Analysts expect that Douglas Emmett, Inc. (NYSE:DEI) will report earnings of $0.51 per share for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Douglas Emmett’s earnings. The lowest EPS estimate is $0.50 and the highest is $0.51. Douglas Emmett reported earnings of $0.48 per share in the same quarter last year, which would suggest a positive year over year growth rate of 6.3%. The firm is scheduled to announce its next earnings results on Tuesday, November 6th.

On average, analysts expect that Douglas Emmett will report full-year earnings of $2.01 per share for the current financial year, with EPS estimates ranging from $1.99 to $2.03. For the next fiscal year, analysts forecast that the business will report earnings of $2.13 per share, with EPS estimates ranging from $2.09 to $2.17. Zacks Investment Research’s EPS calculations are an average based on a survey of analysts that follow Douglas Emmett.

Douglas Emmett (NYSE:DEI) last posted its quarterly earnings data on Tuesday, July 31st. The real estate investment trust reported $0.19 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.50 by ($0.31). The firm had revenue of $219.47 million during the quarter, compared to analysts’ expectations of $215.12 million. Douglas Emmett had a return on equity of 2.96% and a net margin of 13.94%.

A number of equities analysts have recently commented on the stock. Bank of America raised their target price on shares of Douglas Emmett from $42.00 to $44.00 and gave the stock a “buy” rating in a research report on Monday. Stifel Nicolaus raised their target price on shares of Douglas Emmett from $42.00 to $43.00 and gave the stock a “buy” rating in a research report on Thursday, August 2nd. Mizuho raised shares of Douglas Emmett from a “neutral” rating to a “buy” rating and raised their target price for the stock from $39.00 to $44.00 in a research report on Monday, June 18th. Zacks Investment Research raised shares of Douglas Emmett from a “hold” rating to a “buy” rating and set a $43.00 target price on the stock in a research report on Wednesday, June 6th. Finally, Citigroup raised their target price on shares of Douglas Emmett from $38.00 to $39.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 8th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $41.60.

Shares of NYSE:DEI traded up $0.01 during trading on Friday, reaching $39.20. 49,727 shares of the company were exchanged, compared to its average volume of 878,772. The firm has a market cap of $6.60 billion, a PE ratio of 20.63, a price-to-earnings-growth ratio of 2.87 and a beta of 0.65. Douglas Emmett has a 12-month low of $34.72 and a 12-month high of $41.59. The company has a debt-to-equity ratio of 1.04, a quick ratio of 2.30 and a current ratio of 2.30.

In other Douglas Emmett news, Director William E. Simon, Jr. acquired 7,700 shares of the business’s stock in a transaction that occurred on Friday, June 1st. The shares were bought at an average cost of $38.55 per share, with a total value of $296,835.00. Following the completion of the acquisition, the director now directly owns 9,700 shares in the company, valued at approximately $373,935. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 16.20% of the company’s stock.

A number of hedge funds have recently modified their holdings of DEI. Wells Fargo & Company MN increased its holdings in Douglas Emmett by 2.0% during the first quarter. Wells Fargo & Company MN now owns 136,468 shares of the real estate investment trust’s stock valued at $5,018,000 after buying an additional 2,713 shares during the period. Meag Munich Ergo Kapitalanlagegesellschaft MBH increased its holdings in Douglas Emmett by 6.9% during the first quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH now owns 215,560 shares of the real estate investment trust’s stock valued at $7,895,000 after buying an additional 13,900 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its holdings in Douglas Emmett by 7.3% during the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 24,912 shares of the real estate investment trust’s stock valued at $916,000 after buying an additional 1,702 shares during the period. Sumitomo Mitsui Trust Holdings Inc. increased its holdings in Douglas Emmett by 5.9% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 153,688 shares of the real estate investment trust’s stock valued at $5,650,000 after buying an additional 8,575 shares during the period. Finally, Westpac Banking Corp increased its holdings in Douglas Emmett by 27.8% during the first quarter. Westpac Banking Corp now owns 233,088 shares of the real estate investment trust’s stock valued at $8,568,000 after buying an additional 50,747 shares during the period. 95.27% of the stock is currently owned by institutional investors.

About Douglas Emmett

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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