Douglas Emmett, Inc. (NYSE:DEI) Expected to Post Earnings of $0.54 Per Share

Brokerages forecast that Douglas Emmett, Inc. (NYSE:DEI) will post $0.54 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Five analysts have issued estimates for Douglas Emmett’s earnings, with estimates ranging from $0.53 to $0.54. Douglas Emmett reported earnings of $0.52 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 3.8%. The business is scheduled to issue its next quarterly earnings results on Tuesday, February 11th.

On average, analysts expect that Douglas Emmett will report full year earnings of $2.10 per share for the current financial year, with EPS estimates ranging from $2.09 to $2.11. For the next year, analysts expect that the company will report earnings of $2.25 per share, with EPS estimates ranging from $2.21 to $2.29. Zacks Investment Research’s EPS averages are an average based on a survey of research firms that follow Douglas Emmett.

Douglas Emmett (NYSE:DEI) last posted its earnings results on Tuesday, November 5th. The real estate investment trust reported $0.13 EPS for the quarter, missing the consensus estimate of $0.51 by ($0.38). Douglas Emmett had a net margin of 12.05% and a return on equity of 2.83%. The firm had revenue of $238.07 million during the quarter, compared to analyst estimates of $237.69 million. During the same period in the previous year, the company posted $0.51 EPS. Douglas Emmett’s revenue for the quarter was up 6.6% compared to the same quarter last year.

A number of equities analysts recently commented on DEI shares. Robert W. Baird set a $51.00 price target on shares of Douglas Emmett and gave the stock a “buy” rating in a research report on Wednesday, August 21st. Zacks Investment Research lowered shares of Douglas Emmett from a “buy” rating to a “hold” rating in a research report on Monday, November 4th. ValuEngine upgraded shares of Douglas Emmett from a “sell” rating to a “hold” rating in a research report on Friday, November 1st. Barclays reaffirmed a “hold” rating and set a $47.00 target price on shares of Douglas Emmett in a report on Sunday, October 13th. Finally, BMO Capital Markets reiterated a “hold” rating and issued a $45.00 price target on shares of Douglas Emmett in a research report on Wednesday, November 6th. Six analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Douglas Emmett currently has an average rating of “Hold” and an average price target of $44.83.

DEI stock opened at $44.62 on Friday. The company has a debt-to-equity ratio of 1.05, a quick ratio of 2.38 and a current ratio of 2.38. The company’s 50-day simple moving average is $43.45 and its 200 day simple moving average is $41.84. Douglas Emmett has a 52 week low of $32.32 and a 52 week high of $44.78. The company has a market capitalization of $7.82 billion, a PE ratio of 22.09, a price-to-earnings-growth ratio of 3.30 and a beta of 0.66.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. State Street Corp raised its stake in Douglas Emmett by 2.5% in the third quarter. State Street Corp now owns 8,759,829 shares of the real estate investment trust’s stock valued at $377,432,000 after purchasing an additional 215,664 shares in the last quarter. Zimmer Partners LP lifted its holdings in shares of Douglas Emmett by 459.7% during the 2nd quarter. Zimmer Partners LP now owns 6,507,082 shares of the real estate investment trust’s stock worth $259,242,000 after acquiring an additional 5,344,582 shares during the period. Renaissance Technologies LLC lifted its holdings in shares of Douglas Emmett by 17.3% during the 2nd quarter. Renaissance Technologies LLC now owns 4,798,800 shares of the real estate investment trust’s stock worth $191,184,000 after acquiring an additional 706,200 shares during the period. Boston Partners boosted its position in shares of Douglas Emmett by 6.2% during the 3rd quarter. Boston Partners now owns 3,941,764 shares of the real estate investment trust’s stock worth $168,836,000 after acquiring an additional 231,829 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its position in shares of Douglas Emmett by 45.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 2,915,912 shares of the real estate investment trust’s stock worth $116,170,000 after acquiring an additional 904,350 shares in the last quarter. 93.95% of the stock is currently owned by institutional investors.

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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Earnings History and Estimates for Douglas Emmett (NYSE:DEI)

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