NEW YORK (
) -- The ex-dividend date for
) is tomorrow, September 28, 2011. Owners of shares as of market close today will be eligible for a dividend of 13 cents per share. At a price of $17.60 as of 10:05 a.m. ET, the dividend yield is 3.1%.
The average volume for Douglas Emmett has been 2.1 million shares per day over the past 30 days. Douglas Emmett has a market cap of $2.1 billion and is part of the
industry. Shares are up 1.4% year to date as of the close of trading on Monday.
Douglas Emmett, Inc., a real estate investment trust, owns and operates office and multifamily properties in California and Hawaii. As of December 31, 2007, the company's office portfolio consisted of 48 properties and multifamily portfolio consisted of nine properties.
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TheStreet Ratings rates Douglas Emmett as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations and impressive record of earnings per share growth. However, as a counter to these strengths, we also find weaknesses including generally poor debt management, poor profit margins and a generally disappointing performance in the stock itself. You can view the full