Douglas Emmett Inc (DEI) Shares Decline Despite Market Challenges

Douglas Emmett Inc (NYSE: DEI)’s stock price has decreased by -1.35 compared to its previous closing price of 13.33. However, the company has seen a -2.74% decrease in its stock price over the last five trading sessions. Business Wire reported 2024-04-02 that SANTA MONICA, Calif.–(BUSINESS WIRE)–Douglas Emmett, Inc. (NYSE:DEI), a real estate investment trust (REIT), announced today that it plans to release its 2024 first quarter earnings results after market close on Tuesday, May 7, 2024. A live conference call is scheduled for the following day, Wednesday, May 8, 2024, at 11:00 a.m. Pacific Time / 2:00 p.m. Eastern Time. Jordan Kaplan, President and Chief Executive Officer, will host the call along with Peter Seymour, Chief Financial Officer; Kev.

Is It Worth Investing in Douglas Emmett Inc (NYSE: DEI) Right Now?

Moreover, the 36-month beta value for DEI is 1.08. Analysts have varying opinions on the stock, with 1 analysts rating it as a “buy,” 3 as “overweight,” 11 as “hold,” and 2 as “sell.”

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The public float for DEI is 160.73M and currently, short sellers hold a 11.87% of that float. On April 03, 2024, DEI’s average trading volume was 1.98M shares.

DEI’s Market Performance

DEI’s stock has seen a -2.74% decrease for the week, with a -2.01% drop in the past month and a -9.31% fall in the past quarter. The volatility ratio for the week is 3.82%, and the volatility levels for the past 30 days are at 3.77% for Douglas Emmett Inc The simple moving average for the past 20 days is -2.56% for DEI’s stock, with a -0.72% simple moving average for the past 200 days.

Analysts’ Opinion of DEI

Many brokerage firms have already submitted their reports for DEI stocks, with Jefferies repeating the rating for DEI by listing it as a “Hold.” The predicted price for DEI in the upcoming period, according to Jefferies is $15 based on the research report published on January 02, 2024 of the current year 2024.

Wedbush, on the other hand, stated in their research note that they expect to see DEI reach a price target of $13. The rating they have provided for DEI stocks is “Neutral” according to the report published on October 03rd, 2023.

DEI Trading at -2.93% from the 50-Day Moving Average

After a stumble in the market that brought DEI to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -18.45% of loss for the given period.

Volatility was left at 3.77%, however, over the last 30 days, the volatility rate increased by 3.82%, as shares sank -1.79% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -8.17% lower at present.

During the last 5 trading sessions, DEI fell by -2.74%, which changed the moving average for the period of 200-days by +5.20% in comparison to the 20-day moving average, which settled at $13.48. In addition, Douglas Emmett Inc saw -9.31% in overturn over a single year, with a tendency to cut further losses.

Insider Trading

Reports are indicating that there were more than several insider trading activities at DEI starting from SIMON WILLIAM E JR, who sale 91,000 shares at the price of $13.95 back on Dec 06 ’23. After this action, SIMON WILLIAM E JR now owns 0 shares of Douglas Emmett Inc, valued at $1,269,141 using the latest closing price.

SIMON WILLIAM E JR, the Director of Douglas Emmett Inc, purchase 10,000 shares at $12.42 during a trade that took place back on Jun 08 ’23, which means that SIMON WILLIAM E JR is holding 91,000 shares at $124,186 based on the most recent closing price.

Stock Fundamentals for DEI

Current profitability levels for the company are sitting at:

  • 0.15 for the present operating margin
  • 0.52 for the gross margin

The net margin for Douglas Emmett Inc stands at -0.13. The total capital return value is set at 0.02. Equity return is now at value -1.83, with -0.45 for asset returns.

Based on Douglas Emmett Inc (DEI), the company’s capital structure generated 0.71 points at debt to capital in total, while cash flow to debt ratio is standing at 0.08. The debt to equity ratio resting at 2.5. The interest coverage ratio of the stock is 0.61.

Currently, EBITDA for the company is 609.62 million with net debt to EBITDA at 8.11. When we switch over and look at the enterprise to sales, we see a ratio of 7.11. The receivables turnover for the company is 8.4for trailing twelve months and the total asset turnover is 0.11.

Conclusion

To wrap up, the performance of Douglas Emmett Inc (DEI) has been bad in recent times. The stock has received a bearish of “sell” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.

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