Equities research analysts expect Douglas Emmett, Inc. (NYSE:DEI) to post $207.64 million in sales for the current fiscal quarter, according to Zacks. Five analysts have provided estimates for Douglas Emmett’s earnings, with estimates ranging from $187.24 million to $214.20 million. Douglas Emmett posted sales of $170.35 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 21.9%. The firm is expected to announce its next quarterly earnings report after the market closes on Tuesday, May 8th.
According to Zacks, analysts expect that Douglas Emmett will report full-year sales of $844.86 million for the current financial year, with estimates ranging from $762.61 million to $889.10 million. For the next financial year, analysts forecast that the firm will post sales of $880.71 million per share, with estimates ranging from $781.42 million to $939.30 million. Zacks’ sales averages are an average based on a survey of sell-side analysts that that provide coverage for Douglas Emmett.
Douglas Emmett (NYSE:DEI) last issued its quarterly earnings data on Tuesday, February 13th. The real estate investment trust reported $0.17 EPS for the quarter, missing the Zacks’ consensus estimate of $0.18 by ($0.01). The company had revenue of $209.19 million for the quarter, compared to analyst estimates of $202.00 million. Douglas Emmett had a return on equity of 2.69% and a net margin of 12.36%.
A number of research analysts have commented on the company. BMO Capital Markets set a $39.00 price objective on Douglas Emmett and gave the stock a “hold” rating in a research note on Tuesday, February 13th. Barclays boosted their price target on Douglas Emmett from $36.00 to $37.00 and gave the stock an “underweight” rating in a research note on Tuesday, January 30th. Zacks Investment Research upgraded Douglas Emmett from a “sell” rating to a “hold” rating in a research note on Tuesday, March 20th. Stifel Nicolaus cut their price target on Douglas Emmett from $43.00 to $40.00 and set a “buy” rating on the stock in a research note on Thursday, February 15th. Finally, JPMorgan Chase cut their price target on Douglas Emmett from $42.00 to $41.00 and set a “neutral” rating on the stock in a research note on Friday, March 23rd. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $41.11.
Several large investors have recently added to or reduced their stakes in the stock. Public Employees Retirement Association of Colorado lifted its stake in shares of Douglas Emmett by 4.2% in the fourth quarter. Public Employees Retirement Association of Colorado now owns 36,347 shares of the real estate investment trust’s stock worth $1,492,000 after acquiring an additional 1,455 shares in the last quarter. Sumitomo Mitsui Asset Management Company LTD raised its stake in Douglas Emmett by 18.7% during the fourth quarter. Sumitomo Mitsui Asset Management Company LTD now owns 9,421 shares of the real estate investment trust’s stock valued at $386,000 after buying an additional 1,482 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its stake in Douglas Emmett by 6.9% during the fourth quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 23,210 shares of the real estate investment trust’s stock valued at $944,000 after buying an additional 1,489 shares in the last quarter. Cornerstone Capital Management Holdings LLC. raised its stake in Douglas Emmett by 2.3% during the third quarter. Cornerstone Capital Management Holdings LLC. now owns 71,432 shares of the real estate investment trust’s stock valued at $2,815,000 after buying an additional 1,594 shares in the last quarter. Finally, Sei Investments Co. raised its stake in Douglas Emmett by 0.3% during the fourth quarter. Sei Investments Co. now owns 731,039 shares of the real estate investment trust’s stock valued at $30,017,000 after buying an additional 1,850 shares in the last quarter. Institutional investors and hedge funds own 98.29% of the company’s stock.
Shares of DEI traded up $0.33 during midday trading on Friday, reaching $36.14. 1,423,965 shares of the company were exchanged, compared to its average volume of 868,401. The stock has a market cap of $6,141.91, a PE ratio of 19.02, a P/E/G ratio of 2.73 and a beta of 0.66. Douglas Emmett has a 1-year low of $34.72 and a 1-year high of $41.59. The company has a debt-to-equity ratio of 1.06, a current ratio of 2.75 and a quick ratio of 2.75.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 17th. Investors of record on Thursday, March 29th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 2.77%. The ex-dividend date of this dividend was Wednesday, March 28th. Douglas Emmett’s dividend payout ratio (DPR) is 52.63%.
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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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