Wall Street analysts expect Douglas Emmett, Inc. (NYSE:DEI) to report $222.81 million in sales for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for Douglas Emmett’s earnings, with the lowest sales estimate coming in at $220.97 million and the highest estimate coming in at $224.53 million. Douglas Emmett posted sales of $184.62 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 20.7%. The company is scheduled to announce its next quarterly earnings report after the market closes on Thursday, November 1st.

According to Zacks, analysts expect that Douglas Emmett will report full-year sales of $871.68 million for the current year, with estimates ranging from $854.00 million to $881.64 million. For the next financial year, analysts anticipate that the company will post sales of $904.86 million, with estimates ranging from $883.00 million to $920.61 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that cover Douglas Emmett.

Douglas Emmett (NYSE:DEI) last posted its quarterly earnings data on Tuesday, July 31st. The real estate investment trust reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.50 by ($0.31). The firm had revenue of $219.47 million for the quarter, compared to analyst estimates of $215.12 million. Douglas Emmett had a return on equity of 2.96% and a net margin of 13.94%.

Several analysts recently issued reports on the company. Citigroup upped their target price on Douglas Emmett from $38.00 to $39.00 and gave the stock a “neutral” rating in a report on Wednesday, August 8th. Stifel Nicolaus upped their target price on Douglas Emmett from $42.00 to $43.00 and gave the stock a “buy” rating in a report on Thursday, August 2nd. Scotiabank assumed coverage on Douglas Emmett in a report on Tuesday, October 16th. They set an “outperform” rating on the stock. Zacks Investment Research lowered Douglas Emmett from a “buy” rating to a “hold” rating in a report on Friday, October 12th. Finally, Bank of America upped their target price on Douglas Emmett from $42.00 to $44.00 and gave the stock a “buy” rating in a report on Monday, August 13th. One research analyst has rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the company. Douglas Emmett presently has a consensus rating of “Hold” and an average price target of $41.55.

DEI traded down $1.23 on Friday, hitting $35.65. 824,308 shares of the company were exchanged, compared to its average volume of 861,790. Douglas Emmett has a 12 month low of $34.72 and a 12 month high of $41.59. The firm has a market capitalization of $6.06 billion, a PE ratio of 18.10, a PEG ratio of 2.62 and a beta of 0.59. The company has a debt-to-equity ratio of 1.04, a quick ratio of 2.30 and a current ratio of 2.30.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 16th. Shareholders of record on Friday, September 28th were paid a $0.25 dividend. The ex-dividend date of this dividend was Thursday, September 27th. This represents a $1.00 annualized dividend and a yield of 2.81%. Douglas Emmett’s dividend payout ratio is 52.63%.

A number of large investors have recently added to or reduced their stakes in the business. BlackRock Inc. raised its stake in Douglas Emmett by 0.9% in the second quarter. BlackRock Inc. now owns 19,109,240 shares of the real estate investment trust’s stock valued at $767,810,000 after buying an additional 176,454 shares during the period. Cbre Clarion Securities LLC raised its stake in Douglas Emmett by 226.1% in the second quarter. Cbre Clarion Securities LLC now owns 6,615,753 shares of the real estate investment trust’s stock valued at $265,821,000 after buying an additional 4,587,109 shares during the period. Boston Partners raised its stake in Douglas Emmett by 2.6% in the second quarter. Boston Partners now owns 4,450,250 shares of the real estate investment trust’s stock valued at $178,811,000 after buying an additional 112,228 shares during the period. Dimensional Fund Advisors LP raised its stake in Douglas Emmett by 2.2% in the second quarter. Dimensional Fund Advisors LP now owns 2,382,937 shares of the real estate investment trust’s stock valued at $95,743,000 after buying an additional 51,564 shares during the period. Finally, Renaissance Technologies LLC raised its stake in Douglas Emmett by 3.0% in the second quarter. Renaissance Technologies LLC now owns 2,105,800 shares of the real estate investment trust’s stock valued at $84,611,000 after buying an additional 61,600 shares during the period. Hedge funds and other institutional investors own 95.23% of the company’s stock.

Douglas Emmett Company Profile

Douglas Emmett, Inc (DEI) is a fully integrated, self-administered and self-managed real estate investment trust (REIT), and one of the largest owners and operators of high-quality office and multifamily properties located in the premier coastal submarkets of Los Angeles and Honolulu. Douglas Emmett focuses on owning and acquiring a substantial share of top-tier office properties and premier multifamily communities in neighborhoods that possess significant supply constraints, high-end executive housing and key lifestyle amenities.

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Earnings History and Estimates for Douglas Emmett (NYSE:DEI)

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