Wall Street brokerages predict that Douglas Emmett, Inc. (NYSE:DEI) will announce sales of $226.51 million for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for Douglas Emmett’s earnings, with estimates ranging from $223.70 million to $227.89 million. Douglas Emmett posted sales of $219.47 million in the same quarter last year, which indicates a positive year over year growth rate of 3.2%. The business is scheduled to report its next quarterly earnings results on Tuesday, July 30th.

On average, analysts expect that Douglas Emmett will report full-year sales of $911.61 million for the current financial year, with estimates ranging from $904.94 million to $919.03 million. For the next fiscal year, analysts expect that the company will report sales of $937.23 million, with estimates ranging from $920.05 million to $958.37 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that follow Douglas Emmett.

Douglas Emmett (NYSE:DEI) last announced its earnings results on Thursday, May 2nd. The real estate investment trust reported $0.52 EPS for the quarter, meeting analysts’ consensus estimates of $0.52. Douglas Emmett had a net margin of 13.45% and a return on equity of 3.01%. The business had revenue of $224.19 million during the quarter, compared to analysts’ expectations of $227.52 million. During the same period in the prior year, the company earned $0.49 earnings per share. The business’s revenue was up 5.6% compared to the same quarter last year.

A number of equities research analysts have recently commented on DEI shares. Zacks Investment Research cut shares of Douglas Emmett from a “hold” rating to a “sell” rating in a report on Wednesday, January 23rd. Barclays upgraded shares of Douglas Emmett from an “underweight” rating to an “equal weight” rating and increased their price target for the company from $37.00 to $39.00 in a research report on Monday, February 4th. Finally, JMP Securities reiterated a “hold” rating on shares of Douglas Emmett in a research report on Sunday, February 17th. Six research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Douglas Emmett presently has an average rating of “Buy” and an average target price of $41.60.

In other news, Chairman Dan A. Emmett sold 40,000 shares of the stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of $40.78, for a total value of $1,631,200.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 16.20% of the stock is owned by corporate insiders.

Several hedge funds have recently added to or reduced their stakes in the company. Nordea Investment Management AB boosted its position in Douglas Emmett by 1.5% during the first quarter. Nordea Investment Management AB now owns 129,103 shares of the real estate investment trust’s stock worth $5,219,000 after acquiring an additional 1,860 shares during the last quarter. Zimmer Partners LP boosted its position in Douglas Emmett by 2,013.6% during the first quarter. Zimmer Partners LP now owns 1,162,500 shares of the real estate investment trust’s stock worth $46,988,000 after acquiring an additional 1,107,500 shares during the last quarter. Macquarie Group Ltd. boosted its position in Douglas Emmett by 3.7% during the first quarter. Macquarie Group Ltd. now owns 75,800 shares of the real estate investment trust’s stock worth $3,064,000 after acquiring an additional 2,675 shares during the last quarter. SEI Investments Co boosted its position in Douglas Emmett by 35.2% during the first quarter. SEI Investments Co now owns 579,684 shares of the real estate investment trust’s stock worth $23,429,000 after acquiring an additional 151,081 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted its position in Douglas Emmett by 10.3% during the first quarter. Goldman Sachs Group Inc. now owns 1,025,231 shares of the real estate investment trust’s stock worth $41,440,000 after acquiring an additional 95,986 shares during the last quarter. Institutional investors and hedge funds own 93.07% of the company’s stock.

Shares of NYSE:DEI traded up $0.24 on Friday, reaching $41.23. The company’s stock had a trading volume of 24,509 shares, compared to its average volume of 890,888. Douglas Emmett has a 52-week low of $32.32 and a 52-week high of $41.86. The company has a debt-to-equity ratio of 1.09, a quick ratio of 2.00 and a current ratio of 2.00. The stock has a market capitalization of $7.05 billion, a price-to-earnings ratio of 20.41, a PEG ratio of 3.21 and a beta of 0.77.

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

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