$0.49 EPS Expected for Douglas Emmett, Inc. (DEI) This Quarter

Analysts expect Douglas Emmett, Inc. (NYSE:DEI) to announce earnings of $0.49 per share for the current fiscal quarter, according to Zacks Investment Research. Five analysts have issued estimates for Douglas Emmett’s earnings, with the highest EPS estimate coming in at $0.49 and the lowest estimate coming in at $0.47. Douglas Emmett posted earnings per share of $0.47 in the same quarter last year, which indicates a positive year over year growth rate of 4.3%. The company is expected to announce its next earnings results after the market closes on Tuesday, May 8th.

On average, analysts expect that Douglas Emmett will report full year earnings of $1.99 per share for the current year, with EPS estimates ranging from $1.98 to $2.01. For the next financial year, analysts forecast that the business will post earnings of $2.10 per share, with EPS estimates ranging from $2.06 to $2.12. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research analysts that cover Douglas Emmett.

Douglas Emmett (NYSE:DEI) last posted its quarterly earnings results on Tuesday, February 13th. The real estate investment trust reported $0.17 EPS for the quarter, missing the Zacks’ consensus estimate of $0.18 by ($0.01). Douglas Emmett had a net margin of 12.36% and a return on equity of 2.69%. The firm had revenue of $209.19 million for the quarter, compared to the consensus estimate of $202.00 million.

Several brokerages have commented on DEI. JPMorgan Chase decreased their price objective on shares of 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 upgraded shares of Douglas Emmett from a “sell” rating to a “hold” rating in a report on Tuesday, March 20th. Barclays upped their price objective on shares of Douglas Emmett from $37.00 to $38.00 and gave the stock an “underweight” rating in a report on Friday, March 16th. BMO Capital Markets set a $38.00 price objective on shares of Douglas Emmett and gave the stock a “hold” rating in a report on Tuesday, February 27th. Finally, Stifel Nicolaus decreased their price objective on shares of Douglas Emmett from $43.00 to $40.00 and set a “buy” rating for the company in a report on Thursday, February 15th. Two 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’s stock. Douglas Emmett currently has an average rating of “Hold” and a consensus target price of $41.22.

NYSE:DEI opened at $35.81 on Friday. Douglas Emmett has a 52 week low of $34.72 and a 52 week high of $41.59. The company has a debt-to-equity ratio of 1.06, a current ratio of 2.75 and a quick ratio of 2.75. The firm has a market cap of $6,072.16, a P/E ratio of 18.75, a PEG ratio of 2.70 and a beta of 0.66.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 17th. Shareholders of record on Thursday, March 29th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Wednesday, March 28th. This represents a $1.00 annualized dividend and a yield of 2.79%. Douglas Emmett’s dividend payout ratio (DPR) is presently 52.63%.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. BlackRock Inc. grew its position in shares of Douglas Emmett by 6.9% in the 4th quarter. BlackRock Inc. now owns 18,558,202 shares of the real estate investment trust’s stock worth $761,999,000 after buying an additional 1,193,815 shares during the period. Sei Investments Co. grew its position in shares of Douglas Emmett by 0.3% in the 4th quarter. Sei Investments Co. now owns 731,039 shares of the real estate investment trust’s stock worth $30,017,000 after buying an additional 1,850 shares during the period. Swiss National Bank grew its position in shares of Douglas Emmett by 7.3% in the 4th quarter. Swiss National Bank now owns 263,600 shares of the real estate investment trust’s stock worth $10,823,000 after buying an additional 18,000 shares during the period. Deutsche Bank AG grew its position in shares of Douglas Emmett by 46.0% in the 4th quarter. Deutsche Bank AG now owns 4,969,626 shares of the real estate investment trust’s stock worth $204,049,000 after buying an additional 1,566,613 shares during the period. Finally, The Manufacturers Life Insurance Company grew its position in shares of Douglas Emmett by 16.9% in the 4th quarter. The Manufacturers Life Insurance Company now owns 268,754 shares of the real estate investment trust’s stock worth $11,036,000 after buying an additional 38,839 shares during the period. Institutional investors and hedge funds own 98.29% of the company’s stock.

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

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