Insider Selling: Dan A. Emmett Sells 75,999 Shares of Douglas Emmett Stock (DEI)
Douglas Emmett (NYSE:DEI) Chairman Dan A. Emmett unloaded 75,999 shares of Douglas Emmett stock in a transaction that occurred on Wednesday, August 27th. The shares were sold at an average price of $28.31, for a total transaction of $2,151,531.69. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Several analysts have recently commented on the stock. Analysts at Stifel Nicolaus downgraded shares of Douglas Emmett from a “hold” rating to a “sell” rating in a research note on Monday, August 4th. They noted that the move was a valuation call. Separately, analysts at Cowen and Company raised their price target on shares of Douglas Emmett from $3.00 to $27.00 in a research note on Tuesday, July 29th. Finally, analysts at Mizuho initiated coverage on shares of Douglas Emmett in a research note on Wednesday, July 23rd. They set a “buy” rating on the stock. Two research analysts have rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $28.00.
Douglas Emmett (NYSE:DEI) traded up 0.32% during mid-day trading on Wednesday, hitting $28.37. 250,029 shares of the company’s stock traded hands. Douglas Emmett has a 1-year low of $22.27 and a 1-year high of $29.56. The stock has a 50-day moving average of $28.62 and a 200-day moving average of $27.79. The company has a market cap of $4.096 billion and a P/E ratio of 90.06.
Douglas Emmett (NYSE:DEI) last issued its quarterly earnings data on Thursday, July 31st. The company reported $0.40 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.39 by $0.01. The company had revenue of $148.90 million for the quarter, compared to the consensus estimate of $151.57 million. During the same quarter in the prior year, the company posted $0.37 earnings per share. The company’s quarterly revenue was up 2.3% on a year-over-year basis. Analysts expect that Douglas Emmett will post $1.61 EPS 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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