Equities research analysts expect Douglas Emmett, Inc. (NYSE:DEI) to announce earnings per share (EPS) of $0.49 for the current quarter, Zacks reports. Four analysts have provided estimates for Douglas Emmett’s earnings, with estimates ranging from $0.48 to $0.49. Douglas Emmett reported earnings of $0.47 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 4.3%. The business is scheduled to announce its next earnings results on Tuesday, May 1st.
According to Zacks, analysts expect that Douglas Emmett will report full year earnings of $1.99 per share for the current financial year, with EPS estimates ranging from $1.98 to $2.01. For the next financial year, analysts forecast that the business will report earnings of $2.10 per share, with EPS estimates ranging from $2.06 to $2.13. Zacks’ EPS averages are a mean average based on a survey of analysts that cover Douglas Emmett.
Douglas Emmett (NYSE:DEI) last posted its earnings results on Tuesday, February 13th. The real estate investment trust reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.01). Douglas Emmett had a return on equity of 2.69% and a net margin of 12.36%. The firm had revenue of $209.19 million for the quarter, compared to analysts’ expectations of $202.00 million.
DEI has been the topic of several recent analyst reports. TheStreet raised shares of Douglas Emmett from a “c+” rating to a “b-” rating in a research note on Wednesday, November 15th. Zacks Investment Research raised shares of Douglas Emmett from a “sell” rating to a “hold” rating in a research note on Monday, January 8th. Robert W. Baird reissued a “buy” rating and set a $45.00 target price on shares of Douglas Emmett in a research note on Tuesday, January 9th. Sandler O’Neill reissued a “hold” rating and set a $42.00 target price on shares of Douglas Emmett in a research note on Tuesday, January 23rd. Finally, Barclays increased their target price on shares of Douglas Emmett from $36.00 to $37.00 and gave the stock an “underweight” rating in a research note on Tuesday, January 30th. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $41.00.
A number of institutional investors have recently modified their holdings of the stock. Xact Kapitalforvaltning AB purchased a new position in Douglas Emmett in the 4th quarter worth approximately $368,000. William Blair Investment Management LLC lifted its stake in Douglas Emmett by 13.2% in the 4th quarter. William Blair Investment Management LLC now owns 83,822 shares of the real estate investment trust’s stock worth $3,442,000 after purchasing an additional 9,801 shares in the last quarter. MetLife Investment Advisors LLC purchased a new position in Douglas Emmett in the 4th quarter worth approximately $4,140,000. Vident Investment Advisory LLC purchased a new position in Douglas Emmett in the 4th quarter worth approximately $215,000. Finally, Hoylecohen LLC purchased a new position in Douglas Emmett in the 4th quarter worth approximately $1,373,000. 98.29% of the stock is currently owned by hedge funds and other institutional investors.
Douglas Emmett (NYSE DEI) traded down $0.07 during mid-day trading on Friday, hitting $37.32. 645,157 shares of the stock traded hands, compared to its average volume of 884,868. Douglas Emmett has a twelve month low of $34.72 and a twelve month high of $41.59. The stock has a market cap of $6,326.51, a price-to-earnings ratio of 65.47, a P/E/G ratio of 2.81 and a beta of 0.70.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 17th. Investors of record on Thursday, March 29th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 2.68%. The ex-dividend date of this dividend is Wednesday, March 28th. Douglas Emmett’s dividend payout ratio is presently 175.44%.
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About Douglas Emmett
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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