On a relative basis, the stock has outperformed the S&P 500 by 2.86% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 0.62% in the last 1 week, and is up 4.52% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The company shares have rallied 25.46% from its 1 Year high price. On Jul 8, 2016, the shares registered one year high at $36.01 and the one year low was seen on Feb 12, 2016. The 50-Day Moving Average price is $34.17 and the 200 Day Moving Average price is recorded at $30.87.
The stock has recorded a 20-day Moving Average of 4.26% and the 50-Day Moving Average is 6.84%.
Douglas Emmett (NYSE:DEI): stock turned positive on Friday. Though the stock opened at $35.39, the bulls momentum made the stock top out at $36.005 level for the day. The stock recorded a low of $35.31 and closed the trading day at $35.82, in the green by 2.05%. The total traded volume for the day was 1,092,728. The stock had closed at $35.1 in the previous days trading.
In an insider trading activity, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director officer (Chairman of the Board) of Douglas Emmett Inc, Emmett Dan A had sold 140,000 shares worth of $4,495,400 in a transaction dated May 19, 2016. In this transaction, 140,000 shares were sold at $32.11 per share.
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.