Equities analysts expect that Douglas Emmett, Inc. (NYSE:DEI) will report $202.65 million in sales for the current quarter, Zacks reports. Six analysts have issued estimates for Douglas Emmett’s earnings, with estimates ranging from $180.11 million to $215.00 million. Douglas Emmett posted sales of $194.64 million during the same quarter last year, which suggests a positive year over year growth rate of 4.1%. The business is scheduled to issue its next earnings results on Tuesday, February 6th.

According to Zacks, analysts expect that Douglas Emmett will report full-year sales of $202.65 million for the current fiscal year, with estimates ranging from $696.24 million to $817.80 million. For the next financial year, analysts expect that the firm will report sales of $834.77 million per share, with estimates ranging from $738.39 million to $889.10 million. Zacks’ sales averages are an average based on a survey of analysts that follow Douglas Emmett.

Douglas Emmett (NYSE:DEI) last posted its quarterly earnings results on Tuesday, November 7th. The real estate investment trust reported $0.48 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.48. The company had revenue of $208.75 million during the quarter, compared to analyst estimates of $203.99 million. Douglas Emmett had a net margin of 11.29% and a return on equity of 2.58%. The firm’s revenue for the quarter was up 8.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.47 earnings per share.

DEI has been the subject of several research reports. Janney Montgomery Scott initiated coverage on shares of Douglas Emmett in a research report on Friday, September 8th. They set a “neutral” rating for the company. Stifel Nicolaus restated a “buy” rating and set a $42.00 price target on shares of Douglas Emmett in a research report on Thursday, September 21st. KeyCorp restated a “hold” rating on shares of Douglas Emmett in a research report on Sunday, September 24th. Zacks Investment Research lowered shares of Douglas Emmett from a “hold” rating to a “sell” rating in a research report on Monday, October 16th. Finally, Mizuho reiterated a “hold” rating and set a $41.00 target price on shares of Douglas Emmett in a research report on Friday, October 27th. Four equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $41.38.

A number of large investors have recently modified their holdings of the business. Vanguard Group Inc. boosted its position in Douglas Emmett by 0.7% during the second quarter. Vanguard Group Inc. now owns 23,050,527 shares of the real estate investment trust’s stock worth $880,761,000 after purchasing an additional 152,639 shares during the period. BlackRock Inc. lifted its holdings in shares of Douglas Emmett by 3.6% in the second quarter. BlackRock Inc. now owns 16,639,474 shares of the real estate investment trust’s stock worth $635,797,000 after buying an additional 576,163 shares in the last quarter. Cohen & Steers Inc. lifted its holdings in shares of Douglas Emmett by 7.0% in the third quarter. Cohen & Steers Inc. now owns 15,328,882 shares of the real estate investment trust’s stock worth $604,265,000 after buying an additional 1,000,650 shares in the last quarter. FMR LLC lifted its holdings in shares of Douglas Emmett by 9.8% in the second quarter. FMR LLC now owns 11,749,721 shares of the real estate investment trust’s stock worth $448,956,000 after buying an additional 1,049,842 shares in the last quarter. Finally, Daiwa Securities Group Inc. lifted its holdings in shares of Douglas Emmett by 4.0% in the third quarter. Daiwa Securities Group Inc. now owns 6,425,963 shares of the real estate investment trust’s stock worth $253,311,000 after buying an additional 247,203 shares in the last quarter. Hedge funds and other institutional investors own 96.42% of the company’s stock.

Douglas Emmett (NYSE:DEI) traded down $0.28 on Wednesday, reaching $39.78. 1,317,282 shares of the company traded hands, compared to its average volume of 820,351. The company has a market capitalization of $6,791.18, a price-to-earnings ratio of 75.06, a P/E/G ratio of 3.12 and a beta of 0.71. Douglas Emmett has a one year low of $35.98 and a one year high of $41.59.

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 15th. Shareholders of record on Friday, December 29th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 2.51%. The ex-dividend date is Thursday, December 28th. This is a positive change from Douglas Emmett’s previous quarterly dividend of $0.23. Douglas Emmett’s dividend payout ratio (DPR) is currently 188.68%.

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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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Earnings History and Estimates for Douglas Emmett (NYSE:DEI)

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