Zacks: Analysts Expect Douglas Emmett, Inc. (DEI) to Post $0.48 EPS

Zacks: Analysts Expect Douglas Emmett, Inc. (DEI) to Post $0.48 EPS

Equities research analysts expect Douglas Emmett, Inc. (NYSE:DEI) to report $0.48 earnings per share for the current quarter, according to Zacks Investment Research. Five analysts have provided estimates for Douglas Emmett’s earnings, with the highest EPS estimate coming in at $0.48 and the lowest estimate coming in at $0.47. Douglas Emmett reported earnings per share of $0.46 during the same quarter last year, which would indicate a positive year over year growth rate of 4.3%. The company is expected to issue its next earnings report on Tuesday, August 1st.

On average, analysts expect that Douglas Emmett will report full year earnings of $1.92 per share for the current year, with EPS estimates ranging from $1.91 to $1.92. For the next financial year, analysts expect that the business will post earnings of $2.03 per share, with EPS estimates ranging from $2.01 to $2.06. Zacks’ EPS calculations are a mean average based on a survey of sell-side analysts that follow Douglas Emmett.

Douglas Emmett (NYSE:DEI) last released its quarterly earnings results on Tuesday, May 2nd. The real estate investment trust reported $0.47 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.47. Douglas Emmett had a net margin of 11.50% and a return on equity of 3.03%. The business had revenue of $170.35 million for the quarter, compared to the consensus estimate of $191.93 million.

DEI has been the topic of a number of research reports. Zacks Investment Research cut Douglas Emmett from a “hold” rating to a “sell” rating in a research note on Tuesday, February 7th. Evercore ISI cut Douglas Emmett from a “hold” rating to an “underperform” rating in a research note on Friday, March 3rd. Barclays PLC boosted their price objective on Douglas Emmett from $35.00 to $36.00 and gave the company an “underweight” rating in a research note on Wednesday, April 19th. BMO Capital Markets restated a “hold” rating and issued a $37.00 price objective on shares of Douglas Emmett in a research note on Wednesday, February 8th. Finally, Mizuho boosted their price objective on Douglas Emmett from $37.00 to $39.00 and gave the company a “neutral” rating in a research note on Friday, February 10th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $39.41.

Douglas Emmett (NYSE:DEI) traded up 0.84% during trading on Wednesday, hitting $38.47. 547,335 shares of the company traded hands. Douglas Emmett has a 12-month low of $31.95 and a 12-month high of $40.79. The stock has a 50 day moving average price of $38.55 and a 200 day moving average price of $37.64. The company has a market capitalization of $5.89 billion, a P/E ratio of 69.44 and a beta of 0.76.

The business also recently announced a quarterly dividend, which was paid on Friday, April 14th. Shareholders of record on Friday, March 31st were issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 2.39%. The ex-dividend date of this dividend was Wednesday, March 29th. Douglas Emmett’s payout ratio is presently 164.29%.

In other Douglas Emmett news, Chairman Dan A. Emmett sold 29,595 shares of Douglas Emmett stock in a transaction dated Friday, February 17th. The stock was sold at an average price of $38.87, for a total transaction of $1,150,357.65. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Dan A. Emmett sold 100,000 shares of Douglas Emmett stock in a transaction dated Friday, April 21st. The shares were sold at an average price of $39.19, for a total value of $3,919,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 375,051 shares of company stock valued at $14,597,960 in the last ninety days. Insiders own 23.00% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its position in shares of Douglas Emmett by 0.4% in the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 23,180 shares of the real estate investment trust’s stock valued at $849,000 after buying an additional 81 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in shares of Douglas Emmett by 0.4% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 21,312 shares of the real estate investment trust’s stock valued at $779,000 after buying an additional 89 shares during the last quarter. Riverhead Capital Management LLC raised its position in shares of Douglas Emmett by 9.5% in the third quarter. Riverhead Capital Management LLC now owns 3,000 shares of the real estate investment trust’s stock valued at $110,000 after buying an additional 261 shares during the last quarter. World Asset Management Inc raised its position in shares of Douglas Emmett by 3.0% in the first quarter. World Asset Management Inc now owns 8,953 shares of the real estate investment trust’s stock valued at $344,000 after buying an additional 262 shares during the last quarter. Finally, Suntrust Banks Inc. raised its position in shares of Douglas Emmett by 2.5% in the first quarter. Suntrust Banks Inc. now owns 11,698 shares of the real estate investment trust’s stock valued at $448,000 after buying an additional 285 shares during the last quarter. 99.06% of the stock is owned by institutional investors.

Douglas Emmett Company Profile

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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