Shares of Easterly Government Properties, Inc. (NYSE: DEA – Get Rating) have been given a consensus rating of “Hold” by the seven analysts that are covering the firm, MarketBeat Ratings reports. Five analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $ 24.50.
A number of equities analysts have recently commented on the company. StockNews.com assumed coverage on Easterly Government Properties in a research report on Thursday, March 31st. They set a “hold” rating for the company. Zacks Investment Research raised Easterly Government Properties from a “sell” rating to a “hold” rating in a research report on Tuesday, May 10th.
In other Easterly Government Properties news, CEO William C. Trimble sold 7,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 29th. The stock was sold at an average price of $ 21.40, for a total value of $ 149,800.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Chairman Darrell W. Crate sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, March 14th. The shares were sold at an average price of $ 20.81, for a total value of $ 208,100.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 43,594 shares of company stock valued at $ 919,174. 8.30% of the stock is owned by company insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Commonwealth Equity Services LLC raised its stake in shares of Easterly Government Properties by 93.4% during the fourth quarter. Commonwealth Equity Services LLC now owns 45,189 shares of the real estate investment trust’s stock worth $ 1,035,000 after purchasing an additional 21,819 shares during the last quarter. Profund Advisors LLC purchased a new stake in shares of Easterly Government Properties during the fourth quarter worth approximately $ 221,000. Yousif Capital Management LLC purchased a new stake in shares of Easterly Government Properties during the fourth quarter worth approximately $ 1,795,000. Patriot Financial Group Insurance Agency LLC raised its stake in shares of Easterly Government Properties by 25.3% during the third quarter. Patriot Financial Group Insurance Agency LLC now owns 5,178 shares of the real estate investment trust’s stock worth $ 107,000 after purchasing an additional 1,045 shares during the last quarter. Finally, Presima Inc. raised its stake in shares of Easterly Government Properties by 5.4% during the fourth quarter. Presima Inc. now owns 74,400 shares of the real estate investment trust’s stock worth $ 1,705,000 after purchasing an additional 3,800 shares during the last quarter. Institutional investors own 84.55% of the company’s stock.
NYSE DEA opened at $ 18.92 on Friday. The company has a market cap of $ 1.72 billion, a P / E ratio of 54.06 and a beta of 0.51. The company has a debt-to-equity ratio of 0.85, a current ratio of 4.01 and a quick ratio of 4.01. The stock has a 50-day moving average of $ 20.24 and a two-hundred day moving average of $ 21.09. Easterly Government Properties has a 1-year low of $ 18.01 and a 1-year high of $ 23.65.
Easterly Government Properties (NYSE: DEA – Get Rating) last announced its quarterly earnings data on Tuesday, May 3rd. The real estate investment trust reported $ 0.08 EPS for the quarter, missing analysts’ consensus estimates of $ 0.34 by ($ 0.26). Easterly Government Properties had a return on equity of 2.18% and a net margin of 10.78%. The company had revenue of $ 72.30 million for the quarter, compared to analyst estimates of $ 74.73 million. During the same period in the prior year, the firm posted $ 0.33 earnings per share. The business’s quarterly revenue was up 11.2% compared to the same quarter last year. On average, analysts anticipate that Easterly Government Properties will post 1.35 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 25th. Investors of record on Friday, May 13th will be paid a dividend of $ 0.265 per share. This represents a $ 1.06 annualized dividend and a yield of 5.60%. The ex-dividend date is Thursday, May 12th. Easterly Government Properties’ payout ratio is 302.87%.
Easterly Government Properties Company Profile (Get Rating)
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 US Government. Easterly’s experienced management team brings specialized insight into the strategy and needs of mission-critical US
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