Easterly Government Properties Inc. (NYSE:DEA) traded at a new 52-week high today of $21.99. So far today approximately 117,000 shares have been exchanged, as compared to an average 30-day volume of 658,000 shares.
Over the past year, Easterly Government Properties Inc. has traded in a range of $15.16 to $21.99 and is now at $21.95, 45% above that low. Over the past week, the 200-day moving average (MA) has gone up 0.5% while the 50-day MA has advanced 0.7%.
Easterly Government Properties, Inc. intends to qualify as a real estate investment trust, and REIT, focused primarily on the acquisition, development and management of Class A commercial properties that are leased to U.S. Government agencies that serve essential U.S. Government functions.
Easterly Government Properties Inc. (NYSE:DEA) is currently priced 0.9% above its average consensus analyst price target of $21.75. The stock should discover initial support at its 50-day moving average (MA) of $20.92 and subsequent support at its 200-day MA of $18.75.
NetworkNewsWire is monitoring the Equity Real Estate Investment Industry for any potential shift so investors can protect gains.
About NetworkNewsWire
NetworkNewsWire (NNW) is a financial news and content distribution company that provides (1) access to a network of wire services via NetworkWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, (5) a full array of corporate communications solutions, and (6) a total news coverage solution with NNW Prime. As a multifaceted organization with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness.
NNW is where news, content and information converge.
To receive SMS text alerts from NetworkNewsWire, text “STOCKS” to 77948 (U.S. Mobile Phones Only)
For more information, please visit https://www.NetworkNewsWire.com
Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
NetworkNewsWire (NNW)
New York, New York
www.NetworkNewsWire.com
212.418.1217 Office
Editor@NetworkNewsWire.com