Citizens Jmp began coverage on shares of Douglas Elliman (NYSE:DOUG – Free Report) in a research report sent to investors on Wednesday, Marketbeat.com reports. The firm issued a market perform rating on the stock.
DOUG has been the subject of a number of other reports. Citigroup initiated coverage on shares of Douglas Elliman in a research note on Wednesday. They issued a “market perform” rating for the company. Wall Street Zen raised shares of Douglas Elliman from a “sell” rating to a “buy” rating in a research note on Saturday, August 15th. Finally, Weiss Ratings raised shares of Douglas Elliman from a “sell (d)” rating to a “sell (d+)” rating in a report on Wednesday, August 19th. Two research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Reduce”.
View Our Latest Report on DOUG
Douglas Elliman Stock Down 1.0%
Douglas Elliman stock opened at $1.48 on Wednesday. The stock has a 50-day simple moving average of $1.72 and a 200 day simple moving average of $1.77. Douglas Elliman has a 12-month low of $1.42 and a 12-month high of $3.03. The stock has a market capitalization of $134.06 million, a price-to-earnings ratio of 8.68 and a beta of 1.89.
Douglas Elliman (NYSE:DOUG – Get Free Report) last issued its quarterly earnings results on Friday, August 7th. The company reported ($0.05) earnings per share (EPS) for the quarter. Douglas Elliman had a negative return on equity of 19.16% and a net margin of 2.47%. The company had revenue of $283.45 million for the quarter.
Hedge Funds Weigh In On Douglas Elliman
Several large investors have recently made changes to their positions in DOUG. BlackRock Inc. acquired a new stake in Douglas Elliman in the second quarter worth about $9,484,000. Moerus Capital Management LLC lifted its position in Douglas Elliman by 5.7% during the 1st quarter. Moerus Capital Management LLC now owns 3,092,490 shares of the company’s stock valued at $5,072,000 after purchasing an additional 166,500 shares during the period. Connor Clark & Lunn Investment Management Ltd. acquired a new position in Douglas Elliman during the 2nd quarter valued at about $736,000. Cullen Capital Management LLC bought a new position in shares of Douglas Elliman in the 2nd quarter valued at about $547,000. Finally, Clifford Capital Partners LLC boosted its stake in shares of Douglas Elliman by 48.7% in the 4th quarter. Clifford Capital Partners LLC now owns 156,829 shares of the company’s stock valued at $372,000 after purchasing an additional 51,396 shares during the last quarter. Institutional investors and hedge funds own 59.56% of the company’s stock.
About Douglas Elliman
Douglas Elliman Inc (NYSE: DOUG) is a residential real estate services company that operates primarily through the Douglas Elliman Realty brand. Its core business is representing buyers and sellers in residential property transactions, including homes, condominiums, cooperatives and luxury properties.
The company also provides related real estate services, including new-development marketing, commercial real estate brokerage, relocation services, property management and other support for real estate owners, developers and consumers.
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