Douglas Emmett (DEI) Updates 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. Douglas Emmett has a twelve month low of $34.72 and a twelve month high of $41.59. The firm has a market cap of $6,160.55, a PE ratio of 19.03, a P/E/G ratio of 2.81 and a beta of 0.64.

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 Zacks’ consensus estimate of $0.18 by ($0.01). Douglas Emmett had a return on equity of 2.80% and a net margin of 12.36%. The firm had revenue of $209.19 million during the quarter, compared to analyst estimates of $202.00 million. research analysts predict that Douglas Emmett will post 2 earnings per share for the current year.

DEI has been the topic of a number of analyst reports. TheStreet raised shares of Douglas Emmett from a c+ rating to a b- rating in a report on Wednesday, November 15th. Stifel Nicolaus reiterated a buy rating and issued a $43.00 target price (up previously from $42.00) on shares of Douglas Emmett in a research report on Thursday, November 9th. Robert W. Baird reiterated a buy rating and issued a $45.00 target price on shares of Douglas Emmett in a research report on Tuesday, January 9th. BMO Capital Markets set a $39.00 target price on shares of Douglas Emmett and gave the company a hold rating in a research report on Tuesday. Finally, Zacks Investment Research upgraded shares of Douglas Emmett from a sell rating to a hold rating in a research report on Monday, January 8th. Four equities research analysts have rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the company. The stock presently has an average rating of Hold and a consensus 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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