Easterly Government Properties Inc’s recently made public that its Chairman Crate Darrell W acquired Company’s shares for reported $0.11 million on Dec 13 ’23. In the deal valued at $13.14 per share,8,000 shares were bought. As a result of this transaction, Crate Darrell W now holds 92,174 shares worth roughly $1.05 million.
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RBC Capital Mkts downgraded its Easterly Government Properties Inc [DEA] rating to an Underperform from a a Sector perform in a research note published on August 16, 2023; the price target was decreased to $13 from $15. A number of analysts have revised their coverage, including Compass Point’s analysts, who increased its forecast for the stock in late March from “a Neutral” to “a Buy”. BMO Capital Markets also remained covering DEA and has decreased its forecast on December 16, 2022 with a “an Underperform” recommendation from previously “Market perform” rating. Citigroup revised its rating on December 14, 2022. It rated DEA as “a Neutral” which previously was an “a Buy”.
Price Performance Review of DEA
On Monday, Easterly Government Properties Inc [NYSE:DEA] saw its stock jump 0.53% to $11.36. Over the last five days, the stock has gained 0.62%. Easterly Government Properties Inc shares have fallen nearly -15.48% since the year began. Nevertheless, the stocks have fallen -8.46% over the past one year. While a 52-week high of $15.21 was reached on 01/02/24, a 52-week low of $10.27 was recorded on 03/20/24. SMA at 50 days reached $11.97, while 200 days put it at $12.74. A total of 0.63 million shares were traded, compared to the trading of 0.66 million shares in the previous session.
Levels Of Support And Resistance For DEA Stock
The 24-hour chart illustrates a support level at 11.29, which if violated will result in even more drops to 11.22. On the upside, there is a resistance level at 11.47. A further resistance level may holdings at 11.57. The Relative Strength Index (RSI) on the 14-day chart is 43.15, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.09, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 54.49%. Stochastics %K at 45.31% indicates the stock is a holding.
How much short interest is there in Easterly Government Properties Inc?
A steep rise in short interest was recorded in Easterly Government Properties Inc stocks on Feb 29, 2024, dropping by -0.26 million shares to a total of 3.49 million shares. Yahoo Finance data shows the prior-month short interest on Jan 31, 2024 was 3.75 million shares. There was a decline of -7.45%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 4.70% of the overall stock float, the days-to-cover ratio (short ratio) fell to 3.15.
