Douglas Emmett (DEI) Releases FY18 Earnings Guidance

Douglas Emmett (NYSE:DEI) issued an update on its FY18 earnings guidance on Tuesday morning. The company provided earnings per share guidance of $1.97-2.03 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.99.

Shares of Douglas Emmett (NYSE DEI) opened at $36.13 on Thursday. The firm has a market cap of $6,160.55, a price-to-earnings ratio of 19.03, a price-to-earnings-growth ratio of 2.81 and a beta of 0.64. Douglas Emmett has a twelve month low of $34.72 and a twelve month high of $41.59.

Douglas Emmett (NYSE:DEI) last issued its earnings results on Tuesday, February 13th. The real estate investment trust reported $0.17 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.18 by ($0.01). The business had revenue of $209.19 million for the quarter, compared to analyst estimates of $202.00 million. Douglas Emmett had a return on equity of 2.80% and a net margin of 12.36%. research analysts anticipate that Douglas Emmett will post 2 EPS for the current fiscal year.

DEI has been the topic of a number of research reports. Mizuho reissued a hold rating and set a $41.00 target price on shares of Douglas Emmett in a report on Friday, October 27th. Stifel Nicolaus reissued a buy rating and set a $43.00 target price (up from $42.00) on shares of Douglas Emmett in a report on Thursday, November 9th. Robert W. Baird increased their target price on shares of Douglas Emmett from $45.00 to $47.00 and gave the stock an outperform rating in a report on Friday, November 10th. TheStreet raised shares of Douglas Emmett from a c+ rating to a b- rating in a report on Wednesday, November 15th. Finally, Zacks Investment Research raised shares of Douglas Emmett from a sell rating to a hold rating in a report on Monday, January 8th. Four equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the stock. The stock presently has a consensus rating of Hold and an average price target of $41.44.

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About Douglas Emmett

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).

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

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