Wall Street analysts expect Douglas Emmett, Inc. (NYSE:DEI – Get Rating) to report sales of $224.97 million for the current fiscal quarter, Zacks reports. Two analysts have made estimates for Douglas Emmett’s earnings, with estimates ranging from $205.73 million to $244.20 million. Douglas Emmett posted sales of $225.01 million during the same quarter last year, which would indicate a negative year over year growth rate of 0%. The company is scheduled to report its next earnings report on Monday, January 1st.
On average, analysts expect that Douglas Emmett will report full year sales of $934.47 million for the current fiscal year, with estimates ranging from $830.81 million to $987.99 million. For the next financial year, analysts anticipate that the firm will post sales of $988.74 million, with estimates ranging from $872.09 million to $1.06 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side analysts that follow Douglas Emmett.
Douglas Emmett (NYSE:DEI – Get Rating) last released its quarterly earnings results on Tuesday, May 3rd. The real estate investment trust reported $0.14 EPS for the quarter, missing the consensus estimate of $0.50 by ($0.36). Douglas Emmett had a return on equity of 1.97% and a net margin of 9.09%. The firm had revenue of $238.88 million for the quarter, compared to the consensus estimate of $240.76 million. During the same quarter in the prior year, the company posted $0.44 EPS. The firm’s revenue was up 10.4% on a year-over-year basis.
DEI traded up $0.46 during midday trading on Friday, hitting $27.38. 1,748,794 shares of the company’s stock traded hands, compared to its average volume of 1,150,792. Douglas Emmett has a one year low of $26.78 and a one year high of $36.97. The company has a debt-to-equity ratio of 1.22, a current ratio of 2.99 and a quick ratio of 3.19. The stock’s fifty day simple moving average is $31.65 and its 200-day simple moving average is $32.83. The company has a market cap of $4.81 billion, a PE ratio of 61.18, a price-to-earnings-growth ratio of 2.73 and a beta of 0.84.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 19th. Shareholders of record on Thursday, March 31st were issued a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 4.09%. The ex-dividend date was Wednesday, March 30th. Douglas Emmett’s payout ratio is 254.55%.
A number of hedge funds have recently made changes to their positions in the business. BlackRock Inc. grew its position in shares of Douglas Emmett by 3.0% during the fourth quarter. BlackRock Inc. now owns 19,794,944 shares of the real estate investment trust’s stock worth $663,130,000 after buying an additional 572,689 shares in the last quarter. State Street Corp lifted its position in Douglas Emmett by 7.3% during the fourth quarter. State Street Corp now owns 8,378,910 shares of the real estate investment trust’s stock worth $283,014,000 after buying an additional 571,390 shares during the period. Wellington Management Group LLP raised its holdings in shares of Douglas Emmett by 8.3% in the 3rd quarter. Wellington Management Group LLP now owns 7,797,639 shares of the real estate investment trust’s stock worth $246,484,000 after purchasing an additional 600,353 shares during the period. First Eagle Investment Management LLC lifted its position in shares of Douglas Emmett by 8.8% during the first quarter. First Eagle Investment Management LLC now owns 7,542,414 shares of the real estate investment trust’s stock worth $252,067,000 after purchasing an additional 610,042 shares in the last quarter. Finally, Norges Bank acquired a new stake in Douglas Emmett in the fourth quarter valued at $244,608,000. Institutional investors own 97.71% of the company’s stock.
Douglas Emmett Company Profile (Get Rating)
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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