Equities analysts expect Douglas Emmett, Inc. (NYSE:DEI) to post $234.50 million in sales for the current fiscal quarter, according to Zacks Investment Research. Four analysts have made estimates for Douglas Emmett’s earnings, with the lowest sales estimate coming in at $226.33 million and the highest estimate coming in at $242.88 million. Douglas Emmett posted sales of $226.29 million during the same quarter last year, which suggests a positive year over year growth rate of 3.6%. The firm is scheduled to announce its next earnings report on Tuesday, February 11th.
On average, analysts expect that Douglas Emmett will report full year sales of $923.30 million for the current year, with estimates ranging from $902.93 million to $941.26 million. For the next fiscal year, analysts forecast that the firm will report sales of $955.81 million, with estimates ranging from $924.67 million to $989.72 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of analysts that follow Douglas Emmett.
Douglas Emmett (NYSE:DEI) last issued its earnings results on Tuesday, November 5th. The real estate investment trust reported $0.13 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.51 by ($0.38). Douglas Emmett had a net margin of 12.05% and a return on equity of 2.83%. The firm had revenue of $238.07 million during the quarter, compared to the consensus estimate of $237.69 million. During the same period in the previous year, the company posted $0.51 EPS. The firm’s revenue for the quarter was up 6.6% on a year-over-year basis.
NYSE:DEI traded down $0.76 during trading hours on Tuesday, hitting $42.39. The stock had a trading volume of 2,122,687 shares, compared to its average volume of 790,981. Douglas Emmett has a one year low of $32.32 and a one year high of $45.08. The company has a debt-to-equity ratio of 1.05, a quick ratio of 2.38 and a current ratio of 2.38. The company has a market cap of $7.70 billion, a price-to-earnings ratio of 20.99, a P/E/G ratio of 3.31 and a beta of 0.66. The business’s 50 day moving average is $43.66 and its 200-day moving average is $41.95.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be issued a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 2.64%. The ex-dividend date is Monday, December 30th. This is a boost from Douglas Emmett’s previous quarterly dividend of $0.26. Douglas Emmett’s dividend payout ratio is 51.49%.
Institutional investors have recently added to or reduced their stakes in the company. State Street Corp lifted its stake in Douglas Emmett by 2.5% in the third quarter. State Street Corp now owns 8,759,829 shares of the real estate investment trust’s stock worth $377,432,000 after acquiring an additional 215,664 shares during the period. Zimmer Partners LP increased its position in shares of Douglas Emmett by 459.7% during the 2nd quarter. Zimmer Partners LP now owns 6,507,082 shares of the real estate investment trust’s stock valued at $259,242,000 after purchasing an additional 5,344,582 shares during the last quarter. Renaissance Technologies LLC increased its position in shares of Douglas Emmett by 17.3% during the 2nd quarter. Renaissance Technologies LLC now owns 4,798,800 shares of the real estate investment trust’s stock valued at $191,184,000 after purchasing an additional 706,200 shares during the last quarter. Boston Partners increased its position in shares of Douglas Emmett by 6.2% during the 3rd quarter. Boston Partners now owns 3,941,764 shares of the real estate investment trust’s stock valued at $168,836,000 after purchasing an additional 231,829 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its position in shares of Douglas Emmett by 45.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 2,915,912 shares of the real estate investment trust’s stock valued at $116,170,000 after purchasing an additional 904,350 shares during the last quarter. Institutional investors own 94.08% of the company’s stock.
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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