DEI Stock Summary and Trading Ideas (Douglas Emmett | NYSE:DEI)

Douglas Emmett Inc is a real estate investment trust that acquires, develops, and manages office and multifamily properties in Los Angeles, California and Honolulu, Hawaii in the U.S. The company focuses on owning assets in communities with large supply constraints, such as the affluent neighborhoods of Los Angeles. The vast majority of Douglas Emmett's real estate portfolio is comprised of office buildings in Los Angeles. Most of these assets are located in the areas of Sherman Oaks, Woodland Hills, and Beverly Hills in terms of total square feet. Douglas Emmett derives nearly all of its income in the form of rental revenue from tenants. The vast majority of this also comes from its Los Angeles office buildings. The company's major tenants are legal, financial, and entertainment firms.

Douglas Emmett trades on the NYSE stock market under the symbol DEI.

As of April 19, 2024, DEI stock price climbed to $13.17 with 508,443 million shares trading.

DEI has a beta of 1.68, meaning it tends to be more sensitive to market movements. DEI has a correlation of 0.20 to the broad based SPY ETF.

DEI has a market cap of $2.20 billion. This is considered a Mid Cap stock.

In the last 3 years, DEI stock traded as high as $36.97 and as low as $10.09.

The top ETF exchange traded funds that DEI belongs to (by Net Assets): VNQ, VTI, VB, VBR, VXF.

DEI has underperformed the market in the last year with a return of +13.0%, while the SPY ETF gained +21.1%. In the last 3 month period, DEI fell short of the market, returning -1.8%, while SPY returned +4.2%. However, in the most recent 2 weeks DEI has outperformed the stock market by returning +0.8%, while SPY returned -3.6%.

DEI support price is $12.59 and resistance is $13.43 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that DEI stock will trade within this expected range on the day.