglas Emmett Inc (DEI) has a trailing price-to-earnings (P/E) ratio of 38.69. The stock’s beta is 1.01. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 2.08, the price-to-book (PB) ratio at 0.88, and the price-to-cash flow ratio at 8.76.
The company has a payout ratio of 188.13%. 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 2.22 and a total debt to equity ratio of 2.22 for the quarter ending June 29. Its gross profit as reported stood at $241.63 million compared to revenue of $993.65 million.
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 28 September was 37.21%, suggesting the stock is Neutral, with historical volatility in this time frame at 40.64%.
As of today, DEI’s price is $12.58 +0.40% or $0.05 from its 5-day moving average. DEI is currently trading -8.62% lower than its 20-day SMA and +4.38% higher than its 100-day SMA. However, the stock’s current price level is -10.62% below the SMA50 and -20.78% below the SMA200.
The stochastic %K and %D were 16.23% and 18.58%, respectively, and the average true range (ATR) was 0.51. With the 14-day stochastic at 22.59% and the average true range at 0.50, the RSI (14) stands at 39.58%. The stock has reached -0.37 on the 9-day MACD Oscillator while the 14-day reading was at -0.54.
Analyst Ratings
KeyBanc Capital Markets launched coverage on Douglas Emmett Inc (NYSE: DEI) in its analyst report released on September 12, 2023. The firm assigned the stock a Sector weight rating. 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 6 suggest investors hold. There are 1 analyst who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 2 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 $15.00. Taking a look at these predictions, the average price target given by analysts for Douglas Emmett Inc (DEI) stock is $13.82.
