Douglas Emmett, Inc. (DEI) Expected to Post Earnings of $0.50 Per Share

Wall Street analysts expect that Douglas Emmett, Inc. (NYSE:DEI) will announce $0.50 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Four analysts have provided estimates for Douglas Emmett’s earnings, with the highest EPS estimate coming in at $0.51 and the lowest estimate coming in at $0.49. Douglas Emmett reported earnings per share of $0.47 in the same quarter last year, which would suggest a positive year over year growth rate of 6.4%. The company is expected to announce its next quarterly earnings results on Tuesday, August 7th.

According to Zacks, analysts expect that Douglas Emmett will report full-year earnings of $2.00 per share for the current financial year, with EPS estimates ranging from $1.98 to $2.03. For the next fiscal year, analysts forecast that the firm will post earnings of $2.11 per share, with EPS estimates ranging from $2.08 to $2.14. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Douglas Emmett.

Douglas Emmett (NYSE:DEI) last issued its quarterly earnings data on Tuesday, May 8th. The real estate investment trust reported $0.17 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.17. Douglas Emmett had a net margin of 12.86% and a return on equity of 2.76%. The company had revenue of $212.20 million for the quarter, compared to the consensus estimate of $212.25 million. During the same period last year, the firm posted $0.47 EPS. Douglas Emmett’s revenue for the quarter was up 9.1% on a year-over-year basis.

Several research analysts have issued reports on DEI shares. Zacks Investment Research raised shares of Douglas Emmett from a “sell” rating to a “hold” rating in a research report on Tuesday, March 20th. BMO Capital Markets set a $38.00 price objective on shares of Douglas Emmett and gave the stock a “hold” rating in a research report on Tuesday, February 27th. JPMorgan Chase lowered their price objective on shares of Douglas Emmett from $42.00 to $41.00 and set a “neutral” rating on the stock in a research report on Friday, March 23rd. Stifel Nicolaus lowered their price objective on shares of Douglas Emmett from $43.00 to $40.00 and set a “buy” rating on the stock in a research report on Thursday, February 15th. Finally, Sandler O’Neill reissued a “hold” rating and set a $42.00 price objective on shares of Douglas Emmett in a research report on Tuesday, January 23rd. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the company. Douglas Emmett has a consensus rating of “Hold” and an average price target of $41.11.

Douglas Emmett stock traded down $0.24 during midday trading on Thursday, hitting $36.83. 523,200 shares of the company’s stock were exchanged, compared to its average volume of 853,146. Douglas Emmett has a 12-month low of $37.18 and a 12-month high of $37.56. The company has a debt-to-equity ratio of 1.04, a quick ratio of 2.17 and a current ratio of 2.17. The company has a market capitalization of $6.37 billion, a P/E ratio of 19.38, a PEG ratio of 2.82 and a beta of 0.65.

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 17th. Stockholders of record on Thursday, March 29th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 2.72%. The ex-dividend date was Wednesday, March 28th. Douglas Emmett’s payout ratio is 52.63%.

Several large investors have recently modified their holdings of the company. Legal & General Group Plc boosted its holdings in shares of Douglas Emmett by 11.9% in the first quarter. Legal & General Group Plc now owns 1,070,456 shares of the real estate investment trust’s stock valued at $39,350,000 after acquiring an additional 113,515 shares in the last quarter. Millennium Management LLC boosted its holdings in shares of Douglas Emmett by 39.3% in the first quarter. Millennium Management LLC now owns 1,368,084 shares of the real estate investment trust’s stock valued at $50,291,000 after acquiring an additional 386,068 shares in the last quarter. TLP Group LLC boosted its holdings in shares of Douglas Emmett by 38,558.3% in the first quarter. TLP Group LLC now owns 9,278 shares of the real estate investment trust’s stock valued at $341,000 after acquiring an additional 9,254 shares in the last quarter. Verition Fund Management LLC boosted its holdings in shares of Douglas Emmett by 271.3% in the first quarter. Verition Fund Management LLC now owns 24,263 shares of the real estate investment trust’s stock valued at $892,000 after acquiring an additional 17,728 shares in the last quarter. Finally, Amundi Pioneer Asset Management Inc. boosted its holdings in shares of Douglas Emmett by 27.7% in the first quarter. Amundi Pioneer Asset Management Inc. now owns 237,514 shares of the real estate investment trust’s stock valued at $8,731,000 after acquiring an additional 51,454 shares in the last quarter. 97.70% of the stock is currently owned by institutional investors and hedge funds.

About Douglas Emmett

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

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