Analysts Anticipate Douglas Emmett, Inc. (DEI) to Announce $0.48 Earnings Per Share
Equities research analysts expect Douglas Emmett, Inc. (NYSE:DEI) to announce $0.48 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Six analysts have issued estimates for Douglas Emmett’s earnings, with estimates ranging from $0.47 to $0.49. Douglas Emmett reported earnings of $0.21 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 128.6%. The company is expected to report its next quarterly earnings report on Tuesday, November 7th.
On average, analysts expect that Douglas Emmett will report full year earnings of $1.91 per share for the current fiscal year, with EPS estimates ranging from $1.89 to $1.92. For the next year, analysts forecast that the company will post earnings of $2.04 per share, with EPS estimates ranging from $2.00 to $2.06. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Douglas Emmett.
Douglas Emmett (NYSE:DEI) last issued its earnings results on Tuesday, August 1st. The real estate investment trust reported $0.47 earnings per share for the quarter, missing the consensus estimate of $0.48 by ($0.01). The firm had revenue of $199.60 million during the quarter, compared to the consensus estimate of $198.60 million. Douglas Emmett had a return on equity of 2.95% and a net margin of 12.00%. The company’s quarterly revenue was up 6.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.46 EPS.
Several analysts recently commented on the stock. BidaskClub upgraded shares of Douglas Emmett from a “sell” rating to a “hold” rating in a research report on Thursday, June 15th. KeyCorp restated a “hold” rating on shares of Douglas Emmett in a research report on Sunday, September 24th. Stifel Nicolaus restated a “buy” rating and set a $42.00 price target on shares of Douglas Emmett in a research report on Thursday, September 21st. Janney Montgomery Scott assumed coverage on shares of Douglas Emmett in a research report on Friday, September 8th. They set a “neutral” rating on the stock. Finally, BMO Capital Markets restated a “hold” rating and set a $39.00 price target on shares of Douglas Emmett in a research report on Tuesday, July 4th. Four analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $39.56.
Shares of Douglas Emmett (NYSE DEI) traded up 1.41% on Friday, reaching $40.19. 774,867 shares of the company traded hands. The company has a 50-day moving average of $38.74 and a 200-day moving average of $38.44. The stock has a market capitalization of $6.55 billion, a price-to-earnings ratio of 68.70 and a beta of 0.70. Douglas Emmett has a 1-year low of $33.78 and a 1-year high of $40.79.
The business also recently announced a quarterly dividend, which will be paid on Friday, October 13th. Stockholders of record on Friday, September 29th will be given a $0.23 dividend. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $0.92 annualized dividend and a dividend yield of 2.29%. Douglas Emmett’s dividend payout ratio (DPR) is 155.93%.
In other news, Chairman Dan A. Emmett sold 100,000 shares of Douglas Emmett stock in a transaction dated Monday, July 24th. The shares were sold at an average price of $37.97, for a total value of $3,797,000.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In the last quarter, insiders sold 300,000 shares of company stock worth $11,492,000. Company insiders own 17.80% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. grew its position in shares of Douglas Emmett by 0.7% in the second quarter. Vanguard Group Inc. now owns 23,050,527 shares of the real estate investment trust’s stock valued at $880,761,000 after purchasing an additional 152,639 shares during the period. BlackRock Inc. grew its position in shares of Douglas Emmett by 3.6% in the second quarter. BlackRock Inc. now owns 16,639,474 shares of the real estate investment trust’s stock valued at $635,797,000 after purchasing an additional 576,163 shares during the period. FMR LLC grew its position in shares of Douglas Emmett by 9.8% in the second quarter. FMR LLC now owns 11,749,721 shares of the real estate investment trust’s stock valued at $448,956,000 after purchasing an additional 1,049,842 shares during the period. Bank of New York Mellon Corp grew its position in shares of Douglas Emmett by 12.8% in the second quarter. Bank of New York Mellon Corp now owns 7,582,021 shares of the real estate investment trust’s stock valued at $289,711,000 after purchasing an additional 863,062 shares during the period. Finally, State Street Corp grew its position in shares of Douglas Emmett by 1.9% in the second quarter. State Street Corp now owns 6,359,006 shares of the real estate investment trust’s stock valued at $242,980,000 after purchasing an additional 119,090 shares during the period. Institutional investors and hedge funds own 96.15% of the company’s stock.
Douglas Emmett Company Profile
Douglas Emmett, Inc is a self-administered and self-managed real estate investment trust (REIT). The Company is owner and operator of office and multifamily properties located in submarkets in Los Angeles and Honolulu. The Company operates through two segments: the acquisition, development, ownership and management of office real estate (Office Segment), and the acquisition, development, ownership and management of multifamily real estate (Multifamily Segment).
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Douglas Emmett Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Douglas Emmett Inc. and related companies with MarketBeat.com's FREE daily email newsletter.