Douglas Emmett climbs on $300 mln share buyback plan
09/12/2022 17:26
** Shares of real estate investment trust (REIT) Douglas
Emmett Inc DEI.N up 4.8% at $16.14
** Co announces $300 mln share buyback program urn:newsml:reuters.com:*:nBw2bzc1ya
** Four of 15 brokerages rate stock "buy" or higher, 11
"hold"; median PT is $20.5 - Refinitiv
** REITs gather capital from numerous investors like mutual
funds do and help the investors earn dividends from real estate
investments that the REITs own and operate
** Including session's gains, stock down 51.8% YTD
(Reporting by Sourasis Bose in Bengaluru)
((Sourasis.bose@thomsonreuters.com))