Douglas Emmett, Inc. (NYSE:DEI) Set to Announce Earnings on Tuesday
Douglas Emmett, Inc. (NYSE:DEI) is set to post its quarterly earnings results after the market closes on Tuesday, August 1st. Analysts expect Douglas Emmett to post earnings of $0.13 per share for the quarter. Douglas Emmett has set its FY17 guidance at $1.85 – $1.95 EPS.
Douglas Emmett (NYSE:DEI) last released its earnings results on Tuesday, May 2nd. The real estate investment trust reported $0.47 EPS for the quarter, hitting the consensus estimate of $0.47. Douglas Emmett had a net margin of 11.97% and a return on equity of 3.06%. The firm had revenue of $170.35 million for the quarter, compared to the consensus estimate of $191.93 million. On average, analysts expect Douglas Emmett to post $1.92 EPS for the current fiscal year and $2.04 EPS for the next fiscal year.
Douglas Emmett, Inc. (NYSE:DEI) opened at 37.90 on Tuesday. The stock has a market cap of $5.86 billion, a P/E ratio of 65.91 and a beta of 0.69. Douglas Emmett, Inc. has a 12-month low of $33.78 and a 12-month high of $40.79. The stock has a 50 day moving average of $38.27 and a 200 day moving average of $38.42.
The firm also recently announced a quarterly dividend, which was paid on Friday, July 14th. Stockholders of record on Friday, June 30th were given a dividend of $0.23 per share. The ex-dividend date was Wednesday, June 28th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.43%. Douglas Emmett’s dividend payout ratio (DPR) is 158.62%.
DEI has been the topic of a number of recent analyst reports. Zacks Investment Research upgraded 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 Tuesday, July 18th. BMO Capital Markets restated a “hold” rating and issued a $39.00 price objective on shares of Douglas Emmett in a report on Tuesday, July 4th. BidaskClub upgraded Douglas Emmett from a “sell” rating to a “hold” rating in a report on Thursday, June 15th. J P Morgan Chase & Co raised their price objective on Douglas Emmett from $38.00 to $40.00 and gave the company a “neutral” rating in a report on Monday, April 3rd. Finally, DA Davidson lowered Douglas Emmett from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $45.00 to $43.00 in a report on Thursday, May 18th. Four investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $39.11.
In other news, Chairman Dan A. Emmett sold 100,000 shares of Douglas Emmett stock in a transaction on Monday, July 24th. The stock was sold at an average price of $37.97, for a total transaction of $3,797,000.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. In the last quarter, insiders have sold 300,000 shares of company stock worth $11,487,000. Insiders own 17.80% of the company’s stock.
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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).
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