Brokerages expect Douglas Emmett, Inc. (NYSE:DEI) to post sales of $202.65 million for the current quarter, according to Zacks. Six analysts have issued estimates for Douglas Emmett’s earnings, with the highest sales estimate coming in at $215.00 million and the lowest estimate coming in at $180.11 million. Douglas Emmett reported sales of $194.64 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 4.1%. The firm is scheduled to announce its next quarterly earnings report on Tuesday, February 6th.

On average, analysts expect that Douglas Emmett will report full-year sales of $202.65 million for the current year, with estimates ranging from $696.24 million to $817.80 million. For the next year, analysts expect that the firm will report sales of $834.77 million per share, with estimates ranging from $738.39 million to $889.10 million. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that follow Douglas Emmett.

Douglas Emmett (NYSE:DEI) last issued its earnings results on Tuesday, November 7th. The real estate investment trust reported $0.48 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.48. The firm had revenue of $208.75 million for the quarter, compared to analyst estimates of $203.99 million. Douglas Emmett had a return on equity of 2.58% and a net margin of 11.29%. Douglas Emmett’s revenue for the quarter was up 8.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.47 earnings per share.

A number of brokerages recently commented on DEI. TheStreet upgraded Douglas Emmett from a “c+” rating to a “b-” rating in a research report on Wednesday, November 15th. Robert W. Baird upped their price objective on Douglas Emmett from $45.00 to $47.00 and gave the stock an “outperform” rating in a research report on Friday, November 10th. Stifel Nicolaus restated a “buy” rating and issued a $43.00 price objective (up previously from $42.00) on shares of Douglas Emmett in a research report on Thursday, November 9th. Mizuho restated a “hold” rating and issued a $41.00 price objective on shares of Douglas Emmett in a research report on Friday, October 27th. Finally, Zacks Investment Research lowered Douglas Emmett from a “hold” rating to a “sell” rating in a research report on Monday, October 16th. Five equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the company. Douglas Emmett currently has a consensus rating of “Hold” and an average target price of $40.60.

In other news, Chairman Dan A. Emmett sold 100,000 shares of the company’s stock in a transaction that occurred on Friday, September 22nd. The stock was sold at an average price of $38.99, for a total transaction of $3,899,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 17.80% of the company’s stock.

Hedge funds have recently made changes to their positions in the company. Virtu KCG Holdings LLC acquired a new position in shares of Douglas Emmett during the 2nd quarter worth approximately $206,000. Schwab Charles Investment Management Inc. raised its stake in Douglas Emmett by 10.4% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 1,304,547 shares of the real estate investment trust’s stock valued at $49,847,000 after purchasing an additional 123,287 shares during the last quarter. Legal & General Group Plc raised its stake in Douglas Emmett by 11.1% in the 2nd quarter. Legal & General Group Plc now owns 751,696 shares of the real estate investment trust’s stock valued at $28,723,000 after purchasing an additional 75,369 shares during the last quarter. Canada Pension Plan Investment Board raised its stake in Douglas Emmett by 35.6% in the 2nd quarter. Canada Pension Plan Investment Board now owns 29,700 shares of the real estate investment trust’s stock valued at $1,135,000 after purchasing an additional 7,800 shares during the last quarter. Finally, Capital Fund Management S.A. acquired a new position in Douglas Emmett in the 2nd quarter valued at $1,709,000. 96.50% of the stock is owned by institutional investors and hedge funds.

Shares of Douglas Emmett (NYSE:DEI) opened at $40.43 on Wednesday. The company has a market capitalization of $6,936.98, a P/E ratio of 21.65, a P/E/G ratio of 3.35 and a beta of 0.72. Douglas Emmett has a 52-week low of $35.27 and a 52-week high of $41.19.

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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).

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

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