Equities analysts predict that Douglas Emmett, Inc. (NYSE:DEI) will announce earnings per share (EPS) of $0.51 for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for Douglas Emmett’s earnings, with the lowest EPS estimate coming in at $0.50 and the highest estimate coming in at $0.51. Douglas Emmett reported earnings per share of $0.48 in the same quarter last year, which would indicate a positive year over year growth rate of 6.3%. The business is expected to report its next earnings report on Tuesday, November 6th.
According to Zacks, analysts expect that Douglas Emmett will report full-year earnings of $2.02 per share for the current year, with EPS estimates ranging from $2.00 to $2.03. For the next fiscal year, analysts anticipate that the company will report earnings of $2.13 per share, with EPS estimates ranging from $2.09 to $2.17. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that that provide coverage for Douglas Emmett.
Douglas Emmett (NYSE:DEI) last announced its quarterly earnings data on Tuesday, July 31st. The real estate investment trust reported $0.19 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.50 by ($0.31). Douglas Emmett had a net margin of 13.94% and a return on equity of 2.96%. The company had revenue of $219.47 million for the quarter, compared to the consensus estimate of $215.12 million.
DEI has been the topic of a number of recent research reports. Barclays raised their price objective on Douglas Emmett from $38.00 to $39.00 and gave the company an “underweight” rating in a research note on Thursday, August 30th. Bank of America raised their price objective on Douglas Emmett from $42.00 to $44.00 and gave the company a “buy” rating in a research note on Monday, August 13th. Stifel Nicolaus raised their price objective on Douglas Emmett from $42.00 to $43.00 and gave the company a “buy” rating in a research note on Thursday, August 2nd. Citigroup raised their price objective on Douglas Emmett from $38.00 to $39.00 and gave the company a “neutral” rating in a research note on Wednesday, August 8th. Finally, Zacks Investment Research cut Douglas Emmett from a “buy” rating to a “hold” rating in a research note on Wednesday, July 25th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $41.65.
Shares of NYSE:DEI opened at $38.94 on Friday. Douglas Emmett has a 12-month low of $34.72 and a 12-month high of $41.59. The stock has a market cap of $6.56 billion, a PE ratio of 19.58, a P/E/G ratio of 2.84 and a beta of 0.59. The company has a current ratio of 2.30, a quick ratio of 2.30 and a debt-to-equity ratio of 1.04.
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. BlackRock Inc. grew its stake in shares of 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 worth $767,810,000 after purchasing an additional 176,454 shares during the last quarter. Cbre Clarion Securities LLC grew its stake in shares of 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 worth $265,821,000 after purchasing an additional 4,587,109 shares during the last quarter. Boston Partners grew its stake in shares of 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 worth $178,811,000 after purchasing an additional 112,228 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of 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 worth $95,743,000 after purchasing an additional 51,564 shares during the last quarter. Finally, Resolution Capital Ltd grew its stake in shares of Douglas Emmett by 8.6% in the first quarter. Resolution Capital Ltd now owns 2,322,571 shares of the real estate investment trust’s stock worth $85,378,000 after purchasing an additional 183,628 shares during the last quarter. 95.36% of the stock is currently owned by institutional investors.
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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