Fiscal 2021 profit estimate for Douglas Emmett, Inc. released by Jefferies Financial Group (NYSE: DEI)

Douglas Emmett, Inc. (NYSE: DEI) – Analysts at Jefferies Financial Group increased their earnings estimates for fiscal 2021 for shares of Douglas Emmett in a research note released to investors on Monday, January 10. Jefferies Financial Group analyst P. Abramowitz now predicts the real estate investment trust will earn $ 1.87 per share for the year, up from its previous estimate of $ 1.83. Jefferies Financial Group also released estimates for Douglas Emmett’s Q4 2021 earnings at $ 0.49 EPS, Q1 2022 earnings at $ 0.51 EPS, Q2 2022 earnings at $ 0.52 EPS, Q3 2022 earnings. at $ 0.52 EPS, Q4 2022 earnings at $ 0.53 EPS, FY2022 earnings at $ 2.08 EPS, Q1 2023 earnings at $ 0.55 per share, Q4 2023 earnings at 0.56 $ per share, 2023 earnings at $ 2.21 per share and 2024 earnings at $ 2.34 per share.

Several other stock analysts have also recently published reports on the company. Zacks Investment Research lifted Douglas Emmett from a “hold” rating to a “buy” rating and set a price target of $ 40.00 for the company in a research report released Friday. Wells Fargo & Company downgraded Douglas Emmett from an “equal weight” rating to an “overweight” rating and set a price target of $ 38.00 for the company in a research note on Tuesday, December 14. Finally, Raymond James downgraded Douglas Emmett from a “market performance” rating to an “outperformance” rating and set a price target of $ 41.00 for the stock in a report released Monday. Five research analysts rated the stock with a buy rating. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $ 40.20.

Douglas Emmett stock opened at $ 36.00 on Tuesday. Douglas Emmett has a 52-week low of $ 26.45 and a 52-week high of $ 36.97. The company has a debt to equity ratio of 1.27, a current ratio of 2.98, and a quick ratio of 2.98. The company has a market cap of $ 6.32 billion, a price-to-earnings ratio of 102.86, a price-to-earnings-growth ratio of 3.35, and a beta of 0.83. The company’s 50-day moving average price is $ 34.38. Douglas Emmett (NYSE: DEI) last released his results on Tuesday, November 2. The real estate investment trust reported earnings of $ 0.10 per share (EPS) for the quarter, missing analyst consensus estimates of $ 0.45 ($ 0.35). Douglas Emmett had a net margin of 7.11% and a return on equity of 1.60%. During the same period of the previous year, the company achieved earnings per share of $ 0.40.

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The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 19. Investors of record on Friday, December 31 will receive a dividend of $ 0.28 per share. The ex-dividend date for this dividend is Thursday, December 30. This represents an annualized dividend of $ 1.12 and a return of 3.11%. Douglas Emmett’s dividend payout ratio is currently 320.01%.

A number of institutional investors have recently changed their holdings in the company. Dark Forest Capital Management LP purchased a new position in Douglas Emmett shares during the 2nd quarter valued at approximately $ 37,000. AGF Investments Inc. acquired a new position in Douglas Emmett in the third quarter valued at approximately $ 183,000. CIBC Asset Management Inc. purchased a new position in Douglas Emmett shares in the third quarter valued at $ 202,000. Inspire Investing LLC acquired a new equity stake in Douglas Emmett during the 3rd quarter valued at $ 227,000. Finally, Van ECK Associates Corp increased its stake in Douglas Emmett shares by 15.6% in the 3rd quarter. Van ECK Associates Corp now owns 7,807 real estate investment trust shares worth $ 247,000 after acquiring an additional 1,055 shares in the last quarter. Hedge funds and other institutional investors hold 93.03% of the company’s shares.

Douglas Emmett Company Profile

Douglas Emmett, Inc. is a real estate investment trust, which engages in the acquisition, development, ownership and management of real estate properties. It operates through the following segments: Office and Multifamily. The Offices segment comprises the rental of office space and other tenant services, including the rental of parking and storage space.

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History and earnings estimates for Douglas Emmett (NYSE: DEI)

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