Douglas Emmett (NYSE:DEI) announced its quarterly earnings results on Tuesday. The real estate investment trust reported $0.17 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.18 by ($0.01), Yahoo Finance reports. The firm had revenue of $209.19 million for the quarter, compared to analysts’ expectations of $202.00 million. Douglas Emmett had a return on equity of 2.58% and a net margin of 11.29%. Douglas Emmett updated its FY18 guidance to $1.97-2.03 EPS.
Douglas Emmett (NYSE:DEI) opened at $36.34 on Wednesday. Douglas Emmett has a 12-month low of $34.72 and a 12-month high of $41.59. The stock has a market capitalization of $6,101.22, a P/E ratio of 68.57, a P/E/G ratio of 2.81 and a beta of 0.64.
The business also recently disclosed a quarterly dividend, which was paid on Monday, January 15th. Investors of record on Friday, December 29th were given a dividend of $0.25 per share. This is an increase from Douglas Emmett’s previous quarterly dividend of $0.23. This represents a $1.00 annualized dividend and a dividend yield of 2.75%. The ex-dividend date was Thursday, December 28th. Douglas Emmett’s payout ratio is currently 188.68%.
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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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