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DOUG

Douglas Elliman Inc.

https://www.elliman.com

Industry

Real Estate - Services

Douglas Elliman Inc. engages in the real estate services and property technology investment business in the United States. It operates in two segments, Real Estate Brokerage, and Corporate and Other. The company conducts residential real estate brokerage operations. It has approximately 100 offices with approximately 6,500 real estate agents in the New York metropolitan areas, as well as in Florida, California, Connecticut, Massachusetts, Colorado, New Jersey, and Texas. Douglas Elliman Inc. was founded in 1911 and is headquartered in Miami, Florida. Douglas Elliman Inc.(NYSE:DOUG) operates independently of Vector Group Ltd. as of December 29, 2021.

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Douglas Elliman's CEO, Howard Lorber, was pushed to resign amid concerns about a sexually charged work culture following an investigation. The board's decision comes after allegations of sexual misconduct by two former agents. Lorber has led the firm for two decades and stepped down as CEO and chairman.

Portfolio Pulse from Benzinga Newsdesk

October 28, 2024 | 1:49 pm

Douglas Elliman shares are trading higher following the announcement of role transitions for its CEO, chairman, and board of directors.

Portfolio Pulse from Benzinga Newsdesk

October 23, 2024 | 5:58 pm

Douglas Elliman Inc. announced a leadership transition with Howard M. Lorber retiring as President, CEO, and Chairman. Michael Liebowitz has been appointed as the new Chairman and CEO.

Portfolio Pulse from Benzinga Newsdesk

October 22, 2024 | 9:04 pm

Douglas Elliman (NYSE:DOUG) reported Q2 2024 GAAP EPS of $(0.02), missing the $(0.01) estimate. Sales were $285.8M, slightly below the $286.265M estimate but up 3.58% YoY.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 9:08 pm

Saia, Inc. (NASDAQ:SAIA) shares fell 18.6% after reporting worse-than-expected Q2 earnings and sales. Other notable movers include BurgerFi International, Inc. (NASDAQ:BFI) up 117.4% after a legal settlement, and DexCom, Inc. (NASDAQ:DXCM) down 40.7% due to disappointing Q2 revenue and weak FY24 guidance.

Portfolio Pulse from Avi Kapoor

July 26, 2024 | 5:26 pm

The article highlights recent insider transactions for five penny stocks: ARCA biopharma, Citizens, Willamette Valley Vineyards, Cyanotech, and Douglas Elliman. Insider buying can indicate confidence in the company's prospects.

Portfolio Pulse from Avi Kapoor

July 15, 2024 | 11:22 am

Douglas Elliman shares are trading higher after the company announced that it secured a $50 million growth investment from Kennedy Lewis Investment Management.

Portfolio Pulse from Benzinga Newsdesk

July 02, 2024 | 12:48 pm

Douglas Elliman has announced a $50 million growth investment from Kennedy Lewis Investment Management. The investment comes in the form of senior secured convertible notes due July 2, 2029, with a 7.0% cash interest or 8.0% paid in kind. Preliminary Q2 gross transaction value is estimated between $10.25 billion and $11.25 billion, indicating a strong cash position. The investment will be used to fuel strategic growth and expansion, and Kennedy Lewis will gain the right to nominate one director to Douglas Elliman's board.

Portfolio Pulse from Benzinga Newsdesk

July 02, 2024 | 12:35 pm

Douglas Elliman's shares dropped following the announcement of disappointing Q1 financial results, falling short of expectations.

Portfolio Pulse from Benzinga Newsdesk

May 10, 2024 | 11:41 am

Douglas Elliman (NYSE:DOUG) reported Q1 2024 adjusted EPS of $(0.28), missing estimates by 300% and marking a 33.33% decrease from the previous year. Sales were $200.239M, missing estimates by 7.91% and down 6.42% from the previous year.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 9:36 pm

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