What is Wedbush's Forecast for Douglas Emmett Q4 Earnings?

Douglas Emmett, Inc. (NYSE:DEI - Free Report) - Investment analysts at Wedbush boosted their Q4 2024 earnings estimates for Douglas Emmett in a research note issued on Wednesday, November 13th. Wedbush analyst R. Anderson now anticipates that the real estate investment trust will post earnings per share of $0.38 for the quarter, up from their prior estimate of $0.37. The consensus estimate for Douglas Emmett's current full-year earnings is $1.70 per share. Wedbush also issued estimates for Douglas Emmett's FY2025 earnings at $1.54 EPS.

Douglas Emmett (NYSE:DEI - Get Free Report) last issued its quarterly earnings data on Monday, November 4th. The real estate investment trust reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.41 by ($0.38). The business had revenue of $250.75 million during the quarter, compared to analyst estimates of $242.75 million. Douglas Emmett had a negative return on equity of 0.43% and a negative net margin of 1.68%. Douglas Emmett's revenue for the quarter was down 1.8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.45 EPS.

DEI has been the topic of a number of other reports. Citigroup upped their price objective on shares of Douglas Emmett from $14.00 to $16.00 and gave the company a "neutral" rating in a research note on Thursday, September 12th. Evercore ISI increased their price target on shares of Douglas Emmett from $16.00 to $19.00 and gave the company an "in-line" rating in a research report on Thursday, November 7th. JPMorgan Chase & Co. increased their price target on shares of Douglas Emmett from $15.00 to $18.00 and gave the company a "neutral" rating in a research report on Monday, September 9th. Piper Sandler increased their target price on shares of Douglas Emmett from $15.00 to $16.00 and gave the stock a "neutral" rating in a research report on Monday, August 12th. Finally, Scotiabank upgraded shares of Douglas Emmett from a "sector perform" rating to a "sector outperform" rating and increased their target price for the stock from $16.00 to $21.00 in a research report on Thursday. Six research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $17.43.

Douglas Emmett Price Performance

Shares of Douglas Emmett stock traded down $0.37 during midday trading on Monday, hitting $18.02. 598,701 shares of the company traded hands, compared to its average volume of 1,654,746. The stock has a market cap of $3.02 billion, a price-to-earnings ratio of -183.90 and a beta of 1.10. The company has a debt-to-equity ratio of 1.51, a quick ratio of 5.11 and a current ratio of 4.09. The firm's fifty day moving average price is $17.79 and its 200-day moving average price is $15.58. Douglas Emmett has a 12 month low of $11.08 and a 12 month high of $19.59.

Institutional Investors Weigh In On Douglas Emmett

A number of institutional investors have recently added to or reduced their stakes in the stock. Geode Capital Management LLC grew its holdings in Douglas Emmett by 0.7% during the 3rd quarter. Geode Capital Management LLC now owns 4,171,839 shares of the real estate investment trust's stock valued at $73,312,000 after buying an additional 26,961 shares in the last quarter. Barclays PLC boosted its position in shares of Douglas Emmett by 3.8% during the 3rd quarter. Barclays PLC now owns 293,446 shares of the real estate investment trust's stock valued at $5,155,000 after acquiring an additional 10,653 shares during the last quarter. Public Employees Retirement System of Ohio boosted its position in shares of Douglas Emmett by 0.7% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 243,939 shares of the real estate investment trust's stock valued at $4,286,000 after acquiring an additional 1,794 shares during the last quarter. Nomura Asset Management Co. Ltd. lifted its position in shares of Douglas Emmett by 0.6% during the third quarter. Nomura Asset Management Co. Ltd. now owns 211,400 shares of the real estate investment trust's stock worth $3,714,000 after purchasing an additional 1,300 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd purchased a new position in shares of Douglas Emmett during the third quarter valued at $428,000. 97.37% of the stock is owned by hedge funds and other institutional investors.

Douglas Emmett Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 16th. Shareholders of record on Monday, September 30th were issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 4.22%. The ex-dividend date of this dividend was Monday, September 30th. Douglas Emmett's dividend payout ratio (DPR) is currently -760.00%.

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.