From MarketBeat:

Douglas Emmett revised its FY24 earnings guidance to $1.64-1.70 per share, below the consensus estimate of $1.67. The stock is down 0.3% after trading at $12.73 on Tuesday. With a market cap of $2.12 billion and a debt-to-equity ratio of 1.38, Douglas Emmett had a 50-day moving average price of $14.21.

The company also announced a quarterly dividend of $0.19 per share on January 17th, yielding 5.97%. Three analysts rated the stock as a sell, six as a hold, and two as a buy, with an average target price of $14.11.

Director William E. Simon, Jr. recently sold 91,000 shares of Douglas Emmett’s stock at $13.95 per share. Insiders own 14% of the company’s stock.

Several hedge funds have either increased or decreased their stakes in Douglas Emmett. Quantbot Technologies LP acquired a new stake in Douglas Emmett worth $40,000. Institutional investors and hedge funds own 97.37% of the company’s stock.

Douglas Emmett, Inc. (DEI) is a self-managed real estate investment trust (REIT) owning and operating high-quality office and multifamily properties in Los Angeles and Honolulu.

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Read more: Douglas Emmett (NYSE:DEI) Releases FY24 Earnings Guidance