Douglas Emmett (NYSE:DEI) Releases FY 2019 Earnings Guidance

Douglas Emmett (NYSE:DEI) updated its FY 2019 earnings guidance on Monday. The company provided earnings per share (EPS) guidance of $2.08-2.12 for the period.

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

NYSE DEI traded down $0.76 on Monday, hitting $39.65. 878,045 shares of the company traded hands, compared to its average volume of 827,928. The firm 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 company has a quick ratio of 2.00, a current ratio of 2.00 and a debt-to-equity ratio of 1.09. The business has a 50 day simple moving average of $40.58. Douglas Emmett has a 52-week low of $32.32 and a 52-week high of $42.41.

Douglas Emmett (NYSE:DEI) last released its earnings results on Thursday, May 2nd. The real estate investment trust reported $0.52 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.52. The company had revenue of $224.19 million for the quarter, compared to the consensus estimate of $227.52 million. Douglas Emmett had a return on equity of 3.01% and a net margin of 13.45%. Douglas Emmett’s quarterly revenue was up 5.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.49 earnings per share. As a group, analysts anticipate that Douglas Emmett will post 2.11 EPS for the current year.

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

In other news, Chairman Dan A. Emmett sold 40,000 shares of the business’s stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $40.78, for a total value of $1,631,200.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 16.20% of the stock is owned by insiders.

Douglas Emmett Company Profile

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 and Estimates for Douglas Emmett (NYSE:DEI)

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