Douglas Emmett, Inc. Forecasted to Earn Q1 2019 Earnings of $0.51 Per Share (DEI)
Douglas Emmett, Inc. (NYSE:DEI) – Analysts at DA Davidson issued their Q1 2019 earnings per share (EPS) estimates for Douglas Emmett in a research report issued to clients and investors on Wednesday. DA Davidson analyst B. Oxford forecasts that the real estate investment trust will post earnings per share of $0.51 for the quarter. DA Davidson also issued estimates for Douglas Emmett’s Q2 2019 earnings at $0.52 EPS, Q3 2019 earnings at $0.52 EPS and FY2019 earnings at $2.08 EPS.
Douglas Emmett (NYSE:DEI) last issued its earnings results on Tuesday, November 7th. The real estate investment trust reported $0.48 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.48. The firm had revenue of $208.75 million during the quarter, compared to analyst estimates of $203.99 million. Douglas Emmett had a net margin of 11.29% and a return on equity of 2.71%. The company’s quarterly revenue was up 8.7% on a year-over-year basis. During the same quarter last year, the business earned $0.47 earnings per share.
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A number of other equities analysts have also weighed in on the stock. Stifel Nicolaus reiterated a “buy” rating and set a $43.00 target price (up previously from $42.00) on shares of Douglas Emmett in a research report on Thursday. Mizuho restated a “hold” rating and issued a $41.00 price objective on shares of Douglas Emmett in a research report on Friday, October 27th. Zacks Investment Research lowered shares of 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. Finally, Janney Montgomery Scott initiated coverage on shares of Douglas Emmett in a research report on Friday, September 8th. They issued a “neutral” rating for the company. Five research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $39.89.
Shares of Douglas Emmett (NYSE DEI) traded up $0.11 during trading hours on Thursday, reaching $40.09. 220,021 shares of the company’s stock were exchanged, compared to its average volume of 498,727. The company has a market capitalization of $6,581.79, a price-to-earnings ratio of 21.38, a PEG ratio of 3.24 and a beta of 0.72. Douglas Emmett has a 12-month low of $33.78 and a 12-month high of $41.12.
A number of institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. lifted its position in Douglas Emmett by 0.7% during the second quarter. Vanguard Group Inc. now owns 23,050,527 shares of the real estate investment trust’s stock valued at $880,761,000 after purchasing an additional 152,639 shares during the last quarter. BlackRock Inc. raised its stake in shares of Douglas Emmett by 3.6% during the second quarter. BlackRock Inc. now owns 16,639,474 shares of the real estate investment trust’s stock worth $635,797,000 after acquiring an additional 576,163 shares in the last quarter. FMR LLC raised its stake in shares of Douglas Emmett by 9.8% during the second quarter. FMR LLC now owns 11,749,721 shares of the real estate investment trust’s stock worth $448,956,000 after acquiring an additional 1,049,842 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of Douglas Emmett by 12.8% during the second quarter. Bank of New York Mellon Corp now owns 7,582,021 shares of the real estate investment trust’s stock worth $289,711,000 after acquiring an additional 863,062 shares in the last quarter. Finally, Daiwa Securities Group Inc. raised its stake in shares of Douglas Emmett by 4.0% during the third quarter. Daiwa Securities Group Inc. now owns 6,425,963 shares of the real estate investment trust’s stock worth $253,311,000 after acquiring an additional 247,203 shares in the last quarter. Institutional investors and hedge funds own 96.26% of the company’s stock.
In other Douglas Emmett news, Chairman Dan A. Emmett sold 100,000 shares of Douglas Emmett stock in a transaction that occurred on Thursday, August 17th. The shares were sold at an average price of $37.96, for a total transaction of $3,796,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 17.80% of the company’s stock.
The business also recently announced a quarterly dividend, which was paid on Friday, October 13th. Shareholders of record on Friday, September 29th were given a dividend of $0.23 per share. The ex-dividend date was Thursday, September 28th. This represents a $0.92 annualized dividend and a yield of 2.29%. Douglas Emmett’s payout ratio is presently 173.59%.
About Douglas Emmett
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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