Douglas Emmett (NYSE:DEI) Announces Earnings Results, Misses Estimates By $0.36 EPS

Douglas Emmett (NYSE:DEIGet Rating) released its quarterly earnings results on Tuesday. The real estate investment trust reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.36), MarketWatch Earnings reports. Douglas Emmett had a return on equity of 1.99% and a net margin of 9.09%. The business had revenue of $238.88 million for the quarter, compared to the consensus estimate of $240.76 million. During the same period in the prior year, the business posted $0.44 earnings per share. Douglas Emmett’s revenue was up 10.4% compared to the same quarter last year. Douglas Emmett updated its FY22 guidance to $2.02 to $2.08 EPS.

DEI opened at $29.49 on Friday. The company’s 50 day moving average is $31.99 and its 200-day moving average is $32.98. Douglas Emmett has a 1-year low of $28.70 and a 1-year high of $36.97. The company has a current ratio of 3.19, a quick ratio of 3.19 and a debt-to-equity ratio of 1.26. The company has a market cap of $5.18 billion, a P/E ratio of 67.02, a PEG ratio of 2.77 and a beta of 0.84.

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 19th. Stockholders of record on Thursday, March 31st were paid a $0.28 dividend. The ex-dividend date of this dividend was Wednesday, March 30th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 3.80%. Douglas Emmett’s payout ratio is currently 254.55%.

Institutional investors and hedge funds have recently bought and sold shares of the company. Jane Street Group LLC boosted its position in Douglas Emmett by 126.9% during the 3rd quarter. Jane Street Group LLC now owns 18,089 shares of the real estate investment trust’s stock worth $572,000 after buying an additional 10,116 shares during the period. LPL Financial LLC boosted its position in Douglas Emmett by 5.7% during the 3rd quarter. LPL Financial LLC now owns 18,511 shares of the real estate investment trust’s stock worth $585,000 after buying an additional 991 shares during the period. Metropolitan Life Insurance Co NY boosted its position in Douglas Emmett by 6.4% during the 4th quarter. Metropolitan Life Insurance Co NY now owns 42,788 shares of the real estate investment trust’s stock worth $1,433,000 after buying an additional 2,556 shares during the period. Vident Investment Advisory LLC boosted its position in Douglas Emmett by 2.2% during the 4th quarter. Vident Investment Advisory LLC now owns 45,924 shares of the real estate investment trust’s stock worth $1,538,000 after buying an additional 976 shares during the period. Finally, Sei Investments Co. boosted its position in Douglas Emmett by 16.9% during the 4th quarter. Sei Investments Co. now owns 64,720 shares of the real estate investment trust’s stock worth $2,154,000 after buying an additional 9,357 shares during the period. Institutional investors own 97.71% of the company’s stock.

A number of research firms recently commented on DEI. Zacks Investment Research lowered shares of Douglas Emmett from a “buy” rating to a “hold” rating in a research report on Monday, January 17th. StockNews.com started coverage on shares of Douglas Emmett in a research report on Thursday, March 31st. They set a “hold” rating on the stock. Raymond James upgraded shares of Douglas Emmett from a “market perform” rating to an “outperform” rating and set a $41.00 price objective on the stock in a research note on Monday, January 10th. Finally, Evercore ISI upgraded shares of Douglas Emmett from an “in-line” rating to an “outperform” rating and set a $37.00 price objective on the stock in a research note on Thursday, March 3rd. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, Douglas Emmett has a consensus rating of “Buy” and an average price target of $39.67.

Douglas Emmett Company Profile (Get Rating)

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.

See Also

Earnings History for Douglas Emmett (NYSE:DEI)

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