Taking a look at what insiders are doing to gauge the Douglas Emmett Inc. (DEI)’s direction

The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Douglas Emmett Inc. shares valued at $6,012,280 were purchased by Wang Shirley on Sep 08. At $21.17 per share, Wang Shirley acquired 284,000 shares. The insider’s holdings grew to 284,000 shares worth approximately $5.56 million following the completion of this transaction.


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Also, Kaplan Jordan L purchased 48,750 shares, netting a total of over 998,400 in proceeds. Following the buying of shares at $20.48 each, the insider now holds 2,851,640 shares.

Before that, Feinberg David T had added 25,000 shares to its account. In a trade valued at $507,750, the Director bought Douglas Emmett Inc. shares for $20.31 each. Upon closing the transaction, the insider’s holdings increased to 25,000 shares, worth approximately $0.49 million.

As published in their initiating research note from Credit Suisse on June 23, 2022, Douglas Emmett Inc. [DEI] has been an Outperform and the price target has been revised to $27. This represents a 27.44% premium over Thursday’s closing price. Analysts at Evercore ISI upgraded the stock from ‘”an In-line”‘ to ‘”an Outperform”‘ outlook in a report released in early March. As of January 10, 2022, Raymond James has increased its “Mkt perform” rating to a “an Outperform” for DEI. Earlier on December 14, 2021, Wells Fargo upgraded its rating. Their new recommendation was “an Overweight” for DEI stock which previously was a “an Equal weight”.

Analyzing DEI’s Price Performance

On Thursday, Douglas Emmett Inc. [NYSE: DEI] rose 0.05% to $19.59. The stock’s lowest price that day was $19.195, but it reached a high of $19.78 in the same session. During the last five days, there has been a drop of approximately -6.40%. Over the course of the year, Douglas Emmett Inc. shares have dropped approximately -41.52%. Shares of the company reached a 52-week high of $36.97 on 01/07/22 and a 52-week low of $18.99 on 09/01/22. A 50-day SMA is recorded $21.49, while a 200-day SMA reached $28.09. Nevertheless, trading volume fell to 2.81 million shares from 2.36 million shares the previous day.

Support And Resistance Levels for Douglas Emmett Inc. (DEI)

According to the 24-hour chart, there is a support level at 19.26, which, if violated, would cause prices to drop to 18.94. In the upper region, resistance lies at 19.85. The next price resistance is at 20.11. RSI (Relative Strength Index) is 35.57 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.78, which suggests the price will decrease in the coming days. Percent R is at 87.32%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.

Is Douglas Emmett Inc. subject to short interest?

Stocks of Douglas Emmett Inc. saw a sharp steep in short interest on Jul 14, 2022 dropping by -1.22 million shares to 5.59 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 6.81 million shares. A decline of -21.82% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 4.47 of the overall float, the days-to-cover ratio (short ratio) decline to 4.47.

Which companies own the most shares of Douglas Emmett Inc. (DEI)?

According to The Vanguard Group, Inc. filings, the company currently owns 24,630,202 shares, which is about 14.01% of the total DEI shares outstanding. The investor’s shares have plunged by -37,275 from its previous 13-F filing of 24667477.0 shares. With the completion of the buy transaction, BlackRock Fund Advisors’s stake is now worth $310,096,965. First Eagle Investment Management acquire a 48.02% interest valued at $217.93 million while Fidelity Management & Research Co sold a -148,179 stake. A total of -36,460 shares of Douglas Emmett Inc. were sold by SSgA Funds Management, Inc. during the quarter, and 757,028 were bought by Wellington Management Co. LLP. In its current portfolio, Norges Bank Investment Management holds 7,301,728 shares valued at $142.53 million.

In terms of Douglas Emmett Inc. share price expectations, FactSet research, analysts set an average price target of $25.64 in the next 12 months, up nearly 25.13% from the previous closing price of $19.58. Analysts anticipate Douglas Emmett Inc. stock to reach $30.00 by 2022, with the lowest price target being $22.00. In spite of this, 15 analysts ranked Douglas Emmett Inc. stock as an Overweight at the end of 2022. On June 03, 2021, Mizuho assigned a price target of “a Buy” to the stock and upgraded coverage with a $40.

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