Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Easterly Government Properties Inc shares valued at $105,120 were purchased by Crate Darrell W on Dec 13 ’23. At $13.14 per share, Crate Darrell W acquired 8,000 shares. The insider’s holdings grew to 92,174 shares worth approximately $1.06 million following the completion of this transaction.
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As published in a research note from RBC Capital Mkts on August 16, 2023, Easterly Government Properties Inc [DEA] has been rated down from a Sector perform to an Underperform and the price target has been revised to $13 from $15. Analysts at Compass Point upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in late March. As of December 16, 2022, BMO Capital Markets has decreased its “Market perform” rating to a “an Underperform” for DEA. Earlier on December 14, 2022, Citigroup downgraded its rating. Their new recommendation was “a Neutral” for DEA stock which previously was a “a Buy”.
Analyzing DEA Stock Performance
During the last five days, there has been a surge of approximately 1.32%. Over the course of the year, Easterly Government Properties Inc shares have dropped approximately -14.51%. Shares of the company reached a 52-week high of $13.80 on 01/02/24 and a 52-week low of $10.94 on 03/20/24. A 50-day SMA is recorded $12.06, while a 200-day SMA reached $12.77. Nevertheless, trading volume fell to 0.66 million shares from 1.54 million shares the previous day.
Support And Resistance Levels for Easterly Government Properties Inc (DEA)
According to the 24-hour chart, there is a support level at 11.41, which, if violated, would cause prices to drop to 11.32. In the upper region, resistance lies at 11.55. The next price resistance is at 11.60. RSI (Relative Strength Index) is 45.45 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.25, which suggests the price will decrease in the coming days. Percent R is at 48.60%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
Is Easterly Government Properties Inc subject to short interest?
Stocks of Easterly Government Properties Inc saw a sharp steep in short interest on Feb 29, 2024 dropping by -0.26 million shares to 3.49 million. Data from Yahoo Finance shows that the short interest on Jan 31, 2024 was 3.75 million shares. A decline of -7.45% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 3.15 of the overall float, the days-to-cover ratio (short ratio) decline to 3.15.
