Brokerages predict that Douglas Emmett, Inc. (NYSE:DEI) will report sales of $207.64 million for the current quarter, according to Zacks Investment Research. Five analysts have provided estimates for Douglas Emmett’s earnings, with the lowest sales estimate coming in at $187.24 million and the highest estimate coming in at $214.20 million. Douglas Emmett reported sales of $170.35 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 21.9%. The business is scheduled to issue its next earnings report after the market closes on Tuesday, May 8th.
According to Zacks, analysts expect that Douglas Emmett will report full year sales of $844.86 million for the current fiscal year, with estimates ranging from $762.61 million to $889.10 million. For the next fiscal year, analysts anticipate that the firm will report sales of $880.71 million per share, with estimates ranging from $781.42 million to $939.30 million. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that follow Douglas Emmett.
Douglas Emmett (NYSE:DEI) last released its quarterly earnings results on Tuesday, February 13th. The real estate investment trust reported $0.17 EPS for the quarter, missing the Zacks’ consensus estimate of $0.18 by ($0.01). The business had revenue of $209.19 million for the quarter, compared to the consensus estimate of $202.00 million. Douglas Emmett had a return on equity of 2.69% and a net margin of 12.36%.
Large investors have recently bought and sold shares of the company. Tower Research Capital LLC TRC boosted its position in shares of Douglas Emmett by 514.2% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,641 shares of the real estate investment trust’s stock worth $108,000 after purchasing an additional 2,211 shares during the last quarter. Advisors Preferred LLC bought a new position in shares of Douglas Emmett in the 4th quarter worth $165,000. Vident Investment Advisory LLC bought a new position in shares of Douglas Emmett in the 4th quarter worth $215,000. Lourd Capital LLC bought a new position in shares of Douglas Emmett in the 4th quarter worth $312,000. Finally, Xact Kapitalforvaltning AB bought a new position in shares of Douglas Emmett in the 4th quarter worth $368,000. Institutional investors and hedge funds own 98.30% of the company’s stock.
Shares of DEI opened at $35.81 on Friday. The firm has a market capitalization of $5,997.55, a price-to-earnings ratio of 18.85, a PEG ratio of 2.67 and a beta of 0.66. Douglas Emmett has a 52 week low of $34.72 and a 52 week high of $41.59.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 17th. Stockholders of record on Thursday, March 29th will be given a $0.25 dividend. The ex-dividend date is Wednesday, March 28th. This represents a $1.00 annualized dividend and a dividend yield of 2.79%. Douglas Emmett’s dividend payout ratio is currently 52.63%.
About Douglas Emmett
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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