Zacks: Brokerages Expect Douglas Emmett, Inc. (DEI) to Post $0.51 Earnings Per Share

Brokerages forecast that Douglas Emmett, Inc. (NYSE:DEI) will announce earnings of $0.51 per share for the current quarter, according to Zacks. Three analysts have issued estimates for Douglas Emmett’s earnings. The lowest EPS estimate is $0.50 and the highest is $0.51. Douglas Emmett posted earnings per share of $0.48 during the same quarter last year, which suggests a positive year over year growth rate of 6.3%. The business is expected to report its next quarterly earnings report on Tuesday, November 6th.

According to Zacks, analysts expect that Douglas Emmett will report full year earnings of $2.02 per share for the current financial year, with EPS estimates ranging from $2.00 to $2.03. For the next year, analysts expect that the company will post earnings of $2.13 per share, with EPS estimates ranging from $2.09 to $2.17. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research analysts that follow Douglas Emmett.

Douglas Emmett (NYSE:DEI) last issued its quarterly earnings results on Tuesday, July 31st. The real estate investment trust reported $0.19 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.50 by ($0.31). The company had revenue of $219.47 million for the quarter, compared to analyst estimates of $215.12 million. Douglas Emmett had a net margin of 13.94% and a return on equity of 2.96%.

A number of equities research analysts have recently commented on the stock. Bank of America reduced their target price on shares of Douglas Emmett from $44.00 to $42.50 and set a “buy” rating for the company in a research report on Monday, September 10th. Barclays raised their price objective on shares of Douglas Emmett from $38.00 to $39.00 and gave the stock an “underweight” rating in a research report on Thursday, August 30th. Citigroup raised their price objective on shares of Douglas Emmett from $38.00 to $39.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 8th. Stifel Nicolaus raised their price objective on shares of Douglas Emmett from $42.00 to $43.00 and gave the stock a “buy” rating in a research report on Thursday, August 2nd. Finally, Zacks Investment Research cut shares of Douglas Emmett from a “buy” rating to a “hold” rating in a research report on Wednesday, July 25th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company’s stock. Douglas Emmett has a consensus rating of “Hold” and an average target price of $41.65.

Shares of NYSE DEI traded down $0.16 during mid-day trading on Friday, reaching $38.58. The company’s stock had a trading volume of 1,095,922 shares, compared to its average volume of 1,184,842. The stock has a market capitalization of $6.57 billion, a price-to-earnings ratio of 20.31, a price-to-earnings-growth ratio of 2.84 and a beta of 0.59. The company has a quick ratio of 2.30, a current ratio of 2.30 and a debt-to-equity ratio of 1.04. Douglas Emmett has a 1-year low of $34.72 and a 1-year high of $41.59.

Institutional investors have recently added to or reduced their stakes in the stock. Qube Research & Technologies Ltd purchased a new position in Douglas Emmett during the second quarter worth about $165,000. Natixis purchased a new position in Douglas Emmett during the second quarter worth about $218,000. Cadence Capital Management LLC purchased a new position in Douglas Emmett during the second quarter worth about $250,000. CIBC Asset Management Inc purchased a new position in Douglas Emmett during the second quarter worth about $254,000. Finally, Koch Industries Inc. purchased a new position in Douglas Emmett during the first quarter worth about $278,000. Hedge funds and other institutional investors own 95.36% of the company’s stock.

Douglas Emmett Company Profile

Douglas Emmett, Inc (DEI) is a fully integrated, self-administered and self-managed real estate investment trust (REIT), and one of the largest owners and operators of high-quality office and multifamily properties located in the premier coastal submarkets of Los Angeles and Honolulu. Douglas Emmett focuses on owning and acquiring a substantial share of top-tier office properties and premier multifamily communities in neighborhoods that possess significant supply constraints, high-end executive housing and key lifestyle amenities.

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

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