Wall Street brokerages expect Douglas Emmett, Inc. (NYSE:DEI) to report $0.51 earnings per share for the current quarter, Zacks reports. Three analysts have made estimates for Douglas Emmett’s earnings, with the highest EPS estimate coming in at $0.51 and the lowest estimate coming in at $0.50. Douglas Emmett posted earnings of $0.48 per share in the same quarter last year, which suggests a positive year over year growth rate of 6.3%. The business is scheduled to issue its next earnings results on Tuesday, November 6th.
On average, analysts expect that Douglas Emmett will report full year earnings of $2.01 per share for the current year, with EPS estimates ranging from $1.99 to $2.03. For the next financial year, analysts forecast that the business will post earnings of $2.12 per share, with EPS estimates ranging from $2.09 to $2.17. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side analysts that follow Douglas Emmett.
Douglas Emmett (NYSE:DEI) last issued its quarterly earnings results on Tuesday, July 31st. The real estate investment trust reported $0.19 earnings per share for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.31). The company had revenue of $219.47 million during the quarter, compared to analyst estimates of $215.12 million. Douglas Emmett had a return on equity of 2.96% and a net margin of 13.94%.
In other Douglas Emmett news, Director William E. Simon, Jr. bought 7,700 shares of the business’s stock in a transaction that occurred on Friday, June 1st. The stock was acquired at an average cost of $38.55 per share, with a total value of $296,835.00. Following the completion of the purchase, the director now directly owns 9,700 shares in the company, valued at $373,935. The purchase was disclosed in a filing with the SEC, which is accessible through this link. 17.80% of the stock is owned by corporate insiders.
Hedge funds have recently added to or reduced their stakes in the company. Wells Fargo & Company MN raised its holdings in shares of Douglas Emmett by 2.0% during the first quarter. Wells Fargo & Company MN now owns 136,468 shares of the real estate investment trust’s stock valued at $5,018,000 after acquiring an additional 2,713 shares during the period. Northern Trust Corp raised its holdings in shares of Douglas Emmett by 5.3% during the first quarter. Northern Trust Corp now owns 2,155,346 shares of the real estate investment trust’s stock valued at $79,229,000 after acquiring an additional 108,552 shares during the period. Mason Street Advisors LLC raised its holdings in shares of Douglas Emmett by 2.0% during the first quarter. Mason Street Advisors LLC now owns 80,057 shares of the real estate investment trust’s stock valued at $2,943,000 after acquiring an additional 1,549 shares during the period. New York State Common Retirement Fund raised its holdings in shares of Douglas Emmett by 6.5% during the first quarter. New York State Common Retirement Fund now owns 343,500 shares of the real estate investment trust’s stock valued at $12,627,000 after acquiring an additional 21,000 shares during the period. Finally, Nuveen Asset Management LLC raised its holdings in shares of Douglas Emmett by 1,984.7% during the first quarter. Nuveen Asset Management LLC now owns 173,111 shares of the real estate investment trust’s stock valued at $6,364,000 after acquiring an additional 164,807 shares during the period. Institutional investors and hedge funds own 95.28% of the company’s stock.
Shares of NYSE:DEI traded down $0.41 during trading on Friday, reaching $38.83. The company had a trading volume of 573,316 shares, compared to its average volume of 756,296. The firm has a market cap of $6.67 billion, a P/E ratio of 20.44, a P/E/G ratio of 2.90 and a beta of 0.65. Douglas Emmett has a twelve month low of $34.72 and a twelve month high of $41.59. The company has a current ratio of 2.30, a quick ratio of 2.17 and a debt-to-equity ratio of 1.04.
The firm also recently announced a quarterly dividend, which was paid on Friday, July 13th. Investors of record on Friday, June 29th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 2.58%. The ex-dividend date of this dividend was Thursday, June 28th. Douglas Emmett’s dividend payout ratio is presently 52.63%.
Douglas Emmett Company Profile
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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