Wall Street analysts forecast that Douglas Emmett, Inc. (NYSE:DEI) will post earnings of $0.54 per share for the current quarter, Zacks reports. Five analysts have provided estimates for Douglas Emmett’s earnings. The highest EPS estimate is $0.54 and the lowest is $0.53. Douglas Emmett reported earnings of $0.52 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 3.8%. The company is scheduled to issue its next 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 fiscal year, with EPS estimates ranging from $2.09 to $2.11. For the next financial year, analysts forecast that the business will report earnings of $2.25 per share, with EPS estimates ranging from $2.21 to $2.29. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that follow Douglas Emmett.
Douglas Emmett (NYSE:DEI) last issued its quarterly earnings data on Tuesday, November 5th. The real estate investment trust reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.38). Douglas Emmett had a net margin of 12.05% and a return on equity of 2.83%. The business had revenue of $238.07 million for the quarter, compared to analyst estimates of $237.69 million. During the same quarter last year, the business earned $0.51 EPS. Douglas Emmett’s revenue for the quarter was up 6.6% compared to the same quarter last year.
A number of analysts recently issued reports on DEI shares. Barclays restated a “hold” rating and issued a $47.00 price target on shares of Douglas Emmett in a research note on Sunday, October 13th. Zacks Investment Research downgraded shares of Douglas Emmett from a “buy” rating to a “hold” rating in a research note on Monday, November 4th. BMO Capital Markets reiterated a “hold” rating and set a $45.00 price objective on shares of Douglas Emmett in a research note on Wednesday, November 6th. Robert W. Baird set a $51.00 price objective on shares of Douglas Emmett and gave the stock a “buy” rating in a report on Wednesday, August 21st. Finally, ValuEngine raised shares of Douglas Emmett from a “sell” rating to a “hold” rating in a research report on Friday, November 1st. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company has an average rating of “Hold” and an average price target of $44.83.
A number of large investors have recently added to or reduced their stakes in the business. LS Investment Advisors LLC boosted its holdings in Douglas Emmett by 3.7% in the third quarter. LS Investment Advisors LLC now owns 8,143 shares of the real estate investment trust’s stock worth $349,000 after purchasing an additional 292 shares during the period. Exane Derivatives lifted its position in shares of Douglas Emmett by 7.2% in the 3rd quarter. Exane Derivatives now owns 5,216 shares of the real estate investment trust’s stock worth $223,000 after buying an additional 350 shares during the last quarter. Municipal Employees Retirement System of Michigan lifted its position in shares of Douglas Emmett by 1.2% in the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 30,270 shares of the real estate investment trust’s stock worth $1,296,000 after buying an additional 370 shares during the last quarter. Point72 Asset Management L.P. lifted its position in shares of Douglas Emmett by 133.3% in the 3rd quarter. Point72 Asset Management L.P. now owns 700 shares of the real estate investment trust’s stock worth $30,000 after buying an additional 400 shares during the last quarter. Finally, Redpoint Investment Management Pty Ltd boosted its holdings in shares of Douglas Emmett by 3.6% in the 3rd quarter. Redpoint Investment Management Pty Ltd now owns 16,146 shares of the real estate investment trust’s stock valued at $692,000 after buying an additional 559 shares during the period. 93.95% of the stock is currently owned by institutional investors.
Douglas Emmett stock opened at $44.62 on Friday. The stock has a market cap of $7.82 billion, a P/E ratio of 22.09, a price-to-earnings-growth ratio of 3.30 and a beta of 0.66. The company has a current ratio of 2.38, a quick ratio of 2.38 and a debt-to-equity ratio of 1.05. The stock has a 50 day moving average of $43.45 and a 200-day moving average of $41.84. Douglas Emmett has a 52 week low of $32.32 and a 52 week high of $44.78.
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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