Douglas Emmett, Inc. (DEI) to Release Earnings on Tuesday
Douglas Emmett, Inc. (NYSE:DEI) will be posting its quarterly earnings results after the market closes on Tuesday, November 7th. Analysts expect Douglas Emmett to post earnings of $0.15 per share for the quarter.
Douglas Emmett (NYSE:DEI) last announced its quarterly earnings data on Tuesday, August 1st. The real estate investment trust reported $0.47 earnings per share for the quarter, missing the consensus estimate of $0.48 by ($0.01). Douglas Emmett had a return on equity of 2.95% and a net margin of 12.00%. The business had revenue of $199.60 million for the quarter, compared to the consensus estimate of $198.60 million. During the same quarter in the prior year, the company earned $0.46 earnings per share. Douglas Emmett’s quarterly revenue was up 6.6% compared to the same quarter last year. On average, analysts expect Douglas Emmett to post $1.9 EPS for the current fiscal year and $2.03 EPS for the next fiscal year.
Shares of Douglas Emmett, Inc. (NYSE:DEI) traded down 0.83% during mid-day trading on Tuesday, hitting $39.25. The company had a trading volume of 21,249 shares. The company has a market capitalization of $6.39 billion, a PE ratio of 67.09 and a beta of 0.70. The company’s 50-day moving average is $39.65 and its 200 day moving average is $38.65. Douglas Emmett, Inc. has a one year low of $33.78 and a one year high of $41.12.
The firm also recently announced a quarterly dividend, which was paid on Friday, October 13th. Investors of record on Friday, September 29th were given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 2.32%. The ex-dividend date of this dividend was Thursday, September 28th. Douglas Emmett’s payout ratio is 155.93%.
Several equities analysts recently commented on the company. Mizuho restated a “hold” rating and set a $41.00 target price on shares of Douglas Emmett in a research report on Friday. Zacks Investment Research cut Douglas Emmett from a “hold” rating to a “sell” rating in a research report on Monday, October 16th. KeyCorp restated a “hold” rating on shares of Douglas Emmett in a research report on Sunday, September 24th. Stifel Nicolaus restated a “buy” rating and set a $42.00 target price on shares of Douglas Emmett in a research report on Thursday, September 21st. Finally, Janney Montgomery Scott assumed coverage on Douglas Emmett in a research report on Friday, September 8th. They set a “neutral” rating for the company. Five investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $39.78.
In other news, Chairman Dan A. Emmett sold 100,000 shares of the business’s stock in a transaction dated Friday, September 22nd. The stock was sold at an average price of $38.99, for a total value of $3,899,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 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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