Yesterday, a Director at Douglas Emmett (NYSE: DEI), William E. Simon, bought shares of DEI for $296.8K.
This recent transaction increases William E. Simon’s holding in the company by 385% to a total of $376.5K. Following William E. Simon’s last DEI Buy transaction on September 13, 2012, the stock climbed by 18.1%.
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Based on Douglas Emmett’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $206 million and quarterly net profit of $28.09 million. In comparison, last year the company earned revenue of $185 million and had a net profit of $18.95 million. DEI’s market cap is $6.54B and the company has a P/E ratio of 62.30. Currently, Douglas Emmett has an average volume of 761.4K.
Eight different firms, including BMO Capital and D.A. Davidson, currently also have a Buy rating on the stock.
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Douglas Emmett, Inc. is a real estate investment trust, which engages in the acquisition, development, ownership, and management of real estate properties. It operates through the Office and Multifamily segments. The Office segment comprises rental of office space and other tenant services, including parking and storage space rental.
