Equities analysts predict that Douglas Emmett, Inc. (NYSE:DEI) will announce $0.51 earnings per share for the current quarter, Zacks Investment Research reports. Five analysts have issued estimates for Douglas Emmett’s earnings, with the highest EPS estimate coming in at $0.54 and the lowest estimate coming in at $0.48. Douglas Emmett also reported earnings of $0.51 per share in the same quarter last year. The firm is expected to report its next earnings results after the market closes on Tuesday, November 5th.
According to Zacks, analysts expect that Douglas Emmett will report full-year earnings of $2.11 per share for the current year, with EPS estimates ranging from $2.09 to $2.13. For the next year, analysts anticipate that the business will report earnings of $2.23 per share, with EPS estimates ranging from $2.19 to $2.27. Zacks’ earnings per share calculations are an average based on a survey of research analysts that that provide coverage for Douglas Emmett.
Douglas Emmett (NYSE:DEI) last issued its quarterly earnings data on Monday, August 5th. The real estate investment trust reported $0.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.53 by $0.01. Douglas Emmett had a return on equity of 3.05% and a net margin of 13.54%. The company had revenue of $230.50 million during the quarter, compared to analysts’ expectations of $226.45 million. During the same quarter in the previous year, the company posted $0.51 earnings per share. The business’s revenue was up 5.0% on a year-over-year basis.
Shares of NYSE:DEI opened at $42.60 on Wednesday. Douglas Emmett has a 12-month low of $32.32 and a 12-month high of $43.13. The stock has a market cap of $7.48 billion, a PE ratio of 20.43, a P/E/G ratio of 3.35 and a beta of 0.67. The business has a 50 day moving average of $42.34 and a 200-day moving average of $41.32. The company has a quick ratio of 3.74, a current ratio of 3.74 and a debt-to-equity ratio of 1.07.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 16th. Shareholders of record on Monday, September 30th were given a dividend of $0.26 per share. The ex-dividend date of this dividend was Friday, September 27th. This represents a $1.04 annualized dividend and a yield of 2.44%. Douglas Emmett’s dividend payout ratio is currently 51.49%.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. NEXT Financial Group Inc increased its stake in shares of Douglas Emmett by 76.3% in the second quarter. NEXT Financial Group Inc now owns 1,733 shares of the real estate investment trust’s stock worth $69,000 after purchasing an additional 750 shares in the last quarter. Altshuler Shaham Ltd increased its stake in shares of Douglas Emmett by 102.2% in the second quarter. Altshuler Shaham Ltd now owns 2,218 shares of the real estate investment trust’s stock worth $89,000 after purchasing an additional 1,121 shares in the last quarter. Exane Derivatives purchased a new stake in shares of Douglas Emmett in the second quarter worth $194,000. Great Lakes Advisors LLC purchased a new stake in shares of Douglas Emmett in the second quarter worth $201,000. Finally, Natixis purchased a new stake in shares of Douglas Emmett in the second quarter worth $209,000. Institutional investors and hedge funds own 92.49% of the company’s stock.
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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