$0.49 Earnings Per Share Expected for Douglas Emmett, Inc. (DEI) This Quarter
Equities analysts expect that Douglas Emmett, Inc. (NYSE:DEI) will report $0.49 earnings per share for the current quarter, Zacks reports. Four analysts have made estimates for Douglas Emmett’s earnings. The highest EPS estimate is $0.49 and the lowest is $0.48. Douglas Emmett posted earnings per share of $0.47 during the same quarter last year, which would suggest a positive year over year growth rate of 4.3%. The business is scheduled to report its next earnings results on Tuesday, May 1st.
On average, analysts expect that Douglas Emmett will report full year earnings of $1.99 per share for the current fiscal year, with EPS estimates ranging from $1.98 to $2.01. For the next year, analysts anticipate that the company will report earnings of $2.10 per share, with EPS estimates ranging from $2.06 to $2.13. Zacks’ earnings per share calculations are an average based on a survey of sell-side research firms that cover Douglas Emmett.
Douglas Emmett (NYSE:DEI) last released its quarterly earnings results on Tuesday, February 13th. The real estate investment trust reported $0.17 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.18 by ($0.01). The firm had revenue of $209.19 million during the quarter, compared to the consensus estimate of $202.00 million. Douglas Emmett had a net margin of 12.36% and a return on equity of 2.69%.
Hedge funds have recently made changes to their positions in the stock. Sei Investments Co. lifted its position in shares of Douglas Emmett by 0.3% during the 4th quarter. Sei Investments Co. now owns 731,039 shares of the real estate investment trust’s stock worth $30,017,000 after buying an additional 1,850 shares during the last quarter. Swiss National Bank lifted its position in shares of Douglas Emmett by 7.3% during the 4th quarter. Swiss National Bank now owns 263,600 shares of the real estate investment trust’s stock worth $10,823,000 after buying an additional 18,000 shares during the last quarter. BlackRock Inc. lifted its position in shares of Douglas Emmett by 6.9% during the 4th quarter. BlackRock Inc. now owns 18,558,202 shares of the real estate investment trust’s stock worth $761,999,000 after buying an additional 1,193,815 shares during the last quarter. BB&T Securities LLC bought a new stake in shares of Douglas Emmett during the 3rd quarter worth $327,000. Finally, Jane Street Group LLC bought a new stake in shares of Douglas Emmett during the 3rd quarter worth $403,000. Institutional investors and hedge funds own 98.29% of the company’s stock.
Douglas Emmett (NYSE:DEI) traded up $0.02 on Friday, reaching $37.56. The company had a trading volume of 306,591 shares, compared to its average volume of 881,869. The company has a market cap of $6,357.03, a P/E ratio of 19.63, a PEG ratio of 2.83 and a beta of 0.70. Douglas Emmett has a twelve month low of $34.72 and a twelve month high of $41.59.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 17th. Stockholders of record on Thursday, March 29th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Wednesday, March 28th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.66%. Douglas Emmett’s payout ratio is 175.44%.
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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