Douglas Emmett Inc’s filing revealed that its Director SIMON WILLIAM E JR acquired Company’s shares for reported $0.59 million on Jun 10 ’24. In the deal valued at $13.15 per share,45,000 shares were bought. As a result of this transaction, SIMON WILLIAM E JR now holds 45,000 shares worth roughly $0.78 million.
Wedbush upgraded its Douglas Emmett Inc [DEI] rating to an Outperform from a a Neutral in a research note published on January 02, 2025; the price target was increased to $21 from $19. A number of analysts have revised their coverage, including Scotiabank’s analysts, who increased its forecast for the stock in mid November from “a Sector perform” to “a Sector outperform”. Jefferies also remained covering DEI and has increased its forecast on January 02, 2024 with a “Hold” recommendation from previously “an Underperform” rating. Wedbush started covering the stock on October 03, 2023. It rated DEI as “a Neutral”.
Price Performance Review of DEI
On Tuesday, Douglas Emmett Inc [NYSE:DEI] saw its stock fall -4.70% to $17.42. Over the last five days, the stock has lost -5.94%. Douglas Emmett Inc shares have fallen nearly -6.14% since the year began. Nevertheless, the stocks have risen 21.73% over the past one year. While a 52-week high of $20.50 was reached on 01/03/25, a 52-week low of $12.35 was recorded on 01/07/25. SMA at 50 days reached $18.83, while 200 days put it at $15.89.
Levels Of Support And Resistance For DEI Stock
The 24-hour chart illustrates a support level at 16.99, which if violated will result in even more drops to 16.55. On the upside, there is a resistance level at 18.17. A further resistance level may holdings at 18.91. The Relative Strength Index (RSI) on the 14-day chart is 35.52, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.37, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 96.25%. Stochastics %K at 21.59% 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 2024-12-13, dropping by -0.75 million shares to a total of 16.55 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 17.3 million shares. There was a decline of -4.55%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on September 12, 2023 when KeyBanc Capital Markets began covering the stock and recommended ‘”a Sector weight”‘ rating .
