Equities research analysts predict that Douglas Emmett, Inc. (NYSE:DEI – Get Rating) will announce $240.68 million in sales for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for Douglas Emmett’s earnings. The highest sales estimate is $241.40 million and the lowest is $239.44 million. Douglas Emmett posted sales of $216.30 million in the same quarter last year, which suggests a positive year-over-year growth rate of 11.3%. The business is expected to report its next quarterly earnings results after the market closes on Monday, January 1st.
On average, analysts expect that Douglas Emmett will report full year sales of $981.04 million for the current fiscal year, with estimates ranging from $975.06 million to $987.99 million. For the next fiscal year, analysts anticipate that the firm will report sales of $1.04 billion, with estimates ranging from $1.03 billion to $1.06 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that follow Douglas Emmett.
Douglas Emmett (NYSE:DEI – Get Rating) last posted its quarterly earnings results on Monday, February 7th. The real estate investment trust reported $0.11 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.48 by ($0.37). Douglas Emmett had a net margin of 7.38% and a return on equity of 1.64%. The firm had revenue of $238.85 million for the quarter, compared to analysts’ expectations of $239.33 million. During the same period last year, the firm posted $0.46 EPS. Douglas Emmett’s revenue was up 10.9% on a year-over-year basis.
Institutional investors have recently modified their holdings of the company. Fifth Third Bancorp boosted its position in shares of Douglas Emmett by 82.4% in the fourth quarter. Fifth Third Bancorp now owns 748 shares of the real estate investment trust’s stock worth $25,000 after buying an additional 338 shares during the period. Allworth Financial LP raised its holdings in shares of Douglas Emmett by 132.3% during the fourth quarter. Allworth Financial LP now owns 950 shares of the real estate investment trust’s stock worth $32,000 after acquiring an additional 541 shares in the last quarter. Lazard Asset Management LLC purchased a new stake in shares of Douglas Emmett during the fourth quarter worth $72,000. AGF Investments Inc. purchased a new stake in shares of Douglas Emmett during the third quarter worth $183,000. Finally, CIBC Asset Management Inc purchased a new stake in shares of Douglas Emmett during the third quarter worth $202,000. 95.20% of the stock is owned by institutional investors and hedge funds.
DEI traded up $0.24 on Friday, reaching $31.04. The company’s stock had a trading volume of 20,552 shares, compared to its average volume of 1,151,760. The firm has a market cap of $5.45 billion, a PE ratio of 85.56, a price-to-earnings-growth ratio of 2.90 and a beta of 0.81. Douglas Emmett has a 1 year low of $29.38 and a 1 year high of $36.97. The company has a debt-to-equity ratio of 1.26, a quick ratio of 3.19 and a current ratio of 3.19. The firm has a 50 day moving average of $32.27.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 19th. Stockholders of record on Thursday, March 31st will be given a $0.28 dividend. The ex-dividend date is Wednesday, March 30th. This represents a $1.12 annualized dividend and a dividend yield of 3.61%. Douglas Emmett’s dividend payout ratio (DPR) is presently 311.11%.
Douglas Emmett Company Profile (Get Rating)
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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