Douglas Emmett Inc (DEI): Dan A Emmett , Chairman of the Board of Douglas Emmett Inc sold 140,000 shares on Apr 21, 2016. The Insider selling transaction was reported by the company on Apr 26, 2016 to the Securities and Exchange Commission. The shares were sold at $31.52 per share for a total value of $4,413,172.00 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Apr 26, 2016, Dan A Emmett (Chairman of the Board) sold 140,000 shares at $31.52 per share price.
Douglas Emmett: On Friday, Apr 22, 2016 heightened volatility was witnessed in Douglas Emmett which led to swings in the share price. The shares opened for trading at $31.31 and hit $31.93 on the upside , eventually ending the session at $31.83, with a gain of 1.76% or 0.55 points. The heightened volatility saw the trading volume jump to 11,88,887 shares. The 52-week high of the share price is $32.32 and the company has a market cap of $4,690 M . The 52-week low of the share price is at $24.73.
Company has been under the radar of several Street Analysts.Douglas Emmett is Reiterated by Barclays to Underweight and the brokerage firm has raised the Price Target to $ 29 from a previous price target of $28 .The Rating was issued on Mar 23, 2016.Douglas Emmett is Downgraded by Stifel to Sell and the brokerage firm has set the Price Target at $23.50. Earlier the firm had a rating of Hold on the company shares. The Rating was issued on Feb 11, 2016.
Douglas Emmett Inc. is a self-administered and self-managed Real Estate Investment Trust (REIT). The Company is owner and operator of office and multifamily properties located in submarkets in California and Hawaii. The Company operates in two segments: Office Properties and Multifamily Properties. The Office Properties segment products include rental of office space and other tenant services including parking and storage space rental. The Multifamily Properties segment products include rental of apartments and other tenant services including parking and storage space rental. The Company owned a consolidated portfolio of approximately 53 office properties and approximately 10 multifamily properties. Its properties are located in the Brentwood Olympic Corridor Century City Beverly Hills Santa Monica Westwood Sherman Oaks/Encino Warner Center/Woodland Hills and Burbank submarkets of Los Angeles County California and in Honolulu Hawaii.