Douglas Emmett, Inc. (NYSE:DEI) – Stock analysts at KeyCorp issued their Q1 2018 earnings per share estimates for shares of Douglas Emmett in a research report issued to clients and investors on Wednesday. KeyCorp analyst C. Mailman expects that the real estate investment trust will post earnings of $0.48 per share for the quarter. KeyCorp has a “Hold” rating on the stock. KeyCorp also issued estimates for Douglas Emmett’s FY2018 earnings at $1.99 EPS.

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

Other equities research analysts also recently issued research reports about the company. Janney Montgomery Scott began coverage on Douglas Emmett in a report on Friday, September 8th. They issued a “neutral” rating on the stock. BidaskClub upgraded Douglas Emmett from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 26th. TheStreet upgraded Douglas Emmett from a “c+” rating to a “b-” rating in a research note on Wednesday, November 15th. Stifel Nicolaus reiterated a “buy” rating and issued a $43.00 price target (up from $42.00) on shares of Douglas Emmett in a research note on Thursday, November 9th. Finally, Zacks Investment Research cut Douglas Emmett from a “hold” rating to a “sell” rating in a research note on Monday, October 16th. Four research analysts have rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $41.38.

Shares of Douglas Emmett (NYSE DEI) opened at $40.62 on Friday. The firm has a market capitalization of $6,814.92, a price-to-earnings ratio of 76.64, a price-to-earnings-growth ratio of 3.31 and a beta of 0.71. Douglas Emmett has a twelve month low of $35.33 and a twelve month high of $41.59.

The company also recently declared a quarterly dividend, which will be paid on Monday, January 15th. Stockholders of record on Friday, December 29th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.46%. This is a boost from Douglas Emmett’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend is Thursday, December 28th. Douglas Emmett’s dividend payout ratio is presently 173.59%.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Cambridge Investment Research Advisors Inc. lifted its stake in shares of Douglas Emmett by 0.4% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 7,581 shares of the real estate investment trust’s stock valued at $290,000 after acquiring an additional 27 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in Douglas Emmett by 0.9% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 21,433 shares of the real estate investment trust’s stock worth $819,000 after purchasing an additional 188 shares during the last quarter. Oppenheimer Asset Management Inc. raised its position in Douglas Emmett by 1.3% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 39,708 shares of the real estate investment trust’s stock worth $1,517,000 after purchasing an additional 495 shares during the last quarter. PNC Financial Services Group Inc. raised its position in Douglas Emmett by 14.4% during the 2nd quarter. PNC Financial Services Group Inc. now owns 4,120 shares of the real estate investment trust’s stock worth $158,000 after purchasing an additional 520 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in Douglas Emmett by 2.2% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 33,439 shares of the real estate investment trust’s stock worth $1,278,000 after purchasing an additional 707 shares during the last quarter. Institutional investors own 96.42% of the company’s stock.

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About Douglas Emmett

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).

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

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