Large Inflow of Money Detected in Douglas Emmett

Douglas Emmett (DEI) : The money flow analysis of Douglas Emmett (DEI) indicates a $2.21 million of outflow was on downticks, whereas, the investors on Tuesday gobbled up stocks worth $4.95 million on upticks. The ratio between the upticks and downticks was clearly in favor of the bulls at 2.24 and so was the total money flow at $2.74 million. A solid up-down ratio of 3.01 in block trades indicates that the investors are accumulating the stock on weakness. The bulls lapped up $3.9 million worth of block trades on upticks. Only $1.3 million worth of the stock exchanged hands on downticks. The money flow was $2.6 million in block trades, underlining the interest of the bulls in the stock even when the stock was declining.However, the price action shows that the bears had an upper hand in the stock of Douglas Emmett (DEI), pushing it down by -0.11% for the day. The stock slid $0.04 and traded at $37.32 during the day. Nonetheless, the stock is 1.58% over the previous weeks close.


Also, BTIG Research initiates coverage on Douglas Emmett (NYSE:DEI). The rating major has initiated the coverage with neutral rating on the shares. The rating by the firm was issued on August 25, 2016.

Shares of Douglas Emmett Inc appreciated by 0.84% during the last five trading days but lost 1.66% on a 4-week basis. Douglas Emmett Inc is up 11.46% in the last 3-month period. Year-to-Date the stock performance stands at 21.48%.

Douglas Emmett (NYSE:DEI): The stock opened at $37.47 on Tuesday but the bulls could not build on the opening and the stock topped out at $37.47 for the day. The stock traded down to $37.00 during the day, due to lack of any buying support eventually closed down at $37.35 with a loss of -0.03% for the day. The stock had closed at $37.36 on the previous day. The total traded volume was 684,350 shares.

In a related news, The Securities and Exchange Commission has divulged that Emmett Dan A, director officer (Chairman of the Board) of Douglas Emmett Inc, had unloaded 140,000 shares at an average price of $36.72 in a transaction dated on July 21, 2016. The total value of the transaction was worth $5,140,800.

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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