Douglas Emmett (NYSE:DEI) is scheduled to be issuing its quarterly earnings data after the market closes on Tuesday, February 13th. Analysts expect the company to announce earnings of $0.18 per share for the quarter.
Douglas Emmett (NYSE:DEI) last announced its quarterly earnings data on Tuesday, November 7th. The real estate investment trust reported $0.48 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.48. Douglas Emmett had a net margin of 11.29% and a return on equity of 2.58%. The firm had revenue of $208.75 million for the quarter, compared to analysts’ expectations of $203.99 million. During the same period last year, the firm earned $0.47 earnings per share. The business’s revenue for the quarter was up 8.7% on a year-over-year basis. On average, analysts expect Douglas Emmett to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.
Douglas Emmett (DEI) opened at $36.27 on Tuesday. Douglas Emmett has a 52 week low of $36.22 and a 52 week high of $41.59. The stock has a market cap of $6,150.00, a P/E ratio of 69.75, a price-to-earnings-growth ratio of 2.93 and a beta of 0.64.
The company also recently declared a quarterly dividend, which was paid on Monday, January 15th. Stockholders of record on Friday, December 29th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.76%. This is a boost from Douglas Emmett’s previous quarterly dividend of $0.23. The ex-dividend date was Thursday, December 28th. Douglas Emmett’s dividend payout ratio (DPR) is currently 192.31%.
DEI has been the topic of a number of recent analyst reports. Robert W. Baird reissued a “buy” rating and set a $45.00 price target on shares of Douglas Emmett in a research report on Tuesday, January 9th. Stifel Nicolaus reissued a “buy” rating and set a $43.00 price target (up from $42.00) on shares of Douglas Emmett in a research report on Thursday, November 9th. Zacks Investment Research cut shares of Douglas Emmett from a “hold” rating to a “sell” rating in a research report on Monday, October 16th. Sandler O’Neill reissued a “hold” rating and set a $42.00 price target on shares of Douglas Emmett in a research report on Tuesday, January 23rd. Finally, TheStreet raised shares of Douglas Emmett from a “c+” rating to a “b-” rating in a research report on Wednesday, November 15th. Four analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company. Douglas Emmett has an average rating of “Hold” and an average price target of $41.44.
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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