DA Davidson Comments on Douglas Emmett, Inc.’s Q2 2018 Earnings (DEI)

Douglas Emmett, Inc. (NYSE:DEI) – Analysts at DA Davidson cut their Q2 2018 earnings per share estimates for Douglas Emmett in a note issued to investors on Wednesday. DA Davidson analyst B. Oxford now anticipates that the real estate investment trust will post earnings of $0.49 per share for the quarter, down from their previous estimate of $0.50. DA Davidson also issued estimates for Douglas Emmett’s Q4 2018 earnings at $0.50 EPS and FY2018 earnings at $1.99 EPS.

Other analysts have also issued research reports about the company. Stifel Nicolaus lowered their target price on Douglas Emmett from $43.00 to $40.00 and set a “buy” rating on the stock in a report on Thursday. BMO Capital Markets set a $39.00 target price on Douglas Emmett and gave the company a “hold” rating in a report on Tuesday. Barclays raised their target price on Douglas Emmett from $36.00 to $37.00 and gave the company an “underweight” rating in a report on Tuesday, January 30th. TheStreet raised Douglas Emmett from a “c+” rating to a “b-” rating in a report on Wednesday, November 15th. Finally, Sandler O’Neill reaffirmed a “hold” rating and issued a $42.00 target price on shares of Douglas Emmett in a report on Tuesday, January 23rd. Four research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $41.11.

Shares of Douglas Emmett (NYSE DEI) opened at $36.13 on Thursday. The stock has a market capitalization of $6,160.55, a P/E ratio of 63.39, a price-to-earnings-growth ratio of 2.81 and a beta of 0.64. Douglas Emmett has a fifty-two week low of $34.72 and a fifty-two week high of $41.59.

Douglas Emmett (NYSE:DEI) last released its earnings results on Tuesday, February 13th. The real estate investment trust reported $0.17 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.18 by ($0.01). The business had revenue of $209.19 million during the quarter, compared to analyst estimates of $202.00 million. Douglas Emmett had a net margin of 12.36% and a return on equity of 2.80%.

Several hedge funds have recently made changes to their positions in the business. PNC Financial Services Group Inc. lifted its position in shares of Douglas Emmett by 14.4% in 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 acquiring an additional 520 shares during the period. Public Employees Retirement System of Ohio lifted its position in shares of Douglas Emmett by 0.5% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 229,041 shares of the real estate investment trust’s stock worth $8,752,000 after acquiring an additional 1,241 shares during the period. New Mexico Educational Retirement Board lifted its position in shares of Douglas Emmett by 6.7% in the 3rd quarter. New Mexico Educational Retirement Board now owns 22,353 shares of the real estate investment trust’s stock worth $881,000 after acquiring an additional 1,400 shares during the period. Public Employees Retirement Association of Colorado lifted its position in shares of Douglas Emmett by 4.2% in the 4th quarter. Public Employees Retirement Association of Colorado now owns 36,347 shares of the real estate investment trust’s stock worth $1,492,000 after acquiring an additional 1,455 shares during the period. Finally, Sumitomo Mitsui Asset Management Company LTD lifted its position in shares of Douglas Emmett by 18.7% in the 4th quarter. Sumitomo Mitsui Asset Management Company LTD now owns 9,421 shares of the real estate investment trust’s stock worth $386,000 after acquiring an additional 1,482 shares during the period. Institutional investors own 96.41% 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).

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

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