SLIDESHOW: Top 10 Cheap REIT Stocks
By Dividend Channel Staff, updated Thu, April 25, 3:24 PM
This Slide: #1 of 10 |
#10. Douglas Emmett
Trading Symbol
DEI
Recent Price
13.57
Dividend Yield
5.60%
TTM Earnings
1.86
PE Ratio (TTM)
7.3
Market Cap
2.3B
#10. Douglas Emmett
Trading Symbol
DEI
Recent Price
13.57
Dividend Yield
5.60%
TTM Earnings
1.86
PE Ratio (TTM)
7.3
Market Cap
2.3B
Douglas Emmett is a self-administered and self-managed real estate investment trust. Co. owns and operates office and multifamily properties located in Los Angeles County, CA, and in Honolulu, HI. Co. operates two business segments: the acquisition, development, ownership and management of office real estate, and the acquisition, development, ownership and management of multifamily real estate. The services for its office segment include primarily rental of office space and other tenant services, including parking and storage space rental. The services for its multifamily segment include primarily rental of apartments and other tenant services, including parking and storage space rental. More details about Douglas Emmett at: http://www.douglasemmett.com.
View DEI's Dividend History » ETFs holding DEI »
Should Douglas Emmett shares be counted among the Top 10 Cheap REIT Stocks label? To start, we see that the recent trading price for DEI stock is $13.57 and the dividend yield is 5.60% (as of 4/24/2024). The most recent quarter's (MRQ) earnings result, annualized, was $1.84/share. Looking at the sum total of quarterly earnings across the trailing twelve month (TTM) period, Douglas Emmett produced $1.86/share. And taking the median quarterly result across the TTM period, and annualizing it, results in $1.84/share. Comparing the current indicated annual dividend rate of $0.76 against that median result, we calculate a dividend payout ratio of 41.3%. Comparing the company's various earnings metrics against the stock price, we end up with a PE ratio of 7.4 for the TTM Median method, 7.4 for price to earnings using MRQ annualized, and 7.3 for current price/TTM earnings. Based on DEI's history, that recent TTM PE is low relative to the historical average, with the recent PE 62.9% lower than the average (TTM method) of 19.7.
Should Douglas Emmett shares be counted among the Top 10 Cheap REIT Stocks label? To start, we see that the recent trading price for DEI stock is $13.57 and the dividend yield is 5.60% (as of 4/24/2024). The most recent quarter's (MRQ) earnings result, annualized, was $1.84/share. Looking at the sum total of quarterly earnings across the trailing twelve month (TTM) period, Douglas Emmett produced $1.86/share. And taking the median quarterly result across the TTM period, and annualizing it, results in $1.84/share. Comparing the current indicated annual dividend rate of $0.76 against that median result, we calculate a dividend payout ratio of 41.3%. Comparing the company's various earnings metrics against the stock price, we end up with a PE ratio of 7.4 for the TTM Median method, 7.4 for price to earnings using MRQ annualized, and 7.3 for current price/TTM earnings. Based on DEI's history, that recent TTM PE is low relative to the historical average, with the recent PE 62.9% lower than the average (TTM method) of 19.7.
DEI Next Dividend Date » (Projection based upon history) DEI Dividend Growth Rate » Quotes delayed 20 minutes |
Hold (2.14 out of 4) 3rd percentile
(ranked lower than approx. 97% of all stocks covered)
Analysts' Target Price: DEI Forecast Based on data provided by Zacks Investment Research via Quandl.com |
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