Wall Street analysts expect that Douglas Emmett, Inc. (NYSE:DEI) will announce $226.22 million in sales for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for Douglas Emmett’s earnings. The highest sales estimate is $227.89 million and the lowest is $222.53 million. Douglas Emmett reported sales of $219.47 million in the same quarter last year, which indicates a positive year-over-year growth rate of 3.1%. The business is expected to announce its next quarterly earnings report on Tuesday, July 30th.
According to Zacks, analysts expect that Douglas Emmett will report full year sales of $911.75 million for the current financial year, with estimates ranging from $905.51 million to $919.03 million. For the next financial year, analysts expect that the company will report sales of $937.14 million, with estimates ranging from $920.05 million to $958.37 million. Zacks’ sales averages are a mean average based on a survey of research firms that follow Douglas Emmett.
Douglas Emmett (NYSE:DEI) last posted its earnings results on Thursday, May 2nd. The real estate investment trust reported $0.52 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.52. Douglas Emmett had a return on equity of 3.01% and a net margin of 13.45%. The business had revenue of $224.19 million during the quarter, compared to analysts’ expectations of $227.52 million. During the same period in the previous year, the business earned $0.49 earnings per share. The firm’s revenue was up 5.6% on a year-over-year basis.
In other Douglas Emmett news, Chairman Dan A. Emmett sold 40,000 shares of Douglas Emmett stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $40.78, for a total transaction of $1,631,200.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 16.20% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Rockefeller Capital Management L.P. lifted its stake in shares of Douglas Emmett by 230.4% in the 1st quarter. Rockefeller Capital Management L.P. now owns 783 shares of the real estate investment trust’s stock valued at $32,000 after acquiring an additional 546 shares during the last quarter. Daiwa SB Investments Ltd. lifted its stake in shares of Douglas Emmett by 311.5% in the 1st quarter. Daiwa SB Investments Ltd. now owns 1,070 shares of the real estate investment trust’s stock valued at $43,000 after acquiring an additional 810 shares during the last quarter. Altshuler Shaham Ltd lifted its stake in shares of Douglas Emmett by 46.7% in the 1st quarter. Altshuler Shaham Ltd now owns 1,097 shares of the real estate investment trust’s stock valued at $45,000 after acquiring an additional 349 shares during the last quarter. Fort L.P. bought a new stake in shares of Douglas Emmett in the 1st quarter valued at about $70,000. Finally, FCA Corp TX bought a new stake in shares of Douglas Emmett in the 4th quarter valued at about $102,000. 90.38% of the stock is owned by institutional investors.
Douglas Emmett stock traded up $0.18 during midday trading on Friday, hitting $40.99. 499,525 shares of the company’s stock were exchanged, compared to its average volume of 886,296. Douglas Emmett has a 52-week low of $32.32 and a 52-week high of $41.86. The company has a quick ratio of 2.00, a current ratio of 2.00 and a debt-to-equity ratio of 1.09. The stock has a market cap of $7.00 billion, a price-to-earnings ratio of 20.29, a PEG ratio of 3.19 and a beta of 0.77.
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.
Featured Story: What is the float in trading stocks?
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Douglas Emmett Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Douglas Emmett and related companies with MarketBeat.com's FREE daily email newsletter.