Douglas Emmett Chairman Sells $3,444,000 in Stock (DEI)
Douglas Emmett (NYSE:DEI) Chairman Dan A. Emmett unloaded 140,000 shares of the stock on the open market in a transaction dated Friday, January 17th. The stock was sold at an average price of $24.60, for a total value of $3,444,000.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
A number of research firms have recently commented on DEI. Analysts at JPMorgan Chase & Co. upgraded shares of Douglas Emmett from a “neutral” rating to an “overweight” rating in a research note to investors on Thursday. They now have a $27.00 price target on the stock. Separately, analysts at Citigroup Inc. upgraded shares of Douglas Emmett from a “neutral” rating to a “buy” rating in a research note to investors on Tuesday, December 17th. They now have a $27.00 price target on the stock. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $25.60.
Douglas Emmett (NYSE:DEI) traded down 1.53% on Friday, hitting $24.40. 1,078,563 shares of the company’s stock traded hands. Douglas Emmett has a 1-year low of $22.27 and a 1-year high of $28.59. The stock has a 50-day moving average of $23.44 and a 200-day moving average of $24.06. The company has a market cap of $3.479 billion and a price-to-earnings ratio of 84.86.
Douglas Emmett (NYSE:DEI) last posted its quarterly earnings results on Tuesday, November 5th. The company reported $0.37 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.37. The company had revenue of $149.69 million for the quarter, compared to the consensus estimate of $149.02 million. During the same quarter in the prior year, the company posted $0.33 earnings per share. The company’s quarterly revenue was up 2.5% on a year-over-year basis. On average, analysts predict that Douglas Emmett will post $1.49 earnings per share for the current fiscal year.
Douglas Emmett, Inc is a self-administered and self-managed Real Estate Investment Trust (NYSE:DEI).
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