Easterly Government Properties Inc (DEA) Has Recovered 22.2% From Its Low: Is This The Beginning Of A Trend?

Easterly Government Properties Inc (NYSE:DEA) price on Friday, July 12, rose 0.84% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $13.20.

A look at the stock’s price movement, the close in the last trading session was $13.09. The PE ratio in trailing twelve months stood at 67.52. Turning to its 52-week performance, $15.21 and $10.27 were the 52-week high and 52-week low respectively. Overall, DEA moved 11.86% over the past month.

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Easterly Government Properties Inc’s market cap currently stands at around $1.36 billion. The company has a Forward Dividend ratio of 1.06, with its dividend yield at 8.03%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report.

Turning to the stock’s technical picture we see that short term indicators suggest on average that DEA is a 100% Buy. On the other hand, the stock is on average a 50% Buy as suggested by medium term indicators while long term indicators are putting the stock in 50% Buy category.

DEA’s current price about 7.07% and 9.31% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 75.94, while 7-day volatility ratio is 1.65% and 1.69% in the 30-day chart. Further, Easterly Government Properties Inc (DEA) has a beta value of 0.69, and an average true range (ATR) of 0.23.

If we refocus on Easterly Government Properties Inc (NYSE:DEA), historical trading data shows that trading volumes averaged 772.28K over the past 3 months. The company’s latest data on shares outstanding shows there are 100.97 million shares.

The 6.65% of Easterly Government Properties Inc’s shares are in the hands of company insiders while institutional holders own 76.99% of the company’s shares. Current price change has pushed the stock -1.79% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the DEA stock continues to rise going into the next quarter.

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