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Stock Charts AI Power Rank: 9.3
Power Rank trend -> Rising
10/08/2024 11:50:00 EST
Douglas Emmett Inc (DEI)
Industry: REIT - Office
Follow @stockchartsai on TwitterPrice Support Resistance
In the past 20 trading days, DEI has been trading in a range between $17.57 and $15.43 (gray range band). Red lines on the chart represent key resistance levels and Green lines represent key support levels. As the price moves above the lines you will notice they turn green and red if price moves below a line.
DEI is trading below resistance at $17.57, about 2% to the upside. There is support at $15.11 -13% to the downside. If it can break above the resistance, it could have some more upside. If the price starts to turn down and fails to get through this level or enters a yellow zone, we would consider profit taking or exiting the position. If it enters a red zone on the chart we would exit the position.
Upside / Downside Potential
Douglas Emmett Inc $DEI entered a Green zone 147 days ago on the AI powered stock chart. Wall Street analysts have an AVG target price $13.41, a potential down side of -23.68% from the recent price of 17.57. The stock is trading 2.11% (potential upside) below its 52 week high of $17.94 and 72.09 % (potential downside) above its 52 week low of $10.21 - based on the recent price.
Company Summary
Douglas Emmett, Inc (DEI) is a fully integrated, self-administered and self-managed real estate investment trust (REIT), and one of the largest owners and operators of high-quality office and multifamily properties located in the premier coastal submarkets of Los Angeles and Honolulu. Douglas Emmett focuses on owning and acquiring a substantial share of top-tier office properties and premier multifamily communities in neighborhoods that possess significant supply constraints, high-end executive housing and key lifestyle amenities.
News
| Douglas Emmett Announces Dates for Its 2024 Third Quarter Earnings Results and Live Conference Call SANTA MONICA, Calif.--(BUSINESS WIRE)--Douglas Emmett, Inc. (NYSE:DEI), a real estate investment trust (REIT), announced today that it plans to release its 2024 third quarter earnings results after market close on Monday, November 4, 2024. A live conference call is scheduled for the following day, Tuesday, November 5, 2024, at 11:00 a.m. Pacific Time / 2:00 p.m. Eastern Time. Jordan Kaplan, President and Chief Executive Officer, will host the call along with Peter Seymour, Chief Financial Offic. Source: Business Wire Tue, 01 Oct 2024 20:43:00 -0400 Sentiment: Neutral |
| Raise Cash And Sell Trash As a dividend growth investor focused on income, I recommend raising cash and selling lower-quality stocks due to potential recession risks. Historical data shows that rate cuts often precede recessions, making it prudent to increase cash positions and reduce exposure to vulnerable stocks. Despite some reasonable buying opportunities, I prefer holding cash in ETFs like SGOV for liquidity and safety during uncertain economic times. Source: Seeking Alpha Sat, 21 Sep 2024 08:05:00 -0400 Sentiment: Neutral |
| Douglas Emmett: Attractively Valued Before Fed Policy Normalization (Rating Upgrade) Douglas Emmett is an office REIT with 20% multifamily exposure exclusively focused on California and Hawaii. Performance so far in 2024 has been in line with the Vanguard Real Estate Index Fund ETF with the shares delivering a circa 12.7% total return. I expect the REIT to outperform going forward thanks to a 9.5x FFO multiple and a market-implied cap rate between 7% and 8.9% depending on the cash flow measure used. Source: Seeking Alpha Thu, 12 Sep 2024 12:03:57 -0400 Sentiment: Positive |
| Douglas Emmett Declares Quarterly Cash Dividend SANTA MONICA, Calif.--(BUSINESS WIRE)--Douglas Emmett, Inc. (NYSE: DEI), a real estate investment trust (REIT), announced today that its Board of Directors has declared a quarterly cash dividend on each share of its common stock of $0.19, or $0.76 on an annualized basis, to be paid on October 16, 2024 to shareholders of record as of September 30, 2024. About Douglas Emmett, Inc. Douglas Emmett, Inc. (DEI) is a fully integrated, self-administered and self-managed real estate investment trust (RE. Source: Business Wire Thu, 05 Sep 2024 19:54:00 -0400 Sentiment: Neutral |
| 3 Rental REITs to Buy to Ride the Renter Surge Fortune.com recently reported that renter households in the US rose by 1.9% in the second quarter, 3x the increase of homeowner households. It is the third consecutive quarter where this happened, suggesting that rental REITs to buy could be a wise investment in the year's second half. Source: InvestorPlace Thu, 15 Aug 2024 09:00:00 -0400 Sentiment: Positive |
Technicals 52 Week Hi: 17.94 52 Week Low: 10.2076 Beta: 1.128 50 Day MA: 16.1084 200 Day MA: 14.3606 Earnings / Revenue Trends Qtr Earnings Growth YOY: -0.504 Qtr Revenue Growth YOY: -0.028 Forward PE: 9.0009 Trailing PE: 0