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 stock traded as low as $10.50 and last traded at $10.56, with a volume of 179237 shares trading hands. The stock had previously closed at $10.63.

Wall Street Analyst Weigh In

Several brokerages have issued reports on DEA. Truist Financial cut their price objective on Easterly Government Properties from $14.00 to $13.00 and set a “hold” rating on the stock in a research note on Friday, December 6th. Jefferies Financial Group cut their price objective on Easterly Government Properties from $15.00 to $12.00 and set a “buy” rating on the stock in a research note on Thursday, January 2nd. Finally, StockNews.com upgraded Easterly Government Properties from a “sell” rating to a “hold” rating in a research note on Monday, January 27th.

Easterly Government Properties Price Performance

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

Insider Transactions at Easterly Government Properties

In related news, CEO Darrell W. Crate purchased 10,000 shares of the company’s stock in a transaction dated Monday, December 23rd. The shares were acquired at an average cost of $10.91 per share, for a total transaction of $109,100.00. Following the transaction, the chief executive officer now owns 171,479 shares of the company’s stock, valued at $1,870,835.89. This trade represents a 6.19 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 8.10% of the company’s stock.

Institutional Trading of Easterly Government Properties

Several large investors have recently added to or reduced their stakes in the business. Sunbelt Securities Inc. increased its position in Easterly Government Properties by 60.0% in the 4th quarter. Sunbelt Securities Inc. now owns 48,149 shares of the real estate investment trust’s stock valued at $537,000 after acquiring an additional 18,049 shares during the period. PharVision Advisers LLC acquired a new stake in Easterly Government Properties in the 4th quarter valued at approximately $266,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Easterly Government Properties by 5.0% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 706,257 shares of the real estate investment trust’s stock valued at $8,023,000 after acquiring an additional 33,951 shares during the period. Two Sigma Advisers LP increased its position in Easterly Government Properties by 303.8% in the 4th quarter. Two Sigma Advisers LP now owns 428,000 shares of the real estate investment trust’s stock valued at $4,862,000 after acquiring an additional 322,000 shares during the period. Finally, Two Sigma Investments LP increased its position in Easterly Government Properties by 276.8% in the 4th quarter. Two Sigma Investments LP now owns 838,081 shares of the real estate investment trust’s stock valued at $9,521,000 after acquiring an additional 615,688 shares during the period. 86.51% of the stock is currently owned by institutional investors and hedge funds.

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.