Zacks: Analysts Expect Douglas Emmett, Inc. (DEI) to Announce $0.49 EPS

Equities analysts expect Douglas Emmett, Inc. (NYSE:DEI) to announce earnings per share (EPS) of $0.49 for the current fiscal quarter, according to Zacks. Five analysts have made estimates for Douglas Emmett’s earnings, with the lowest EPS estimate coming in at $0.47 and the highest estimate coming in at $0.49. Douglas Emmett reported earnings of $0.47 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 4.3%. The firm is scheduled 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 year, analysts expect that the business will post earnings of $2.10 per share, with EPS estimates ranging from $2.06 to $2.12. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research analysts that cover Douglas Emmett.

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Douglas Emmett (NYSE:DEI) last released its quarterly earnings data 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). Douglas Emmett had a net margin of 12.36% and a return on equity of 2.69%. The company had revenue of $209.19 million during the quarter, compared to the consensus estimate of $202.00 million.

DEI has been the topic of several analyst reports. Zacks Investment Research upgraded Douglas Emmett from a “sell” rating to a “hold” rating in a research note on Tuesday, March 20th. Robert W. Baird reiterated a “buy” rating and issued a $45.00 price objective on shares of Douglas Emmett in a research note on Tuesday, January 9th. BMO Capital Markets set a $38.00 price objective on Douglas Emmett and gave the company a “hold” rating in a research note on Tuesday, February 27th. JPMorgan Chase lowered their price objective on Douglas Emmett from $42.00 to $41.00 and set a “neutral” rating on the stock in a research note on Friday, March 23rd. Finally, Stifel Nicolaus lowered their price objective on Douglas Emmett from $43.00 to $40.00 and set a “buy” rating on the stock in a research note on Thursday, February 15th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $41.11.

Several institutional investors and hedge funds have recently made changes to their positions in DEI. Tower Research Capital LLC TRC boosted its holdings in shares of Douglas Emmett by 514.2% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,641 shares of the real estate investment trust’s stock worth $108,000 after acquiring an additional 2,211 shares in the last quarter. Advisors Preferred LLC acquired a new position in Douglas Emmett during the 4th quarter worth $165,000. Vident Investment Advisory LLC acquired a new position in Douglas Emmett during the 4th quarter worth $215,000. Lourd Capital LLC acquired a new position in Douglas Emmett during the 4th quarter worth $312,000. Finally, Xact Kapitalforvaltning AB acquired a new position in Douglas Emmett during the 4th quarter worth $368,000. 98.29% of the stock is currently owned by institutional investors and hedge funds.

Shares of DEI stock traded down $0.23 during trading hours on Friday, hitting $36.15. The company had a trading volume of 645,982 shares, compared to its average volume of 864,617. Douglas Emmett has a 12 month low of $34.72 and a 12 month high of $41.59. The firm has a market cap of $6,100.99, a P/E ratio of 18.84, a P/E/G ratio of 2.71 and a beta of 0.66. The company has a current ratio of 2.75, a quick ratio of 2.75 and a debt-to-equity ratio of 1.06.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 17th. Stockholders of record on Thursday, March 29th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 2.77%. The ex-dividend date of this dividend was Wednesday, March 28th. Douglas Emmett’s payout ratio is currently 52.63%.

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

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