Douglas Emmett (DEI) Releases FY19 Earnings Guidance

Douglas Emmett (NYSE:DEI) updated its FY19 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $2.07-2.13 for the period, compared to the Thomson Reuters consensus estimate of $2.10.

DEI has been the subject of several recent analyst reports. Zacks Investment Research downgraded shares of Douglas Emmett from a hold rating to a sell rating in a research note on Thursday, January 31st. Raymond James lowered their price objective on shares of Douglas Emmett from $44.00 to $42.00 and set an outperform rating for the company in a research note on Monday, November 5th. Barclays raised shares of Douglas Emmett from an underweight rating to an equal weight rating and upped their price objective for the company from $37.00 to $39.00 in a research note on Monday, February 4th. Sandler O’Neill raised shares of Douglas Emmett from a hold rating to a buy rating and set a $42.00 price objective for the company in a research note on Thursday, November 15th. Finally, Scotiabank started coverage on shares of Douglas Emmett in a research note on Tuesday, October 16th. They set an outperform rating for the company. Seven equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company has a consensus rating of Hold and a consensus price target of $40.83.

DEI stock traded down $0.01 during trading on Wednesday, reaching $38.16. The company had a trading volume of 14,204 shares, compared to its average volume of 835,942. Douglas Emmett has a 52 week low of $32.32 and a 52 week high of $40.86. The company has a market cap of $6.49 billion, a P/E ratio of 20.08, a PEG ratio of 2.76 and a beta of 0.79. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.96 and a quick ratio of 1.96.

Douglas Emmett (NYSE:DEI) last released its quarterly earnings results on Tuesday, February 12th. The real estate investment trust reported $0.52 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.52. Douglas Emmett had a net margin of 14.32% and a return on equity of 3.06%. The company had revenue of $226.29 million during the quarter, compared to the consensus estimate of $223.46 million. During the same period in the prior year, the firm earned $0.49 earnings per share. Douglas Emmett’s revenue was up 8.2% on a year-over-year basis. On average, equities research analysts expect that Douglas Emmett will post 2.02 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, January 15th. Investors of record on Monday, December 31st were paid a $0.26 dividend. This is an increase from Douglas Emmett’s previous quarterly dividend of $0.25. This represents a $1.04 dividend on an annualized basis and a yield of 2.73%. The ex-dividend date was Friday, December 28th. Douglas Emmett’s dividend payout ratio is presently 54.74%.

In other Douglas Emmett news, Director William E. Simon, Jr. acquired 8,700 shares of the business’s stock in a transaction on Thursday, December 20th. The shares were acquired at an average price of $34.17 per share, for a total transaction of $297,279.00. Following the completion of the acquisition, the director now owns 18,400 shares in the company, valued at $628,728. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. 16.20% of the stock is currently owned by corporate insiders.

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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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