Douglas Emmett Inc (DEI) Files Form 4 Insider Selling : Dan A Emmett Sells 140,000 Shares

Douglas Emmett Inc (DEI): Dan A Emmett , Chairman of the Board of Douglas Emmett Inc sold 140,000 shares on May 19, 2016. The Insider selling transaction was reported by the company on May 20, 2016 to the Securities and Exchange Commission. The shares were sold at $32.11 per share for a total value of $4,493,709.00 , 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.

Shares of Douglas Emmett (DEI) ended Thursday, May 19, 2016 session in red amid volatile trading. The shares closed down -0.43 points or -1.32% at $32.13 with 12,82,329 shares getting traded. Post opening the session at $32.25, the shares hit an intraday low of $31.9502 and an intraday high of $32.39 and the price vacillated in this range throughout the day. The company has a market cap of $4,749 M and the number of outstanding shares has been calculated to be 14,78,03,520 shares. The 52-week high of Douglas Emmett is $34.03 and the 52-week low is $24.73.

Douglas Emmett Money Flow Index Chart

Company has been under the radar of several Street Analysts.Douglas Emmett is Reiterated by Stifel to Sell and the brokerage firm has raised the Price Target to $ 30 from a previous price target of $23.50 .The Rating was issued on May 6, 2016.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 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.

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