The stock price of Douglas Emmett Inc (NYSE: DEI) has dropped by -0.44 compared to previous close of 15.85. Despite this, the company has seen a fall of -0.57% in its stock price over the last five trading days. businesswire.com reported 2024-09-05 that SANTA MONICA, Calif.–(BUSINESS WIRE)–Douglas Emmett, Inc. (NYSE: DEI), a real estate investment trust (REIT), announced today that its Board of Directors has declared a quarterly cash dividend on each share of its common stock of $0.19, or $0.76 on an annualized basis, to be paid on October 16, 2024 to shareholders of record as of September 30, 2024. About Douglas Emmett, Inc. Douglas Emmett, Inc. (DEI) is a fully integrated, self-administered and self-managed real estate investment trust (RE.
Is It Worth Investing in Douglas Emmett Inc (NYSE: DEI) Right Now?
The 36-month beta value for DEI is also noteworthy at 1.11. There are mixed opinions on the stock, with 1 analysts rating it as a “buy,” 3 rating it as “overweight,” 11 rating it as “hold,” and 2 rating it as “sell.”
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The public float for DEI is 160.78M, and at present, short sellers hold a 12.61% of that float. The average trading volume of DEI on September 06, 2024 was 1.56M shares.
DEI’s Market Performance
The stock of Douglas Emmett Inc (DEI) has seen a -0.57% decrease in the past week, with a 3.34% rise in the past month, and a 16.03% gain in the past quarter. The volatility ratio for the week is 2.47%, and the volatility levels for the past 30 days are at 2.64% for DEI.. The simple moving average for the past 20 days is 2.72% for DEI’s stock, with a 13.24% 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 6.38% 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 -4.74% of loss for the given period.
Volatility was left at 2.64%, however, over the last 30 days, the volatility rate increased by 2.47%, as shares surge +4.43% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +17.76% upper at present.
During the last 5 trading sessions, DEI fell by -0.57%, which changed the moving average for the period of 200-days by +34.87% in comparison to the 20-day moving average, which settled at $15.40. In addition, Douglas Emmett Inc saw 8.83% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at DEI starting from SIMON WILLIAM E JR, who purchase 45,000 shares at the price of $13.15 back on Jun 10 ’24. After this action, SIMON WILLIAM E JR now owns 45,000 shares of Douglas Emmett Inc, valued at $591,800 using the latest closing price.
SIMON WILLIAM E JR, the Director of Douglas Emmett Inc, sale 91,000 shares at $13.95 during a trade that took place back on Dec 06 ’23, which means that SIMON WILLIAM E JR is holding 0 shares at $1,269,141 based on the most recent closing price.
Stock Fundamentals for DEI
Current profitability levels for the company are sitting at:
- 0.17 for the present operating margin
- 0.34 for the gross margin
The net margin for Douglas Emmett Inc stands at -0.03. The total capital return value is set at 0.02. Equity return is now at value -1.55, with -0.37 for asset returns.
Based on Douglas Emmett Inc (DEI), the company’s capital structure generated 0.72 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 2.56. The interest coverage ratio of the stock is 1.11.
Currently, EBITDA for the company is 609.62 million with net debt to EBITDA at 8.18. When we switch over and look at the enterprise to sales, we see a ratio of 7.61. The receivables turnover for the company is 8.27for trailing twelve months and the total asset turnover is 0.11.
Conclusion
In summary, Douglas Emmett Inc (DEI) has had a better performance as of late. Analysts have bearish opinions on the stock, with some viewing it as a “sell” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
