Breaking Finance News

Zacks Investment Research announced Douglas Emmett, Inc. (NYSE:DEI), bumping up its stock price target to $40.00 today

In a report released on 10/05/2016 Zacks Investment Research increased the stock price target of Douglas Emmett, Inc. (NYSE:DEI) to $40.00 reporting a possible upside of 0.13%.

Previously on 8/29/2016, Barclays Capital released a statement about Douglas Emmett, Inc. (NYSE:DEI) increased the target price from $33.00 to $35.00. At the time, this indicated a possible downside of -0.05%.

Just yesterday Douglas Emmett, Inc. (NYSE:DEI) traded -0.65% lower at $35.36. Douglas Emmett, Inc.’s 50-day moving average is $36.94 and its 200-day moving average is $34.68. The last stock price is up 1.97% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. 844,225 shares of DEI traded hands, up from an average trading volume of 625,592

Recent Performance Chart

Douglas Emmett, Inc. (NYSE:DEI)

Douglas Emmett, Inc. has 52 week low of $24.73 and a 52 week high of $38.71 with a PE ratio of 89.75 and has a market capitalization of $0.

In addition to Zacks Investment Research reporting its stock price target, a total of 13 brokerages have issued a research note on the company. The average stock price target is $34.65 with 3 brokerages rating the stock a strong buy, 3 brokerages rating the stock a buy, 7 brokerages rating the stock a hold, 2 brokerages rating the stock a underperform, and finally 1 brokerage rating the stock a sell.

Brief Synopsis On Douglas Emmett, Inc. (NYSE:DEI)

Douglas Emmett, Inc. is a self-administered and self-managed real estate investment trust. The Company is owner and operator of office and multifamily properties located in submarkets in California and Hawaii. The Company operates in two segments: the acquisition, development, ownership and management of office real estate, and the acquisition, development, ownership and management of multifamily real estate. The services for its office segment include primarily rental of office space and other tenant services, including parking and storage space rental. The services for its multifamily segment include primarily rental of apartments and other tenant services, including parking and storage space rental. It focuses on owning, acquiring developing and managing a substantial share of office properties and multifamily communities in neighborhoods.

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