Douglas Emmett, Inc. (NYSE:DEI) – Equities researchers at KeyCorp cut their FY2019 earnings estimates for Douglas Emmett in a report released on Sunday, December 2nd. KeyCorp analyst C. Mailman now expects that the real estate investment trust will post earnings per share of $2.10 for the year, down from their previous forecast of $2.14.

Several other equities research analysts have also weighed in on the company. Bank of America dropped their price target on Douglas Emmett from $44.00 to $42.50 and set a “buy” rating on the stock in a research report on Monday, September 10th. Barclays boosted their target price on Douglas Emmett from $38.00 to $39.00 and gave the stock an “underweight” rating in a report on Thursday, August 30th. Scotiabank initiated coverage on Douglas Emmett in a report on Tuesday, October 16th. They issued an “outperform” rating on the stock. Zacks Investment Research downgraded Douglas Emmett from a “buy” rating to a “hold” rating in a report on Friday, October 12th. Finally, Raymond James dropped their target price on Douglas Emmett from $44.00 to $42.00 and set an “outperform” rating on the stock in a report on Monday, November 5th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $41.45.

Shares of DEI stock opened at $36.32 on Wednesday. The company has a debt-to-equity ratio of 1.05, a quick ratio of 1.96 and a current ratio of 1.96. Douglas Emmett has a fifty-two week low of $34.72 and a fifty-two week high of $41.59. The company has a market capitalization of $6.27 billion, a PE ratio of 19.12, a price-to-earnings-growth ratio of 2.77 and a beta of 0.62.

Douglas Emmett (NYSE:DEI) last issued its quarterly earnings data on Thursday, November 1st. The real estate investment trust reported $0.18 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.51 by ($0.33). The business had revenue of $223.30 million during the quarter, compared to the consensus estimate of $222.50 million. Douglas Emmett had a return on equity of 3.06% and a net margin of 14.32%. Douglas Emmett’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.48 earnings per share.

Several institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in shares of Douglas Emmett by 1.6% during the 3rd quarter. Vanguard Group Inc. now owns 23,659,581 shares of the real estate investment trust’s stock valued at $892,439,000 after buying an additional 368,007 shares during the last quarter. BlackRock Inc. increased its position in shares of Douglas Emmett by 2.6% during the third quarter. BlackRock Inc. now owns 19,613,474 shares of the real estate investment trust’s stock worth $739,819,000 after acquiring an additional 504,234 shares during the period. Cbre Clarion Securities LLC increased its holdings in Douglas Emmett by 226.1% in the second quarter. Cbre Clarion Securities LLC now owns 6,615,753 shares of the real estate investment trust’s stock valued at $265,821,000 after buying an additional 4,587,109 shares during the last quarter. Boston Partners boosted its stake in Douglas Emmett by 2.6% in the second quarter. Boston Partners now owns 4,450,250 shares of the real estate investment trust’s stock valued at $178,811,000 after acquiring an additional 112,228 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in Douglas Emmett by 15.6% in the third quarter. JPMorgan Chase & Co. now owns 4,221,607 shares of the real estate investment trust’s stock valued at $159,239,000 after acquiring an additional 569,703 shares in the last quarter. 92.38% of the stock is owned by hedge funds and other institutional investors.

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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