Douglas Emmett, Inc. (NYSE:DEI) – Equities researchers at DA Davidson dropped their Q2 2018 earnings per share (EPS) estimates for shares of Douglas Emmett in a research report issued to clients and investors on Wednesday. DA Davidson analyst B. Oxford now expects that the real estate investment trust will earn $0.49 per share for the quarter, down from their prior forecast of $0.50. DA Davidson also issued estimates for Douglas Emmett’s Q4 2018 earnings at $0.50 EPS and FY2018 earnings at $1.99 EPS.
Douglas Emmett (NYSE:DEI) last posted its quarterly earnings data on Tuesday, February 13th. The real estate investment trust reported $0.17 earnings per share for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.01). Douglas Emmett had a net margin of 12.36% and a return on equity of 2.69%. The firm had revenue of $209.19 million during the quarter, compared to analyst estimates of $202.00 million.
Several other equities analysts have also commented on DEI. Stifel Nicolaus dropped their price target on shares of Douglas Emmett from $43.00 to $40.00 and set a “buy” rating for the company in a research report on Thursday. Barclays upped their price target on shares of Douglas Emmett from $36.00 to $37.00 and gave the stock an “underweight” rating in a research report on Tuesday, January 30th. BMO Capital Markets set a $39.00 price target on shares of Douglas Emmett and gave the stock a “hold” rating in a research report on Tuesday. Sandler O’Neill reaffirmed a “hold” rating and set a $42.00 price target on shares of Douglas Emmett in a research report on Tuesday, January 23rd. Finally, Zacks Investment Research lowered shares of Douglas Emmett from a “hold” rating to a “sell” rating in a research report on Tuesday, January 16th. Four investment analysts have rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the company. The company has an average rating of “Hold” and an average price target of $41.11.
Douglas Emmett (NYSE:DEI) opened at $36.53 on Thursday. Douglas Emmett has a 52-week low of $34.72 and a 52-week high of $41.59. The company has a market cap of $6,172.42, a P/E ratio of 64.09, a P/E/G ratio of 2.82 and a beta of 0.64.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Tower Research Capital LLC TRC grew its stake in Douglas Emmett by 514.2% during the fourth quarter. Tower Research Capital LLC TRC now owns 2,641 shares of the real estate investment trust’s stock worth $108,000 after buying an additional 2,211 shares during the period. Advisors Preferred LLC purchased a new stake in Douglas Emmett during the fourth quarter worth approximately $165,000. Advisor Group Inc. grew its stake in Douglas Emmett by 451.6% during the third quarter. Advisor Group Inc. now owns 4,065 shares of the real estate investment trust’s stock worth $160,000 after buying an additional 3,328 shares during the period. PNC Financial Services Group Inc. grew its stake in Douglas Emmett by 14.4% during the second quarter. PNC Financial Services Group Inc. now owns 4,120 shares of the real estate investment trust’s stock worth $158,000 after buying an additional 520 shares during the period. Finally, CIBC Asset Management Inc purchased a new stake in Douglas Emmett during the third quarter worth approximately $206,000. Institutional investors own 96.41% of the company’s stock.
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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).
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