Equities research analysts expect Douglas Emmett, Inc. (NYSE:DEI) to announce $202.65 million in sales for the current quarter, Zacks Investment Research reports. Six analysts have issued estimates for Douglas Emmett’s earnings, with the highest sales estimate coming in at $215.00 million and the lowest estimate coming in at $180.11 million. Douglas Emmett reported sales of $194.64 million during the same quarter last year, which indicates a positive year-over-year growth rate of 4.1%. The company is scheduled to announce its next earnings results after the market closes on Tuesday, February 13th.
According to Zacks, analysts expect that Douglas Emmett will report full year sales of $202.65 million for the current financial year, with estimates ranging from $696.24 million to $817.80 million. For the next fiscal year, analysts anticipate that the business will report sales of $834.77 million per share, with estimates ranging from $738.39 million to $889.10 million. Zacks’ sales calculations are an average based on a survey of research analysts that that provide coverage for Douglas Emmett.
Douglas Emmett (NYSE:DEI) last released its earnings results on Tuesday, November 7th. The real estate investment trust reported $0.48 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.48. The firm had revenue of $208.75 million for the quarter, compared to analyst estimates of $203.99 million. Douglas Emmett had a return on equity of 2.58% and a net margin of 11.29%. The company’s revenue was up 8.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.47 EPS.
Large investors have recently made changes to their positions in the company. PNC Financial Services Group Inc. grew its holdings in shares of Douglas Emmett by 14.4% during the 2nd quarter. PNC Financial Services Group Inc. now owns 4,120 shares of the real estate investment trust’s stock worth $158,000 after purchasing an additional 520 shares in the last quarter. Advisor Group Inc. grew its holdings in shares of Douglas Emmett by 451.6% during the 3rd quarter. Advisor Group Inc. now owns 4,065 shares of the real estate investment trust’s stock worth $160,000 after purchasing an additional 3,328 shares in the last quarter. Virtu KCG Holdings LLC acquired a new stake in shares of Douglas Emmett during the 2nd quarter worth approximately $206,000. Timber Hill LLC acquired a new stake in shares of Douglas Emmett during the 3rd quarter worth approximately $206,000. Finally, CIBC Asset Management Inc acquired a new stake in shares of Douglas Emmett during the 3rd quarter worth approximately $206,000. 96.50% of the stock is currently owned by institutional investors.
Shares of Douglas Emmett (NYSE DEI) opened at $38.56 on Friday. The stock has a market capitalization of $6,519.94, a P/E ratio of 72.76, a price-to-earnings-growth ratio of 3.00 and a beta of 0.71. Douglas Emmett has a fifty-two week low of $36.60 and a fifty-two week high of $41.59.
The company also recently disclosed a quarterly dividend, which was paid on Monday, January 15th. Stockholders of record on Friday, December 29th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 2.59%. The ex-dividend date of this dividend was Thursday, December 28th. This is a positive change from Douglas Emmett’s previous quarterly dividend of $0.23. Douglas Emmett’s dividend payout ratio (DPR) is presently 188.68%.
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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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