Some Traders Are Very Bullish on Douglas Emmett, Inc. (DEI) After Forming Bullish Multiple Top

February 14, 2018 - By Stephen Andrade

Investors sentiment decreased to 1.8 in Q3 2017. Its down 0.11, from 1.91 in 2017Q2. It dived, as 20 investors sold Douglas Emmett, Inc. shares while 51 reduced holdings. 28 funds opened positions while 100 raised stakes. 158.93 million shares or 3.33% more from 153.81 million shares in 2017Q2 were reported.
Martingale Asset Limited Partnership invested in 7,200 shares. Millennium Mgmt Limited reported 508,237 shares. Oakbrook Invs Ltd stated it has 7,846 shares. Century Cos has 0.03% invested in Douglas Emmett, Inc. (NYSE:DEI). 29,540 were reported by State Of Wisconsin Inv Board. Teachers Insur Annuity Association Of America has invested 0.15% in Douglas Emmett, Inc. (NYSE:DEI). Pub Employees Retirement Association Of Colorado has 34,892 shares for 0.01% of their portfolio. Westpac Banking Corporation reported 183,941 shares. Glenmede Co Na accumulated 105 shares. Manufacturers Life Insur Company The accumulated 229,915 shares. State Treasurer State Of Michigan has 0.02% invested in Douglas Emmett, Inc. (NYSE:DEI) for 57,600 shares. World Asset Mgmt Inc invested in 0.01% or 10,865 shares. Barr E S reported 2% in Douglas Emmett, Inc. (NYSE:DEI). Cibc Asset holds 0% or 5,217 shares in its portfolio. Timber Hill Ltd Com holds 5,219 shares.

Since September 21, 2017, it had 0 insider buys, and 1 sale for $3.90 million activity.

The stock of Douglas Emmett, Inc. (DEI) shows a multiple tops pattern with $37.79 target or 4.00 % above today’s $36.34 share price. The 8 months chart pattern indicates low risk for the $7.06 billion company. It was reported on Feb, 14 by Finviz.com. If the $37.79 price target is reached, the company will be worth $282.32 million more.
Multiple tops are chart patterns with decent performance in a bull market. The failure rate is higher but the average decline is reasonable. Back-tests of such patterns show that the break even failure rate is 10%, the average rise: 19%, the throwback rate: 61% and the percentage of stocks meeting their price targets: 40%.

The stock increased 0.97% or $0.35 during the last trading session, reaching $36.34. About 780,031 shares traded. Douglas Emmett, Inc. (NYSE:DEI) has risen 18.46% since February 14, 2017 and is uptrending. It has outperformed by 1.76% the S&P500.

Douglas Emmett, Inc. (NYSE:DEI) Ratings Coverage

Among 17 analysts covering Douglas Emmett (NYSE:DEI), 5 have Buy rating, 2 Sell and 10 Hold. Therefore 29% are positive. Douglas Emmett had 51 analyst reports since August 6, 2015 according to SRatingsIntel. The rating was downgraded by DA Davidson on Thursday, May 18 to “Neutral”. On Wednesday, August 26 the stock rating was downgraded by Zacks to “Buy”. The rating was downgraded by Wells Fargo to “Market Perform” on Tuesday, December 13. BMO Capital Markets initiated the stock with “Market Perform” rating in Thursday, September 10 report. The stock of Douglas Emmett, Inc. (NYSE:DEI) earned “Neutral” rating by JP Morgan on Friday, December 16. Barclays Capital maintained it with “Underweight” rating and $33 target in Tuesday, July 19 report. The firm has “Hold” rating given on Tuesday, November 7 by BMO Capital Markets. The company was downgraded on Thursday, August 4 by Mizuho. The stock of Douglas Emmett, Inc. (NYSE:DEI) has “Buy” rating given on Monday, September 21 by Zacks. As per Tuesday, July 18, the company rating was maintained by Barclays Capital.

More recent Douglas Emmett, Inc. (NYSE:DEI) news were published by: Prnewswire.com which released: “Douglas Emmett Obtains New $335 Million Loan, Pays Off Two Loans Totaling $426 …” on February 08, 2018. Also Nasdaq.com published the news titled: “Douglas Emmett Becomes Oversold” on February 05, 2018. Prnewswire.com‘s news article titled: “Douglas Emmett Releases Fourth Quarter 2017 Earnings Results” with publication date: February 13, 2018 was also an interesting one.

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