Douglas Emmett (NYSE:DEI) Announces Quarterly Earnings Results

Douglas Emmett (NYSE:DEI) released its earnings results on Monday. The real estate investment trust reported $0.54 EPS for the quarter, beating the consensus estimate of $0.53 by $0.01, Bloomberg Earnings reports. Douglas Emmett had a net margin of 13.45% and a return on equity of 3.01%. The firm had revenue of $230.50 million for the quarter, compared to analyst estimates of $226.45 million. During the same period last year, the firm earned $0.51 EPS. The business’s quarterly revenue was up 5.0% compared to the same quarter last year. Douglas Emmett updated its FY 2019 guidance to $2.08-2.12 EPS.

Shares of DEI traded down $0.76 during mid-day trading on Monday, reaching $39.65. The company had a trading volume of 878,045 shares, compared to its average volume of 827,928. The business’s 50 day moving average price is $40.58. Douglas Emmett has a 1-year low of $32.32 and a 1-year high of $42.41. The company has a quick ratio of 2.00, a current ratio of 2.00 and a debt-to-equity ratio of 1.09. The company has a market cap of $6.88 billion, a P/E ratio of 19.63, a price-to-earnings-growth ratio of 3.36 and a beta of 0.70.

The business also recently declared a quarterly dividend, which was paid on Friday, July 12th. Stockholders of record on Friday, June 28th were paid a $0.26 dividend. The ex-dividend date was Thursday, June 27th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.62%. Douglas Emmett’s payout ratio is currently 51.49%.

In other news, Chairman Dan A. Emmett sold 40,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of $40.78, for a total value of $1,631,200.00. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Company insiders own 16.20% of the company’s stock.

Separately, Zacks Investment Research raised shares of Douglas Emmett from a “sell” rating to a “hold” rating in a report on Tuesday, July 30th. Six investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Douglas Emmett has an average rating of “Hold” and a consensus target price of $41.13.

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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Earnings History for Douglas Emmett (NYSE:DEI)

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