Wall Street analysts forecast that Douglas Emmett, Inc. (NYSE:DEI) will report earnings per share of $0.47 for the current quarter, Zacks Investment Research reports. Four analysts have issued estimates for Douglas Emmett’s earnings, with the highest EPS estimate coming in at $0.49 and the lowest estimate coming in at $0.46. Douglas Emmett posted earnings per share of $0.46 in the same quarter last year, which would indicate a positive year over year growth rate of 2.2%. The firm is expected to report its next earnings results on Tuesday, February 8th.
On average, analysts expect that Douglas Emmett will report full year earnings of $1.84 per share for the current fiscal year, with EPS estimates ranging from $1.79 to $1.88. For the next fiscal year, analysts anticipate that the company will post earnings of $2.05 per share, with EPS estimates ranging from $1.94 to $2.10. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Douglas Emmett.
Douglas Emmett (NYSE:DEI) last released its earnings results on Tuesday, November 2nd. The real estate investment trust reported $0.10 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.45 by ($0.35). Douglas Emmett had a net margin of 7.11% and a return on equity of 1.60%. During the same period last year, the business earned $0.40 earnings per share.
Douglas Emmett stock traded down $1.92 during trading on Monday, hitting $33.54. The company’s stock had a trading volume of 510,185 shares, compared to its average volume of 1,183,142. The stock has a market capitalization of $5.89 billion, a price-to-earnings ratio of 95.83, a P/E/G ratio of 3.69 and a beta of 0.83. The stock’s fifty day moving average is $33.73 and its 200 day moving average is $33.73. Douglas Emmett has a 1-year low of $26.45 and a 1-year high of $36.97. The company has a debt-to-equity ratio of 1.27, a quick ratio of 2.98 and a current ratio of 2.98.
The business also recently announced a quarterly dividend, which was paid on Friday, October 15th. Stockholders of record on Thursday, September 30th were given a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 3.34%. The ex-dividend date was Wednesday, September 29th. Douglas Emmett’s payout ratio is 320.01%.
Several hedge funds and other institutional investors have recently modified their holdings of DEI. Dark Forest Capital Management LP purchased a new stake in shares of Douglas Emmett in the second quarter worth about $37,000. AGF Investments Inc. purchased a new position in Douglas Emmett in the third quarter valued at about $183,000. PNC Financial Services Group Inc. boosted its holdings in Douglas Emmett by 15.8% in the second quarter. PNC Financial Services Group Inc. now owns 5,904 shares of the real estate investment trust’s stock valued at $200,000 after purchasing an additional 804 shares during the last quarter. CIBC Asset Management Inc purchased a new position in Douglas Emmett in the third quarter valued at about $202,000. Finally, Fox Run Management L.L.C. purchased a new position in Douglas Emmett in the second quarter valued at about $214,000. 93.03% of the stock is owned by institutional investors.
About Douglas Emmett
Douglas Emmett, Inc is a real estate investment trust, which engages in the acquisition, development, ownership, and management of real estate properties. It operates through the following segments: Office, and Multifamily. The Office segment comprises rental of office space and other tenant services, including parking and storage space rental.
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