Douglas Emmett, Inc. (DEI) Expected to Post Q2 2017 Earnings of $0.48 Per Share

Douglas Emmett, Inc. (NYSE:DEI) – Stock analysts at DA Davidson raised their Q2 2017 EPS estimates for shares of Douglas Emmett in a research report issued to clients and investors on Wednesday. DA Davidson analyst B. Oxford now expects that the brokerage will post earnings per share of $0.48 for the quarter, up from their previous forecast of $0.46. DA Davidson also issued estimates for Douglas Emmett’s FY2017 earnings at $1.92 EPS.

Douglas Emmett (NYSE:DEI) last released its quarterly earnings data on Tuesday, February 7th. The real estate investment trust reported $0.47 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.36. The business had revenue of $194.64 million for the quarter, compared to analyst estimates of $192.10 million. Douglas Emmett had a return on equity of 3.03% and a net margin of 11.50%. The company’s revenue was up 21.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.41 EPS.

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

DEI has been the subject of several other reports. J P Morgan Chase & Co reaffirmed a “buy” rating and set a $38.00 target price on shares of Douglas Emmett in a report on Friday, November 11th. Zacks Investment Research downgraded Douglas Emmett from a “buy” rating to a “hold” rating in a report on Friday, October 28th. Barclays PLC reduced their target price on Douglas Emmett from $35.00 to $32.00 and set an “underweight” rating for the company in a report on Monday, January 23rd. Wells Fargo & Company downgraded Douglas Emmett from an “outperform” rating to a “market perform” rating in a report on Tuesday, December 13th. Finally, Stifel Nicolaus raised Douglas Emmett from a “sell” rating to a “hold” rating and upped their target price for the company from $30.00 to $38.00 in a report on Wednesday. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $37.38.

Douglas Emmett (NYSE:DEI) opened at 38.94 on Friday. The firm has a market capitalization of $5.90 billion, a price-to-earnings ratio of 70.29 and a beta of 0.76. Douglas Emmett has a 1-year low of $25.04 and a 1-year high of $39.25. The stock has a 50 day moving average price of $37.30 and a 200 day moving average price of $36.82.

The company also recently announced a quarterly dividend, which was paid on Friday, January 13th. Shareholders of record on Friday, December 30th were given a $0.23 dividend. This is a positive change from Douglas Emmett’s previous quarterly dividend of $0.22. This represents a $0.92 annualized dividend and a yield of 2.36%. The ex-dividend date of this dividend was Wednesday, December 28th. Douglas Emmett’s dividend payout ratio is presently 164.29%.

In other Douglas Emmett news, Chairman Dan A. Emmett sold 100,000 shares of the company’s stock in a transaction dated Thursday, January 19th. The stock was sold at an average price of $37.16, for a total value of $3,716,000.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Chairman Dan A. Emmett sold 140,000 shares of the company’s stock in a transaction dated Thursday, November 17th. The stock was sold at an average price of $35.59, for a total value of $4,982,600.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 357,288 shares of company stock worth $13,026,527. Insiders own 23.00% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: This report was originally posted by sleekmoney and is the sole property of of sleekmoney. If you are reading this report on another site, it was illegally stolen and republished in violation of U.S. and international copyright & trademark laws. The legal version of this report can be read at http://sleekmoney.com/douglas-emmett-inc-dei-expected-to-post-q2-2017-earnings-of-0-48-per-share/1655650.html.

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Elkfork Partners LLC purchased a new position in shares of Douglas Emmett during the fourth quarter valued at $219,000. FMR LLC increased its stake in Douglas Emmett by 2.4% in the fourth quarter. FMR LLC now owns 11,879,195 shares of the real estate investment trust’s stock valued at $434,304,000 after buying an additional 282,023 shares during the period. Dimensional Fund Advisors LP increased its stake in Douglas Emmett by 1.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,921,818 shares of the real estate investment trust’s stock valued at $70,259,000 after buying an additional 30,167 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in Douglas Emmett by 0.4% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 21,312 shares of the real estate investment trust’s stock valued at $779,000 after buying an additional 89 shares during the period. Finally, Comerica Bank increased its stake in Douglas Emmett by 6.6% in the fourth quarter. Comerica Bank now owns 106,699 shares of the real estate investment trust’s stock valued at $3,940,000 after buying an additional 6,586 shares during the period. 99.21% of the stock is currently owned by institutional investors.

Douglas Emmett Company Profile

Douglas Emmett, Inc is a self-administered and self-managed real estate investment trust. The Company is owner and operator of office and multifamily properties located in submarkets in California and Hawaii. The Company operates in two segments: the acquisition, development, ownership and management of office real estate, and the acquisition, development, ownership and management of multifamily real estate.

5 Day Chart for NYSE:DEI

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