Douglas Emmett (NYSE:DEI) : The consensus on Douglas Emmett (NYSE:DEI) based on 10 analyst recommendation on the company stock is 2.3, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 2 which endorses a Buy on the stock. However, 5 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 1 analyst believes that the stock is a Buy, which can produce decent returns in the future. 2 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 2 analyst sees the stock overvalued at current levels and advises a Strong Sell on the stock.
Douglas Emmett (NYSE:DEI) : The highest short term price target forecast on Douglas Emmett (NYSE:DEI) is $39 and the lowest target price is $30. A total of 7 equity analysts are currently covering the company. The average price of all the analysts is $34.57 with a standard deviation of $3.15.
Company shares have received an average consensus rating of Hold for the current week
Douglas Emmett (NYSE:DEI): stock turned positive on Tuesday. Though the stock opened at $33.8, the bulls momentum made the stock top out at $34.21 level for the day. The stock recorded a low of $33.64 and closed the trading day at $34.21, in the green by 2.06%. The total traded volume for the day was 855,499. The stock had closed at $33.52 in the previous days trading.
In an insider trading activity,The director officer (Chairman of the Board) of Douglas Emmett Inc, Emmett Dan A sold 140,000 shares at $32.11 on May 19, 2016. The Insider selling transaction had a total value worth of $4,495,400. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
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.