Equities research analysts expect that Douglas Emmett, Inc. (NYSE:DEI) will announce earnings of $0.49 per share for the current quarter, Zacks Investment Research reports. Five analysts have issued estimates for Douglas Emmett’s earnings, with estimates ranging from $0.47 to $0.49. Douglas Emmett reported earnings per share of $0.47 in the same quarter last year, which would indicate a positive year over year growth rate of 4.3%. The company is expected to issue its next earnings report after the market closes on Tuesday, May 8th.
According to Zacks, analysts expect that Douglas Emmett will report full year earnings of $1.99 per share for the current financial year, with EPS estimates ranging from $1.98 to $2.01. For the next financial year, analysts anticipate that the company will report earnings of $2.10 per share, with EPS estimates ranging from $2.06 to $2.12. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side analysts that follow Douglas Emmett.
Douglas Emmett (NYSE:DEI) last announced its earnings results on Tuesday, February 13th. The real estate investment trust reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.01). The company had revenue of $209.19 million during the quarter, compared to analysts’ expectations of $202.00 million. Douglas Emmett had a net margin of 12.36% and a return on equity of 2.69%.
Several research firms have recently commented on DEI. JPMorgan Chase reduced their price target on Douglas Emmett from $42.00 to $41.00 and set a “neutral” rating for the company in a report on Friday, March 23rd. Zacks Investment Research raised Douglas Emmett from a “sell” rating to a “hold” rating in a report on Tuesday, March 20th. Barclays raised their price target on Douglas Emmett from $37.00 to $38.00 and gave the company an “underweight” rating in a report on Friday, March 16th. BMO Capital Markets set a $38.00 price target on Douglas Emmett and gave the company a “hold” rating in a report on Tuesday, February 27th. Finally, Stifel Nicolaus reduced their price target on Douglas Emmett from $43.00 to $40.00 and set a “buy” rating for the company in a report on Thursday, February 15th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $41.22.
DEI opened at $35.81 on Friday. The company has a quick ratio of 2.75, a current ratio of 2.75 and a debt-to-equity ratio of 1.06. The company has a market capitalization of $6,072.16, a PE ratio of 18.75, a price-to-earnings-growth ratio of 2.70 and a beta of 0.66. Douglas Emmett has a 12 month low of $34.72 and a 12 month high of $41.59.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 17th. Investors of record on Thursday, March 29th will be issued a dividend of $0.25 per share. The ex-dividend date is Wednesday, March 28th. This represents a $1.00 annualized dividend and a yield of 2.79%. Douglas Emmett’s dividend payout ratio is presently 52.63%.
A number of hedge funds have recently modified their holdings of the stock. New Mexico Educational Retirement Board raised its holdings in Douglas Emmett by 6.7% during the third quarter. New Mexico Educational Retirement Board now owns 22,353 shares of the real estate investment trust’s stock worth $881,000 after purchasing an additional 1,400 shares during the last quarter. Public Employees Retirement Association of Colorado raised its holdings in Douglas Emmett by 4.2% during the fourth quarter. Public Employees Retirement Association of Colorado now owns 36,347 shares of the real estate investment trust’s stock worth $1,492,000 after purchasing an additional 1,455 shares during the last quarter. Sumitomo Mitsui Asset Management Company LTD raised its holdings in Douglas Emmett by 18.7% during the fourth quarter. Sumitomo Mitsui Asset Management Company LTD now owns 9,421 shares of the real estate investment trust’s stock worth $386,000 after purchasing an additional 1,482 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its holdings in Douglas Emmett by 6.9% during the fourth quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 23,210 shares of the real estate investment trust’s stock worth $944,000 after purchasing an additional 1,489 shares during the last quarter. Finally, Cornerstone Capital Management Holdings LLC. raised its holdings in Douglas Emmett by 2.3% during the third quarter. Cornerstone Capital Management Holdings LLC. now owns 71,432 shares of the real estate investment trust’s stock worth $2,815,000 after purchasing an additional 1,594 shares during the last quarter. 98.29% of the stock is owned by hedge funds and other institutional investors.
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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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