Easterly Government Properties (DEA) : Traders are bullish on Easterly Government Properties (DEA) as it has outperformed the S&P 500 by a wide margin of 0.83% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 2.11%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 2.04% in the last 1 week, and is up 4.22% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 2.77% and the 50-Day Moving Average is 6.75%. Easterly Government Properties, Inc. is up 12.41% in the last 3-month period. Year-to-Date the stock performance stands at 22.26%.
Easterly Government Properties (NYSE:DEA): stock turned positive on Friday. Though the stock opened at $20.24, the bulls momentum made the stock top out at $20.82 level for the day. The stock recorded a low of $20.07 and closed the trading day at $20.49, in the green by 0.74%. The total traded volume for the day was 1,218,917. The stock had closed at $20.34 in the previous days trading.
Easterly Government Properties, Inc. is a real estate investment trust (REIT). The Company is focused primarily on the acquisition, development and management of Class A commercial properties that are leased to the United States Government agencies. The Company wholly owns approximately 29 properties in the United States, including 26 properties that are leased primarily to the United States Government tenant agencies and three properties that are entirely leased to private tenants, encompassing approximately 2.1 million square feet in the aggregate. It focuses on acquiring, developing and managing the United States General Services Administration (GSA)-leased properties that are essential to supporting the mission of the tenant agency and strive to be a partner of choice for the United States Government, working closely with the GSA to meet the needs and objectives of the tenant agency.