Douglas Emmett, Inc. (DEI) Expected to Announce Earnings of $0.49 Per Share

Wall Street brokerages forecast that Douglas Emmett, Inc. (NYSE:DEI) will announce $0.49 earnings per share (EPS) for the current quarter, Zacks reports. Six analysts have provided estimates for Douglas Emmett’s earnings, with estimates ranging from $0.48 to $0.50. Douglas Emmett posted earnings per share of $0.47 during the same quarter last year, which indicates a positive year over year growth rate of 4.3%. The company is scheduled to announce its next earnings results after the market closes on Tuesday, February 13th.

According to Zacks, analysts expect that Douglas Emmett will report full-year earnings of $1.90 per share for the current fiscal year, with EPS estimates ranging from $1.89 to $1.91. For the next financial year, analysts forecast that the business will post earnings of $2.00 per share, with EPS estimates ranging from $1.98 to $2.04. Zacks’ earnings per share averages are an average based on a survey of sell-side analysts that cover Douglas Emmett.

Douglas Emmett (NYSE:DEI) last issued its earnings results on Tuesday, November 7th. The real estate investment trust reported $0.48 earnings per share for the quarter, hitting the consensus estimate of $0.48. The business had revenue of $208.75 million for the quarter, compared to analyst estimates of $203.99 million. Douglas Emmett had a return on equity of 2.58% and a net margin of 11.29%. The business’s quarterly revenue was up 8.7% on a year-over-year basis. During the same period last year, the company posted $0.47 EPS.

DEI has been the topic of several research reports. TheStreet raised Douglas Emmett from a “c+” rating to a “b-” rating in a research report on Wednesday, November 15th. Stifel Nicolaus reiterated a “buy” rating and issued a $43.00 price target (up from $42.00) on shares of Douglas Emmett in a report on Thursday, November 9th. Robert W. Baird reiterated a “buy” rating and issued a $45.00 price target on shares of Douglas Emmett in a report on Tuesday, January 9th. Zacks Investment Research upgraded Douglas Emmett from a “sell” rating to a “hold” rating in a report on Monday, January 8th. Finally, KeyCorp reiterated a “hold” rating on shares of Douglas Emmett in a report on Sunday, September 24th. Four research analysts have rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company’s stock. Douglas Emmett has a consensus rating of “Hold” and a consensus target price of $41.13.

Shares of Douglas Emmett (DEI) traded up $0.10 on Thursday, hitting $38.56. The company had a trading volume of 480,164 shares, compared to its average volume of 670,989. The stock has a market cap of $6,536.88, a price-to-earnings ratio of 20.40, a P/E/G ratio of 3.01 and a beta of 0.71. Douglas Emmett has a twelve month low of $36.60 and a twelve month high of $41.59.

The business also recently declared a quarterly dividend, which was paid on Monday, January 15th. Investors of record on Friday, December 29th were issued a $0.25 dividend. This is an increase from Douglas Emmett’s previous quarterly dividend of $0.23. This represents a $1.00 annualized dividend and a yield of 2.59%. The ex-dividend date of this dividend was Thursday, December 28th. Douglas Emmett’s dividend payout ratio is currently 188.68%.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. State of Alaska Department of Revenue increased its holdings in Douglas Emmett by 24.9% in the 4th quarter. State of Alaska Department of Revenue now owns 97,660 shares of the real estate investment trust’s stock valued at $4,008,000 after purchasing an additional 19,460 shares in the last quarter. Schwab Charles Investment Management Inc. grew its stake in shares of Douglas Emmett by 8.3% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 1,579,622 shares of the real estate investment trust’s stock valued at $64,860,000 after acquiring an additional 121,488 shares in the last quarter. AXA grew its stake in shares of Douglas Emmett by 441.6% during the third quarter. AXA now owns 221,942 shares of the real estate investment trust’s stock valued at $8,749,000 after acquiring an additional 180,963 shares in the last quarter. New Mexico Educational Retirement Board grew its stake in shares of Douglas Emmett by 6.7% during the third quarter. New Mexico Educational Retirement Board now owns 22,353 shares of the real estate investment trust’s stock valued at $881,000 after acquiring an additional 1,400 shares in the last quarter. Finally, Public Employees Retirement System of Ohio grew its stake in shares of Douglas Emmett by 3.6% during the third quarter. Public Employees Retirement System of Ohio now owns 237,229 shares of the real estate investment trust’s stock valued at $9,352,000 after acquiring an additional 8,188 shares in the last quarter. Hedge funds and other institutional investors own 96.50% of the company’s stock.

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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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Earnings History and Estimates for Douglas Emmett (NYSE:DEI)

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