Douglas Emmett (NYSE:DEI) updated its FY18 earnings guidance on Thursday. The company provided earnings per share guidance of $2.01 to $2.03 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.02.
Several research firms recently issued reports on DEI. Citigroup raised their price objective on shares of Douglas Emmett from $38.00 to $39.00 and gave the stock a neutral rating in a research report on Wednesday, August 8th. Stifel Nicolaus raised their price objective on shares of Douglas Emmett from $42.00 to $43.00 and gave the stock a buy rating in a research report on Thursday, August 2nd. Barclays increased their target price on shares of Douglas Emmett from $38.00 to $39.00 and gave the stock an underweight rating in a research note on Thursday, August 30th. Bank of America increased their target price on shares of Douglas Emmett from $42.00 to $44.00 and gave the stock a buy rating in a research note on Monday, August 13th. Finally, Zacks Investment Research lowered shares of Douglas Emmett from a buy rating to a hold rating in a research note on Wednesday, July 25th. One analyst has rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the company. Douglas Emmett has an average rating of Hold and a consensus target price of $41.55.
Shares of NYSE DEI traded down $0.63 during midday trading on Friday, hitting $35.35. The company’s stock had a trading volume of 989,763 shares, compared to its average volume of 906,793. The company has a debt-to-equity ratio of 1.04, a quick ratio of 2.30 and a current ratio of 2.30. Douglas Emmett has a 1 year low of $34.72 and a 1 year high of $41.59. The firm has a market cap of $6.01 billion, a price-to-earnings ratio of 17.67, a PEG ratio of 2.60 and a beta of 0.58.
Douglas Emmett (NYSE:DEI) last posted its quarterly earnings data on Thursday, November 1st. The real estate investment trust reported $0.18 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.51 by ($0.33). Douglas Emmett had a net margin of 14.32% and a return on equity of 3.06%. The business had revenue of $223.30 million during the quarter, compared to analysts’ expectations of $222.50 million. During the same period in the previous year, the business posted $0.48 EPS. The company’s revenue for the quarter was up 7.0% compared to the same quarter last year. Equities analysts predict that Douglas Emmett will post 2.02 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, October 16th. Investors of record on Friday, September 28th were paid a $0.25 dividend. The ex-dividend date of this dividend was Thursday, September 27th. This represents a $1.00 dividend on an annualized basis and a yield of 2.83%. Douglas Emmett’s dividend payout ratio is currently 52.63%.
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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