Douglas Emmett (DEI) Updates FY18 Earnings Guidance

Douglas Emmett (NYSE:DEI) updated its FY18 earnings guidance on Tuesday. The company provided earnings per share guidance of $1.97-2.03 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.99.

Several research analysts have recently commented on the company. Barclays raised their price target on Douglas Emmett from $36.00 to $37.00 and gave the stock an underweight rating in a research report on Tuesday, January 30th. Stifel Nicolaus restated a buy rating and set a $43.00 price target (up from $42.00) on shares of Douglas Emmett in a research report on Thursday, November 9th. Sandler O’Neill restated a hold rating and set a $42.00 price target on shares of Douglas Emmett in a research report on Tuesday, January 23rd. Zacks Investment Research lowered Douglas Emmett from a hold rating to a sell rating in a research report on Tuesday, January 16th. Finally, Robert W. Baird restated a buy rating and set a $45.00 price target on shares of Douglas Emmett in a research report on Tuesday, January 9th. Four research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average target price of $41.44.

Douglas Emmett (NYSE:DEI) traded up $0.35 on Tuesday, hitting $36.34. The stock had a trading volume of 780,031 shares, compared to its average volume of 836,398. The stock has a market capitalization of $6,092.74, a price-to-earnings ratio of 67.91, a P/E/G ratio of 2.81 and a beta of 0.64. Douglas Emmett has a 1-year low of $34.72 and a 1-year high of $41.59.

The business also recently announced a quarterly dividend, which was paid on Monday, January 15th. Investors of record on Friday, December 29th were issued a $0.25 dividend. 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. This represents a $1.00 dividend on an annualized basis and a yield of 2.75%. Douglas Emmett’s dividend payout ratio (DPR) is 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).

Earnings History and Estimates for Douglas Emmett (NYSE:DEI)

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