Is Selling Stock Like Easterly Government Properties, Inc. (DEA) After This H&S Winning Strategy?

April 17, 2018 - By Peter Erickson

The stock of Easterly Government Properties, Inc. (DEA) formed H&S with $18.64 target or 8.00 % below today’s $20.26 share price. The 8 months Head & Shoulders indicates high risk for the $1.09B company. It was reported on Apr, 17 by If the $18.64 price target is reached, the company will be worth $87.28 million less.
Head-and-shoulders are one of the best chart patterns to trade. They work in bear and bull markets and according to many researchers have very low failure rate. Even thought they have high pullback rate, such patters usually provide good risk-reward entry opportunities. The percentage of stocks meeting price targets is 55%.

The stock increased 0.65% or $0.13 during the last trading session, reaching $20.26. About 94,968 shares traded. Easterly Government Properties, Inc. (NYSE:DEA) has risen 3.74% since April 17, 2017 and is uptrending. It has underperformed by 7.81% the S&P500.

Analysts await Easterly Government Properties, Inc. (NYSE:DEA) to report earnings on May, 8. They expect $0.32 EPS, up 3.23 % or $0.01 from last year’s $0.31 per share. DEA’s profit will be $17.23 million for 15.83 P/E if the $0.32 EPS becomes a reality. After $0.32 actual EPS reported by Easterly Government Properties, Inc. for the previous quarter, Wall Street now forecasts 0.00 % EPS growth.

Easterly Government Properties, Inc. (NYSE:DEA) Ratings Coverage

Among 2 analysts covering Easterly Government Properties (NYSE:DEA), 1 have Buy rating, 0 Sell and 1 Hold. Therefore 50% are positive. Easterly Government Properties has $24.0 highest and $20 lowest target. $21.50’s average target is 6.12% above currents $20.26 stock price. Easterly Government Properties had 4 analyst reports since November 3, 2017 according to SRatingsIntel. The rating was maintained by Citigroup with “Neutral” on Monday, November 13. SunTrust maintained it with “Buy” rating and $24.0 target in Friday, December 15 report. The firm has “Buy” rating by SunTrust given on Monday, January 22. SunTrust maintained the shares of DEA in report on Friday, November 3 with “Buy” rating.

Easterly Government Properties, Inc. (NYSE:DEA) Ratings Chart

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