Brokerages predict that Douglas Emmett, Inc. (NYSE:DEI) will report earnings per share of $0.53 for the current fiscal quarter, Zacks reports. Four analysts have issued estimates for Douglas Emmett’s earnings. The highest EPS estimate is $0.54 and the lowest is $0.52. Douglas Emmett reported earnings per share of $0.51 in the same quarter last year, which would suggest a positive year-over-year growth rate of 3.9%. The firm is expected to announce its next quarterly earnings results on Tuesday, July 30th.
According to Zacks, analysts expect that Douglas Emmett will report full-year earnings of $2.11 per share for the current financial year, with EPS estimates ranging from $2.10 to $2.13. For the next year, analysts forecast that the business will report earnings of $2.20 per share, with EPS estimates ranging from $2.17 to $2.23. Zacks Investment Research’s earnings per share averages are an average based on a survey of research analysts that that provide coverage for Douglas Emmett.
Douglas Emmett (NYSE:DEI) last issued its earnings results on Thursday, May 2nd. The real estate investment trust reported $0.52 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.52. Douglas Emmett had a net margin of 13.45% and a return on equity of 3.01%. The company had revenue of $224.19 million for the quarter, compared to analysts’ expectations of $227.52 million. During the same quarter last year, the company posted $0.49 earnings per share. The firm’s quarterly revenue was up 5.6% on a year-over-year basis.
DEI stock traded down $0.27 on Friday, hitting $41.29. The company had a trading volume of 669,177 shares, compared to its average volume of 985,000. Douglas Emmett has a 12-month low of $32.32 and a 12-month high of $41.86. The company has a current ratio of 2.00, a quick ratio of 2.00 and a debt-to-equity ratio of 1.09. The stock has a market capitalization of $7.03 billion, a P/E ratio of 20.44, a P/E/G ratio of 3.74 and a beta of 0.74.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 12th. Stockholders of record on Friday, June 28th will be given a dividend of $0.26 per share. The ex-dividend date of this dividend is Thursday, June 27th. This represents a $1.04 annualized dividend and a dividend yield of 2.52%. Douglas Emmett’s payout ratio is 51.49%.
In other news, Chairman Dan A. Emmett sold 40,000 shares of the firm’s stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $40.78, for a total transaction of $1,631,200.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 16.20% of the stock is owned by company insiders.
Several hedge funds have recently made changes to their positions in DEI. Vanguard Group Inc raised its position in shares of Douglas Emmett by 1.6% during the 3rd quarter. Vanguard Group Inc now owns 23,659,581 shares of the real estate investment trust’s stock valued at $892,439,000 after purchasing an additional 368,007 shares during the period. Oppenheimer Asset Management Inc. raised its position in shares of Douglas Emmett by 10.9% during the 4th quarter. Oppenheimer Asset Management Inc. now owns 19,790 shares of the real estate investment trust’s stock valued at $675,000 after purchasing an additional 1,953 shares during the period. Xact Kapitalforvaltning AB increased its holdings in Douglas Emmett by 21.6% in the 4th quarter. Xact Kapitalforvaltning AB now owns 22,560 shares of the real estate investment trust’s stock valued at $770,000 after acquiring an additional 4,000 shares during the last quarter. Rhumbline Advisers increased its holdings in Douglas Emmett by 38.9% in the 4th quarter. Rhumbline Advisers now owns 453,078 shares of the real estate investment trust’s stock valued at $15,464,000 after acquiring an additional 126,829 shares during the last quarter. Finally, Dupont Capital Management Corp increased its holdings in Douglas Emmett by 38.6% in the 4th quarter. Dupont Capital Management Corp now owns 57,886 shares of the real estate investment trust’s stock valued at $1,976,000 after acquiring an additional 16,129 shares during the last quarter. Hedge funds and other institutional investors own 92.18% of the company’s stock.
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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