Douglas Emmett, Inc. (DEI) to Post Q1 2019 Earnings of $0.51 Per Share, DA Davidson Forecasts
Douglas Emmett, Inc. (NYSE:DEI) – Analysts at DA Davidson issued their Q1 2019 earnings per share estimates for Douglas Emmett in a report released on Wednesday. DA Davidson analyst B. Oxford anticipates that the real estate investment trust will post earnings per share of $0.51 for the quarter. DA Davidson also issued estimates for Douglas Emmett’s Q2 2019 earnings at $0.52 EPS, Q3 2019 earnings at $0.52 EPS and FY2019 earnings at $2.08 EPS.
A number of other brokerages have also recently commented on DEI. Zacks Investment Research raised Douglas Emmett from a “hold” rating to a “buy” rating and set a $43.00 price target on the stock in a research note on Tuesday, July 18th. Janney Montgomery Scott assumed coverage on Douglas Emmett in a research note on Friday, September 8th. They issued a “neutral” rating on the stock. BidaskClub raised Douglas Emmett from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 26th. Barclays PLC decreased their price target on Douglas Emmett from $36.00 to $35.00 and set an “underweight” rating on the stock in a research note on Tuesday, July 18th. Finally, Mizuho reaffirmed a “hold” rating and issued a $41.00 price target on shares of Douglas Emmett in a research note on Friday, October 27th. Five research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $40.60.
Shares of Douglas Emmett (NYSE DEI) traded up $0.05 during midday trading on Thursday, reaching $40.13. The company’s stock had a trading volume of 571,900 shares, compared to its average volume of 747,638. Douglas Emmett has a fifty-two week low of $33.78 and a fifty-two week high of $41.12. The company has a market cap of $6,794.57, a P/E ratio of 21.21, a P/E/G ratio of 3.21 and a beta of 0.72.
Douglas Emmett (NYSE:DEI) last announced its quarterly earnings data on Tuesday, November 7th. The real estate investment trust reported $0.48 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.48. The firm had revenue of $208.75 million during the quarter, compared to the consensus estimate of $203.99 million. Douglas Emmett had a return on equity of 2.58% and a net margin of 11.29%. The business’s revenue for the quarter was up 8.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.47 EPS.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. PNC Financial Services Group Inc. boosted its position in shares of Douglas Emmett by 9.1% during the first quarter. PNC Financial Services Group Inc. now owns 3,600 shares of the real estate investment trust’s stock valued at $139,000 after purchasing an additional 299 shares in the last quarter. Advisor Group Inc. boosted its position in shares of Douglas Emmett by 451.6% during the third quarter. Advisor Group Inc. now owns 4,065 shares of the real estate investment trust’s stock valued at $160,000 after purchasing an additional 3,328 shares in the last quarter. Virtu KCG Holdings LLC bought a new stake in shares of Douglas Emmett during the second quarter valued at approximately $206,000. CIBC Asset Management Inc bought a new stake in shares of Douglas Emmett during the third quarter valued at approximately $206,000. Finally, Timber Hill LLC bought a new stake in shares of Douglas Emmett during the third quarter valued at approximately $206,000. Institutional investors own 96.26% of the company’s stock.
In other news, Chairman Dan A. Emmett sold 100,000 shares of Douglas Emmett stock in a transaction that occurred on Friday, September 22nd. The stock was sold at an average price of $38.99, for a total value of $3,899,000.00. The sale was disclosed in a document filed with the SEC, which is available through this link. 17.80% of the stock is currently owned by company insiders.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 13th. Stockholders of record on Friday, September 29th were given a $0.23 dividend. The ex-dividend date of this dividend was Thursday, September 28th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.29%. Douglas Emmett’s dividend payout ratio is currently 173.59%.
About Douglas Emmett
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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