Douglas Emmett, Inc. (NYSE:DEI) is set to announce third quarter earning results on Monday 2nd November 2020, after market close.
Analysts surveyed by Thomson Reuters are predicting, DEI to report 3Q20 income of $ 0.03 per share.
For the full year, analysts anticipate top line of $ 908.56 million, while looking forward to income of $ 0.25 per share bottom line.
The Company Outlook
Full Year 2020 bottomline are predicted in a range of $ 2.23 ~ $ 2.29 per share
Click Here For More Historical Outlooks Of Douglas Emmett, Inc.
Previous Quarter Performance
Douglas Emmett, Inc. outlined income for the second quarter of $ 0.39 per share, from the revenue of $ 207.80 million. The quarterly earnings down 17.02 percent while revenues reduced 9.86 percent compared with the same quarter last year.
According to street consensus, DEI was expected to report 2Q20 income of $ 0.09 per share from revenue of $ 236.67 million. The bottom line results beat street analysts by $ 0.3 or 333.33 percent, at the same time, top line results fell short of analysts by $ 28.87 million or 12.2 percent.
Stock Performance
On Friday, shares of Douglas Emmett, Inc. has traded high as $ 23.66 and has cracked $ 23.23 on the downward trend, reaching $ 23.60 with volume of 1.38 million shares.
According to the previous trading day, closing price of $ 23.60, representing a 2.67 % increase from the 52 week low of $ 22.88 and a 48.48 % decrease over the 52 week high of $ 45.59.
The company has a market capital of $ 4.14 billion and is part of the Real Estate sector and REIT – Office industry.
Recent Analyst recommendations
- On 23rd September 2020, maintained by Wells Fargo & Co at Equal-Weight rating, with $ 33.00 target price.
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.
