Easterly Government Properties (NYSE:DEA) Hits New 52-Week Low - Here's Why

Easterly Government Properties, Inc. (NYSE:DEA - Get Free Report)'s share price reached a new 52-week low during mid-day trading on Friday . The stock traded as low as $10.72 and last traded at $10.77, with a volume of 189165 shares trading hands. The stock had previously closed at $10.92.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on DEA. StockNews.com upgraded shares of Easterly Government Properties from a "sell" rating to a "hold" rating in a report on Monday, January 27th. Jefferies Financial Group decreased their price objective on shares of Easterly Government Properties from $15.00 to $12.00 and set a "buy" rating for the company in a report on Thursday, January 2nd. Finally, Truist Financial reduced their target price on shares of Easterly Government Properties from $14.00 to $13.00 and set a "hold" rating for the company in a report on Friday, December 6th.

Easterly Government Properties Stock Up 0.2 %

The stock has a market capitalization of $1.14 billion, a P/E ratio of 59.92 and a beta of 0.70. The company has a debt-to-equity ratio of 1.07, a current ratio of 4.01 and a quick ratio of 4.01. The stock's fifty day moving average is $11.39 and its two-hundred day moving average is $12.67.

Insider Activity at Easterly Government Properties

In other news, CEO Darrell W. Crate purchased 10,000 shares of Easterly Government Properties stock in a transaction that occurred on Monday, December 23rd. The stock was acquired at an average price 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 in the company, valued at $1,870,835.89. The trade was a 6.19 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at this link. 8.10% of the stock is owned by insiders.

Institutional Investors Weigh In On Easterly Government Properties

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Fox Run Management L.L.C. purchased a new stake in Easterly Government Properties in the 4th quarter worth approximately $514,000. KLP Kapitalforvaltning AS purchased a new stake in Easterly Government Properties in the 4th quarter worth approximately $799,000. Quantbot Technologies LP bought a new position in shares of Easterly Government Properties during the 4th quarter valued at $97,000. Virtu Financial LLC bought a new position in shares of Easterly Government Properties during the 4th quarter valued at $309,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in shares of Easterly Government Properties by 39.3% during the 4th quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 52,596 shares of the real estate investment trust's stock valued at $597,000 after purchasing an additional 14,852 shares in 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.