Douglas Emmett, Inc. (NYSE:DEI) – Stock analysts at KeyCorp decreased their FY2019 earnings estimates for Douglas Emmett in a research report issued to clients and investors on Monday, October 7th. KeyCorp analyst C. Mailman now anticipates that the real estate investment trust will earn $2.09 per share for the year, down from their prior estimate of $2.10. KeyCorp also issued estimates for Douglas Emmett’s FY2020 earnings at $2.24 EPS.
Douglas Emmett (NYSE:DEI) last announced its earnings results on Monday, August 5th. The real estate investment trust reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.01. Douglas Emmett had a net margin of 13.54% and a return on equity of 3.05%. The company had revenue of $230.50 million for the quarter, compared to the consensus estimate of $226.45 million. During the same period in the previous year, the business earned $0.51 EPS. The company’s revenue was up 5.0% on a year-over-year basis.
Shares of NYSE:DEI opened at $42.37 on Thursday. The company’s fifty day moving average is $42.21 and its two-hundred day moving average is $41.22. The company has a quick ratio of 3.74, a current ratio of 3.74 and a debt-to-equity ratio of 1.07. Douglas Emmett has a 12-month low of $32.32 and a 12-month high of $43.13. The company has a market cap of $7.39 billion, a P/E ratio of 20.98, a price-to-earnings-growth ratio of 3.31 and a beta of 0.67.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 16th. Stockholders of record on Monday, September 30th will be issued a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 2.45%. The ex-dividend date of this dividend is Friday, September 27th. Douglas Emmett’s dividend payout ratio is currently 51.49%.
Several institutional investors have recently bought and sold shares of the company. Zimmer Partners LP grew its holdings in shares of Douglas Emmett by 459.7% during the 2nd quarter. Zimmer Partners LP now owns 6,507,082 shares of the real estate investment trust’s stock valued at $259,242,000 after acquiring an additional 5,344,582 shares in the last quarter. Renaissance Technologies LLC grew its holdings in shares of Douglas Emmett by 17.3% during the 2nd quarter. Renaissance Technologies LLC now owns 4,798,800 shares of the real estate investment trust’s stock valued at $191,184,000 after acquiring an additional 706,200 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Douglas Emmett by 45.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 2,915,912 shares of the real estate investment trust’s stock valued at $116,170,000 after acquiring an additional 904,350 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Douglas Emmett by 2.0% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 2,369,378 shares of the real estate investment trust’s stock valued at $94,397,000 after acquiring an additional 45,407 shares in the last quarter. Finally, Northern Trust Corp grew its holdings in shares of Douglas Emmett by 0.3% during the 2nd quarter. Northern Trust Corp now owns 1,855,692 shares of the real estate investment trust’s stock valued at $73,932,000 after acquiring an additional 6,166 shares in the last quarter. Institutional investors and hedge funds own 92.42% 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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