Brokerages expect that Douglas Emmett, Inc. (NYSE:DEI) will report earnings of $0.48 per share for the current quarter, according to Zacks Investment Research. Five analysts have made estimates for Douglas Emmett’s earnings, with the highest EPS estimate coming in at $0.48 and the lowest estimate coming in at $0.47. Douglas Emmett posted earnings per share of $0.46 in the same quarter last year, which suggests a positive year-over-year growth rate of 4.3%. The company is scheduled to report its next earnings results after the market closes on Tuesday, August 1st.
According to Zacks, analysts expect that Douglas Emmett will report full year earnings of $1.92 per share for the current year, with EPS estimates ranging from $1.90 to $1.94. For the next year, analysts expect that the firm will report earnings of $2.04 per share, with EPS estimates ranging from $2.01 to $2.07. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Douglas Emmett.
Douglas Emmett (NYSE:DEI) last released its quarterly earnings results on Tuesday, May 2nd. The real estate investment trust reported $0.47 earnings per share for the quarter, meeting the consensus estimate of $0.47. Douglas Emmett had a return on equity of 3.06% and a net margin of 11.97%. The firm had revenue of $170.35 million for the quarter, compared to analysts’ expectations of $191.93 million.
Several equities analysts have recently commented on DEI shares. BMO Capital Markets restated a “hold” rating and issued a $39.00 price objective on shares of Douglas Emmett in a research report on Tuesday, July 4th. J P Morgan Chase & Co boosted their target price on Douglas Emmett from $38.00 to $40.00 and gave the stock a “neutral” rating in a research report on Monday, April 3rd. BidaskClub downgraded Douglas Emmett from a “hold” rating to a “sell” rating in a research report on Saturday, June 24th. DA Davidson downgraded Douglas Emmett from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $45.00 to $43.00 in a research report on Thursday, May 18th. Finally, Zacks Investment Research downgraded Douglas Emmett from a “buy” rating to a “hold” rating in a research report on Monday, May 8th. Four investment analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company’s stock. Douglas Emmett presently has a consensus rating of “Hold” and an average target price of $39.33.
In other Douglas Emmett news, Chairman Dan A. Emmett sold 100,000 shares of the business’s stock in a transaction that occurred on Friday, May 19th. The stock was sold at an average price of $37.93, for a total transaction of $3,793,000.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders have sold 300,000 shares of company stock worth $11,609,000 over the last three months. 23.00% of the stock is currently owned by insiders.
A number of large investors have recently modified their holdings of DEI. PNC Financial Services Group Inc. boosted its stake in shares of Douglas Emmett by 9.1% in the first quarter. PNC Financial Services Group Inc. now owns 3,600 shares of the real estate investment trust’s stock valued at $139,000 after buying an additional 299 shares during the last quarter. Envestnet Asset Management Inc. bought a new stake in shares of Douglas Emmett during the fourth quarter valued at $149,000. Tyers Asset Management LLC boosted its stake in shares of Douglas Emmett by 23.5% in the first quarter. Tyers Asset Management LLC now owns 5,376 shares of the real estate investment trust’s stock valued at $206,000 after buying an additional 1,024 shares during the last quarter. A.R.T. Advisors LLC bought a new stake in shares of Douglas Emmett during the fourth quarter valued at $204,000. Finally, Clinton Group Inc. bought a new stake in shares of Douglas Emmett during the first quarter valued at $222,000. 97.15% of the stock is currently owned by institutional investors.
Douglas Emmett (DEI) traded up 0.63% during mid-day trading on Monday, hitting $38.04. The company’s stock had a trading volume of 569,502 shares. Douglas Emmett has a 52-week low of $33.78 and a 52-week high of $40.79. The company’s 50 day moving average is $38.47 and its 200-day moving average is $38.27. The stock has a market cap of $5.88 billion, a P/E ratio of 66.16 and a beta of 0.69.
The company also recently announced a quarterly dividend, which was paid on Friday, July 14th. Investors of record on Friday, June 30th were given a $0.23 dividend. The ex-dividend date was Wednesday, June 28th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.42%. Douglas Emmett’s dividend payout ratio is currently 158.62%.
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Douglas Emmett Company Profile
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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