Easterly Government Properties (NYSE:DEA) Reaches New 1-Year Low – What’s Next?

Easterly Government Properties, Inc. (NYSE:DEA) hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as $10.50 and last traded at $10.56, with a volume of 179237 shares changing hands. The stock had previously closed at $10.63.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Jefferies Financial Group decreased their price target on Easterly Government Properties from $15.00 to $12.00 and set a “buy” rating for the company in a research note on Thursday, January 2nd. Truist Financial decreased their price target on Easterly Government Properties from $14.00 to $13.00 and set a “hold” rating for the company in a research note on Friday, December 6th. Finally, StockNews.com raised Easterly Government Properties from a “sell” rating to a “hold” rating in a research note on Monday, January 27th.

Easterly Government Properties Trading Up 0.3 %

The firm has a market capitalization of $1.13 billion, a P/E ratio of 59.25 and a beta of 0.70. The company has a debt-to-equity ratio of 1.07, a quick ratio of 4.01 and a current ratio of 4.01. The firm has a 50 day moving average price of $11.26 and a two-hundred day moving average price of $12.54.

Insider Transactions at Easterly Government Properties

In related news, CEO Darrell W. Crate acquired 10,000 shares of Easterly Government Properties stock in a transaction dated Monday, December 23rd. The stock was acquired at an average cost of $10.91 per share, with a total value of $109,100.00. Following the purchase, the chief executive officer now directly owns 171,479 shares in the company, valued at $1,870,835.89. The trade was a 6.19 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 8.10% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Legacy Investment Solutions LLC purchased a new position in shares of Easterly Government Properties during the third quarter valued at $856,000. Barclays PLC boosted its position in Easterly Government Properties by 324.6% during the third quarter. Barclays PLC now owns 165,212 shares of the real estate investment trust’s stock valued at $2,244,000 after purchasing an additional 126,306 shares during the last quarter. Kempner Capital Management Inc. boosted its position in Easterly Government Properties by 23.7% during the fourth quarter. Kempner Capital Management Inc. now owns 317,980 shares of the real estate investment trust’s stock valued at $3,612,000 after purchasing an additional 60,840 shares during the last quarter. The Manufacturers Life Insurance Company boosted its position in Easterly Government Properties by 3.5% during the third quarter. The Manufacturers Life Insurance Company now owns 48,846 shares of the real estate investment trust’s stock valued at $663,000 after purchasing an additional 1,637 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its position in Easterly Government Properties by 4.3% during the third quarter. Victory Capital Management Inc. now owns 1,932,660 shares of the real estate investment trust’s stock valued at $26,246,000 after purchasing an additional 79,400 shares during the last quarter. Hedge funds and other institutional investors own 86.51% of the company’s stock.

About Easterly Government Properties

Easterly Government Properties, Inc (NYSE: DEA) is based in Washington, DC, and focuses primarily on the acquisition, development and management of Class A commercial properties that are leased to the U.S. Government. Easterly’s experienced management team brings specialized insight into the strategy and needs of mission-critical U.S.