Douglas Emmett (NYSE:DEI) posted its earnings results on Tuesday. The real estate investment trust reported $0.17 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.01), Yahoo Finance reports. The firm had revenue of $209.19 million during the quarter, compared to the consensus estimate of $202.00 million. Douglas Emmett had a net margin of 12.36% and a return on equity of 2.80%. Douglas Emmett updated its FY18 guidance to $1.97-2.03 EPS.
Douglas Emmett (NYSE DEI) opened at $36.13 on Thursday. Douglas Emmett has a 1 year low of $34.72 and a 1 year high of $41.59. The stock has a market capitalization of $6,160.55, a PE ratio of 19.03, a PEG ratio of 2.81 and a beta of 0.64.
Several equities analysts have commented on the company. BMO Capital Markets set a $39.00 target price on Douglas Emmett and gave the company a “hold” rating in a research report on Tuesday. Barclays increased their target price on Douglas Emmett from $36.00 to $37.00 and gave the company an “underweight” rating in a research report on Tuesday, January 30th. Robert W. Baird increased their target price on Douglas Emmett from $45.00 to $47.00 and gave the company an “outperform” rating in a research report on Friday, November 10th. Zacks Investment Research downgraded Douglas Emmett from a “hold” rating to a “sell” rating in a research report on Tuesday, January 16th. Finally, Mizuho reiterated a “hold” rating and issued a $41.00 target price on shares of Douglas Emmett in a research report on Friday, October 27th. Four analysts have rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $41.44.
Douglas Emmett, Inc is a self-administered and self-managed real estate investment trust (REIT). The Company is owner and operator of office and multifamily properties located in submarkets in Los Angeles and Honolulu. The Company operates through two segments: the acquisition, development, ownership and management of office real estate (Office Segment), and the acquisition, development, ownership and management of multifamily real estate (Multifamily Segment).
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