Douglas Emmett (DEI) : During the past 4 weeks, traders have been relatively bearish on Douglas Emmett (DEI), hence the stock is down -0.49% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -2.93% relative to the S&P 500. The 4-week change in the price of the stock is -0.11% and the stock has fallen -2.96% in the past 1 week.
Douglas Emmett Inc is up 13.83% in the last 3-month period. Year-to-Date the stock performance stands at 19.43%. The stock has recorded a 20-day Moving Average of 2.11% and the 50-Day Moving Average is 1.99%.
Douglas Emmett (NYSE:DEI): The stock opened at $37.13 on Friday but the bulls could not build on the opening and the stock topped out at $37.13 for the day. The stock traded down to $36.69 during the day, due to lack of any buying support eventually closed down at $36.72 with a loss of -1.16% for the day. The stock had closed at $37.15 on the previous day. The total traded volume was 570,353 shares.
Also, In a research note released to the investors, Mizuho Securities downgrades its rating on Douglas Emmett (NYSE:DEI).The analysts at the brokerage house have a current rating of Neutral on the shares. Earlier, the shares were rated a Buy by the brokerage firm. The rating by the firm was issued on August 4, 2016.
Douglas Emmett, Inc. is a self-administered and self-managed Real Estate Investment Trust (REIT). The Company is owner and operator of office and multifamily properties located in submarkets in California and Hawaii. The Company operates in two segments: Office Properties and Multifamily Properties. The Office Properties segment products include rental of office space and other tenant services, including parking and storage space rental. The Multifamily Properties segment products include rental of apartments and other tenant services, including parking and storage space rental. The Company owned a consolidated portfolio of approximately 53 office properties and approximately 10 multifamily properties. Its properties are located in the Brentwood, Olympic Corridor, Century City, Beverly Hills, Santa Monica, Westwood, Sherman Oaks/Encino, Warner Center/Woodland Hills and Burbank submarkets of Los Angeles County, California, and in Honolulu, Hawaii.