Downgrade Alert for Douglas Emmett (DEI)
Douglas Emmett (NYSE:DEI) was downgraded from Buy to Hold at Evercore ISI today. The stock closed yesterday at $33.24 on volume of 1.7 million shares, above average daily volume of 1.1 million.
In the past 52 weeks, Douglas Emmett share prices have been bracketed by a low of $24.73 and a high of $33.29 and closed yesterday at $33.24, 34% above that low price. The 200-day and 50-day moving averages have moved 0.20% higher and 1.33% higher over the past week, respectively.
Douglas Emmett (NYSE:DEI) defies analysts with a current price ($33.24) 2.9% above its average consensus price target of $32.27. The stock should find initial support at its 50-day moving average (MA) of $30.18 and further support at its 200-day MA of $29.65.
Douglas Emmett, Inc. is a real estate investment trust that invests in office and multifamily properties in Los Angeles County, California and Honolulu, Hawaii.
SmarTrend is tracking the current trend status for Douglas Emmett and will alert subscribers who have DEI in their portfolio or watchlist when shares have changed trend direction.
Keywords: analyst upgrades/downgrades douglas emmett