KeyBanc Capital Markets initates Douglas Emmett Inc. (DEI) rating to a Sector weight


Douglas Emmett Inc.’s recently made public that its Director SIMON WILLIAM E JR acquired Company’s shares for reported $0.12 million on Jun 08. In the deal valued at $12.42 per share,10,000 shares were bought. As a result of this transaction, SIMON WILLIAM E JR now holds 91,000 shares worth roughly $ 1.22 million.

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Then, SIMON WILLIAM E JR bought 13,200 shares, generating $247,236 in total proceeds. Upon buying the shares at $18.73, the Director now owns 81,000 shares.

KeyBanc Capital Markets initiated its Douglas Emmett Inc. [DEI] rating to a Sector weight in a research note published on Monday.

Price Performance Review of DEI

On Monday, Douglas Emmett Inc. [NYSE:DEI] saw its stock fall -0.74% to $13.40. On the same session, the stock had its day’s lowest price of $13.08, but rose to a high of $13.68. Over the last five days, the stock has lost -1.11%. Douglas Emmett Inc. shares have fallen nearly -14.54% since the year began. Nevertheless, the stocks have fallen -35.44% over the past one year. While a 52-week high of $21.19 was reached on 02/02/23, a 52-week low of $10.09 was recorded on 05/17/23. SMA at 50 days reached $13.68, while 200 days put it at $13.68. A total of 2.23 million shares were traded, compared to the trading of 1.97 million shares in the previous session.

Levels Of Support And Resistance For DEI Stock

The 24-hour chart illustrates a support level at 13.09, which if violated will result in even more drops to 12.79. On the upside, there is a resistance level at 13.69. A further resistance level may holdings at 13.99. The Relative Strength Index (RSI) on the 14-day chart is 47.70, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.20, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 48.76%. Stochastics %K at 52.89% indicates the stock is a holding.

How much short interest is there in Douglas Emmett Inc.?

A steep rise in short interest was recorded in Douglas Emmett Inc. stocks on Aug 30, 2023, growing by 5.57 million shares to a total of 25.18 million shares. Yahoo Finance data shows the prior-month short interest on Jul 30, 2023 was 19.61 million shares. There was a rise of 22.12%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 22.15% of the overall stock float, the days-to-cover ratio (short ratio) rose to 12.64.

Douglas Emmett Inc. [DEI] – Who Are The Largest Shareholders?

In filings from The Vanguard Group, Inc., it is revealed that the company now owns 26,463,642 shares, or roughly 15.87% of the outstanding DEI shares. In other words, the investor’s shares have risen by 1,452,051 from its previous 13-F filing of 25011591.0. Additionally, BlackRock Fund Advisors increased 1.09% of its stake after which the total value it holdings stand at $232,084,188, while First Eagle Investment Management added 0.39% of its stake to hold $190.33 million in the firm. Over the last quarter, SSgA Funds Management, Inc. purchased 1,537,089 shares of Douglas Emmett Inc., while Fidelity Management & Research Co bought -59,081 shares. At present, Norges Bank Investment Management is holding 7,302,083 shares valued at $99.82 million. Wellington Management Co. LLP owned 7,254,252 shares of the company at the time of its most recent 13F filing, worth $99.17 million.


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