$0.53 EPS Expected for Douglas Emmett, Inc. (NYSE:DEI) This Quarter
Wall Street analysts expect Douglas Emmett, Inc. (NYSE:DEI) to announce $0.53 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for Douglas Emmett’s earnings, with estimates ranging from $0.52 to $0.54. Douglas Emmett reported earnings per share of $0.51 in the same quarter last year, which would suggest a positive year-over-year growth rate of 3.9%. The company is scheduled to announce its next quarterly earnings report on Tuesday, July 30th.
On average, analysts expect that Douglas Emmett will report full year earnings of $2.11 per share for the current year, with EPS estimates ranging from $2.10 to $2.13. For the next fiscal year, analysts anticipate that the firm will report earnings of $2.20 per share, with EPS estimates ranging from $2.17 to $2.23. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side analysts that cover Douglas Emmett.
Douglas Emmett (NYSE:DEI) last issued its quarterly earnings results on Thursday, May 2nd. The real estate investment trust reported $0.52 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.52. Douglas Emmett had a return on equity of 3.01% and a net margin of 13.45%. The firm had revenue of $224.19 million during the quarter, compared to the consensus estimate of $227.52 million. During the same period last year, the business posted $0.49 EPS. The business’s revenue was up 5.6% compared to the same quarter last year.
Shares of NYSE DEI opened at $40.90 on Friday. Douglas Emmett has a fifty-two week low of $32.32 and a fifty-two week high of $41.86. The stock has a market capitalization of $7.02 billion, a P/E ratio of 20.01, a price-to-earnings-growth ratio of 3.71 and a beta of 0.74. The company has a current ratio of 2.00, a quick ratio of 2.00 and a debt-to-equity ratio of 1.09.
The firm also recently declared a quarterly dividend, which will be paid on Friday, July 12th. Investors of record on Friday, June 28th will be given a $0.26 dividend. The ex-dividend date of this dividend is Thursday, June 27th. This represents a $1.04 annualized dividend and a yield of 2.54%. Douglas Emmett’s payout ratio is 51.49%.
In related news, Chairman Dan A. Emmett sold 40,000 shares of the firm’s stock in a transaction dated Wednesday, May 8th. The shares were sold at an average price of $40.78, for a total value of $1,631,200.00. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 16.20% of the stock is currently owned by company insiders.
A number of large investors have recently bought and sold shares of the business. Nordea Investment Management AB increased its stake in Douglas Emmett by 1.5% in the 1st quarter. Nordea Investment Management AB now owns 129,103 shares of the real estate investment trust’s stock valued at $5,219,000 after buying an additional 1,860 shares during the last quarter. Zimmer Partners LP increased its stake in Douglas Emmett by 2,013.6% in the 1st quarter. Zimmer Partners LP now owns 1,162,500 shares of the real estate investment trust’s stock valued at $46,988,000 after buying an additional 1,107,500 shares during the last quarter. Macquarie Group Ltd. increased its stake in Douglas Emmett by 3.7% in the 1st quarter. Macquarie Group Ltd. now owns 75,800 shares of the real estate investment trust’s stock valued at $3,064,000 after buying an additional 2,675 shares during the last quarter. SEI Investments Co increased its stake in Douglas Emmett by 35.2% in the 1st quarter. SEI Investments Co now owns 579,684 shares of the real estate investment trust’s stock valued at $23,429,000 after buying an additional 151,081 shares during the last quarter. Finally, Goldman Sachs Group Inc. increased its stake in Douglas Emmett by 10.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,025,231 shares of the real estate investment trust’s stock valued at $41,440,000 after buying an additional 95,986 shares during the last quarter. Hedge funds and other institutional investors own 92.18% 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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