In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Douglas Emmett Inc. (NYSE:DEI) reported that Douglas Emmett Inc. has picked up 8,028,916 of common stock as of 2017-02-23.
The acquisition brings the aggregate amount owned by Douglas Emmett Inc. to a total of 8,028,916 representing a 5.08% stake in the company.
For those not familiar with the company, Douglas Emmett, Inc. is a self-administered and self-managed real estate investment trust. The Company is owner and operator of office and multifamily properties located in submarkets in California and Hawaii. The Company operates in two segments: the acquisition, development, ownership and management of office real estate, and the acquisition, development, ownership and management of multifamily real estate. The services for its office segment include primarily rental of office space and other tenant services, including parking and storage space rental. The services for its multifamily segment include primarily rental of apartments and other tenant services, including parking and storage space rental. It focuses on owning, acquiring developing and managing a substantial share of office properties and multifamily communities in neighborhoods.
A glance at Douglas Emmett Inc. (NYSE:DEI)’s key stats reveals a current market capitalization of 6.19 billion based on 153.09 million shares outstanding and a price at last close of $40.19 per share.
Looking at insider activity, there are a few transactions worth noting.
Specifically, on 2012-09-13, Simon picked up 3,100 at a purchase price of $23.95. This brings their total holding to 10,000 as of the date of the filing.
On the sell side, the most recent transaction saw Emmett unload 29,595 shares at a sale price of $38.87. This brings their total holding to 1,552,752.
It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an eye on Douglas Emmett Inc. (NYSE:DEI) as things move forward to see if its progress aligns with these transactions.
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