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Douglas Elliman Inc - DOUG STOCK NEWS

Welcome to our dedicated news page for Douglas Elliman (Ticker: DOUG), a resource for investors and traders seeking the latest updates and insights on Douglas Elliman.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Douglas Elliman's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Douglas Elliman's position in the market.

News
Douglas Elliman Inc. Enters into Settlement Agreement to Resolve Certain Brokerage Commission Litigation
Rhea-AI Summary

Douglas Elliman Inc. (NYSE: DOUG) has entered into a settlement agreement to resolve a nationwide class action litigation regarding real estate brokerage fees. The company will pay $7.75 million upfront and additional contingent payments totaling $10 million by 2027. The settlement does not imply liability or validity of claims, with changes in business practices included. The agreement aims to reduce legal costs, demonstrating the company's commitment to stability and growth.

Rhea-AI Impact
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End-of-Day
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Larry Robbins and Longwood Hockey Acquire Palm Beach Ice Works and Palm Beach Breakers from Philanthropist Lori Alf
Rhea-AI Summary
Palm Beach Ice Works (PBIW) undergoes a significant transition as philanthropist Lori Alf sells the Palm Beach Breakers youth hockey and ice-skating program to Larry Robbins of Longwood Hockey while leasing the rink space. The five-year lease agreement sees Rob Laferriere overseeing operations. Larry Robbins, known for his coaching background and philanthropic efforts, aims to continue the legacy of figure skating and hockey in Palm Beach, with plans to revolutionize hockey in South Florida.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.09%
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acquisition
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Douglas Elliman Inc. Reports Fourth Quarter and Full Year 2023 Financial Results
Rhea-AI Summary
Douglas Elliman Inc. (DOUG) reported fourth-quarter and full-year 2023 financial results, showcasing revenues of $214.1 million and $955.6 million, respectively. The real estate brokerage segment saw gross transaction values of $7.9 billion and $34.4 billion, with an average price per transaction of $1.58 million and $1.59 million. Despite an operating loss of $23.6 million and $64.5 million, net losses attributed to Douglas Elliman were $14.8 million and $42.6 million for the quarter and year, respectively. Adjusted EBITDA showed losses of $17.5 million and $40.7 million for the quarter and year, indicating challenges in the real estate market.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.54%
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earnings
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Douglas Elliman Inc. to Host Fourth Quarter and Full Year 2023 Results Conference Call
Rhea-AI Summary
Douglas Elliman Inc. (DOUG) will hold a conference call and webcast to discuss its Q4 and full year 2023 results on March 1, 2024. Investors can access the live webcast and a replay will be available.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.66%
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conferences earnings
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Douglas Elliman | Knight Frank Launch joint Affiliate Alliance with The Isles Group in The Bahamas
Rhea-AI Summary
Douglas Elliman | Knight Frank Announces New Affiliate Partner for Luxury Real Estate in the Bahamas
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-6.4%
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Douglas Elliman Inc. Reports Third Quarter 2023 Financial Results
Rhea-AI Summary
Douglas Elliman Inc. (NYSE:DOUG) announced Q3 2023 financial results, reporting consolidated revenues of $251.5 million, a decrease from $272.6 million in the prior year quarter. The real estate brokerage segment's gross transaction value was approximately $9.3 billion, compared to $10.2 billion in the prior year quarter. The company reported a net loss attributed to Douglas Elliman of $4.9 million, compared to a net loss of $4.0 million in the prior year quarter.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.24%
Tags
earnings
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Douglas Elliman Inc. to Host Third Quarter 2023 Results Conference Call
Rhea-AI Summary
Douglas Elliman Inc. (NYSE: DOUG) will conduct a conference call and webcast to discuss its third quarter 2023 results on Wednesday, November 8, 2023 at 8:30 a.m. (ET). Investors may access the call via live webcast at the provided link. A replay of the call will be available for a limited time.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-7.34%
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conferences earnings
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Douglas Elliman Inc. Reports Second Quarter 2023 Financial Results
Rhea-AI Summary
Douglas Elliman Inc. (NYSE:DOUG) announced financial results for the second quarter of 2023, reporting a decrease in consolidated revenues to $275.9 million and significant operating losses. The real estate brokerage segment also experienced a decline in gross transaction value and operating income compared to the prior year period. The company's net loss attributed to Douglas Elliman was $5.2 million for the quarter and $22.8 million for the first half of 2023. Adjusted EBITDA showed losses for both the company and the real estate brokerage segment, indicating a challenging financial performance.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
8.41%
Tags
earnings
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Douglas Elliman Inc. to Host Second Quarter 2023 Results Conference Call
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.3%
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conferences earnings
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Douglas Elliman Inc. Launches CFO Search
Rhea-AI Summary
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-5.33%
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Stock DOUG logo
Douglas Elliman Inc

NYSE:DOUG

DOUG Rankings

#4202 Ranked by Market Cap
#4905 Ranked by Stock Gains
N/A Ranked by Dividends

DOUG Stock Data

129.06M
75.77M
20.45%
53.9%
0.81%
Lessors of Residential Buildings and Dwellings
Real Estate and Rental and Leasing
Link
United States
Miami

About DOUG

established in 1911, douglas elliman has grown to become the nation’s fourth largest real estate firm, registering more than $18 billion in sales volume in 2014. elliman has a current network of more than 6,000 agents in over 80 offices throughout manhattan, brooklyn, queens, long island (including the hamptons and north fork), westchester and putnam counties, fairfield county, ct, as well as throughout south florida, california and aspen, co. in addition, via a strategic partnership with knight frank residential, douglas elliman’s powerful network extends to 43 countries across six continents. at douglas elliman, we are passionate about delivering exceptional consumer experiences. by offering a complete suite of real estate services, we ensure that we meet our consumers’ every need. from sales and rentals, retail and commercial, to mortgage, new development marketing, property management and title insurance, we have experts in every field to guide you skillfully from beginning to th