Douglas Emmett (DEI) : 8 Wall Street analysts covering Douglas Emmett (DEI) believe that the average level the stock could reach for the short term is $37.25. The maximum price target given is $45 and the minimum target for short term is around $30, hence the standard deviation is calculated at $4.71.
Douglas Emmett (DEI) : Zacks Investment Research ranks Douglas Emmett (DEI) as 3, which is a Hold recommendation. 5 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 1 other analysts are mildly bullish on the stock and favor a Buy. 2 more believe that the stock has more downside risks, hence they propose a Strong Sell. A total of 3 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 11 research analysts is 2.36, which indicates as a Buy.
Also, BTIG Research initiates coverage on Douglas Emmett (NYSE:DEI). The rating major has initiated the coverage with neutral rating on the shares. The rating by the firm was issued on August 25, 2016.
Douglas Emmett (NYSE:DEI): The stock opened at $37.62 on Thursday but the bulls could not build on the opening and the stock topped out at $37.72 for the day. The stock traded down to $37.24 during the day, due to lack of any buying support eventually closed down at $37.51 with a loss of -0.13% for the day. The stock had closed at $37.56 on the previous day. The total traded volume was 666,935 shares.
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.