Equities analysts predict that Douglas Emmett, Inc. (NYSE:DEI) will post $0.49 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Six analysts have issued estimates for Douglas Emmett’s earnings. The lowest EPS estimate is $0.48 and the highest is $0.49. Douglas Emmett posted earnings per share of $0.13 in the same quarter last year, which would suggest a positive year over year growth rate of 276.9%. The firm is expected to issue its next quarterly earnings results on Tuesday, February 6th.
On average, analysts expect that Douglas Emmett will report full-year earnings of $1.90 per share for the current year, with EPS estimates ranging from $1.89 to $1.91. For the next year, analysts forecast that the business will report earnings of $2.01 per share, with EPS estimates ranging from $1.99 to $2.06. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research firms that cover Douglas Emmett.
Douglas Emmett (NYSE:DEI) last posted its earnings results on Tuesday, November 7th. The real estate investment trust reported $0.48 EPS for the quarter, hitting analysts’ consensus estimates of $0.48. Douglas Emmett had a net margin of 11.29% and a return on equity of 2.58%. The business had revenue of $208.75 million during the quarter, compared to the consensus estimate of $203.99 million. During the same quarter in the previous year, the firm posted $0.47 EPS. The firm’s revenue was up 8.7% on a year-over-year basis.
A number of equities research analysts have recently issued reports on DEI shares. Stifel Nicolaus reissued a “buy” rating and set a $42.00 price objective on shares of Douglas Emmett in a research report on Thursday, September 21st. Robert W. Baird boosted their price objective on shares of Douglas Emmett from $45.00 to $47.00 and gave the company an “outperform” rating in a research report on Friday, November 10th. Mizuho reissued a “hold” rating and set a $41.00 price objective on shares of Douglas Emmett in a research report on Friday, October 27th. Zacks Investment Research downgraded shares of Douglas Emmett from a “hold” rating to a “sell” rating in a research report on Monday, October 16th. Finally, KeyCorp reissued a “hold” rating on shares of Douglas Emmett in a research report on Sunday, September 24th. Five investment 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. The stock currently has a consensus rating of “Hold” and an average target price of $40.60.
Shares of Douglas Emmett (DEI) traded down $0.05 during mid-day trading on Monday, hitting $40.87. 619,230 shares of the stock were exchanged, compared to its average volume of 740,047. Douglas Emmett has a 12-month low of $35.27 and a 12-month high of $41.19. The company has a market cap of $6,936.96, a P/E ratio of 21.65, a price-to-earnings-growth ratio of 3.35 and a beta of 0.72.
In related news, Chairman Dan A. Emmett sold 100,000 shares of the company’s stock in a transaction on Friday, September 22nd. The shares were sold at an average price of $38.99, for a total value of $3,899,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 17.80% of the company’s stock.
A number of institutional investors have recently modified their holdings of DEI. PNC Financial Services Group Inc. boosted its holdings in Douglas Emmett by 14.4% in the 2nd quarter. PNC Financial Services Group Inc. now owns 4,120 shares of the real estate investment trust’s stock worth $158,000 after buying an additional 520 shares during the period. Advisor Group Inc. lifted its stake in Douglas Emmett by 451.6% in the 3rd quarter. Advisor Group Inc. now owns 4,065 shares of the real estate investment trust’s stock worth $160,000 after purchasing an additional 3,328 shares in the last quarter. Virtu KCG Holdings LLC purchased a new stake in Douglas Emmett in the 2nd quarter worth $206,000. CIBC Asset Management Inc purchased a new stake in Douglas Emmett in the 3rd quarter worth $206,000. Finally, Timber Hill LLC purchased a new stake in Douglas Emmett in the 3rd quarter worth $206,000. 93.58% of the stock is owned by institutional investors.
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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).
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