Insider Selling: Douglas Emmett Chairman Sells 34,100 Shares of Stock (DEI)
Douglas Emmett (NYSE:DEI) Chairman Dan A. Emmett sold 34,100 shares of Douglas Emmett stock on the open market in a transaction that occurred on Tuesday, August 26th. The stock was sold at an average price of $28.32, for a total transaction of $965,712.00. The sale was disclosed in a legal filing with the SEC, 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 equities research analysts have rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $28.00.
Douglas Emmett (NYSE:DEI) traded up 0.32% on Wednesday, hitting $28.37. 250,029 shares of the company’s stock traded hands. Douglas Emmett has a 52-week low of $22.27 and a 52-week high of $29.56. The stock’s 50-day moving average is $28.61 and its 200-day moving average is $27.79. The company has a market cap of $4.096 billion and a price-to-earnings ratio of 90.06.
Douglas Emmett (NYSE:DEI) last released its 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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