Douglas Emmett, Inc. (NYSE:DEI) – Research analysts at KeyCorp issued their FY2017 earnings estimates for Douglas Emmett in a research note issued to investors on Wednesday. KeyCorp analyst C. Mailman forecasts that the real estate investment trust will earn $1.89 per share for the year. KeyCorp currently has a “Hold” rating on the stock. KeyCorp also issued estimates for Douglas Emmett’s Q4 2017 earnings at $0.48 EPS.

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

DEI has been the subject of a number of other reports. Robert W. Baird boosted their target price on shares of Douglas Emmett from $45.00 to $47.00 and gave the stock an “outperform” rating in a research note on Friday, November 10th. Stifel Nicolaus reissued a “buy” rating and set a $42.00 price target on shares of Douglas Emmett in a research note on Thursday, September 21st. Mizuho reissued a “hold” rating and set a $41.00 price target on shares of Douglas Emmett in a research note on Friday, October 27th. Zacks Investment Research downgraded shares of Douglas Emmett from a “hold” rating to a “sell” rating in a research note on Monday, October 16th. Finally, TheStreet raised shares of Douglas Emmett from a “c+” rating to a “b-” rating in a research note on Wednesday, November 15th. Four equities research analysts have rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $41.38.

Douglas Emmett (NYSE:DEI) opened at $40.62 on Monday. Douglas Emmett has a 12 month low of $35.33 and a 12 month high of $41.59. The firm has a market cap of $6,886.12, a PE ratio of 76.64, a price-to-earnings-growth ratio of 3.35 and a beta of 0.71.

A number of large investors have recently modified their holdings of DEI. Canada Pension Plan Investment Board increased its stake in Douglas Emmett by 35.6% in the second quarter. Canada Pension Plan Investment Board now owns 29,700 shares of the real estate investment trust’s stock valued at $1,135,000 after purchasing an additional 7,800 shares in the last quarter. Schwab Charles Investment Management Inc. increased its stake in Douglas Emmett by 10.4% in the second quarter. Schwab Charles Investment Management Inc. now owns 1,304,547 shares of the real estate investment trust’s stock valued at $49,847,000 after purchasing an additional 123,287 shares in the last quarter. State of Wisconsin Investment Board increased its stake in Douglas Emmett by 3.5% in the second quarter. State of Wisconsin Investment Board now owns 28,919 shares of the real estate investment trust’s stock valued at $1,105,000 after purchasing an additional 990 shares in the last quarter. SG Americas Securities LLC increased its stake in Douglas Emmett by 68.1% in the second quarter. SG Americas Securities LLC now owns 50,403 shares of the real estate investment trust’s stock valued at $1,926,000 after purchasing an additional 20,425 shares in the last quarter. Finally, Legal & General Group Plc increased its stake in Douglas Emmett by 11.1% in the second quarter. Legal & General Group Plc now owns 751,696 shares of the real estate investment trust’s stock valued at $28,723,000 after purchasing an additional 75,369 shares in the last quarter. 96.42% of the stock is owned by hedge funds and other institutional investors.

The firm also recently declared a quarterly dividend, which will be paid on Monday, January 15th. Investors of record on Friday, December 29th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.46%. This is an increase from Douglas Emmett’s previous quarterly dividend of $0.23. The ex-dividend date is Thursday, December 28th. Douglas Emmett’s payout ratio is 173.59%.

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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).

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

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