Easterly Government Properties’ (DEA) Buy Rating Reiterated at Jefferies Group LLC

Jefferies Group LLC restated their buy rating on shares of Easterly Government Properties, Inc. (NYSE:DEA) in a report issued on Tuesday morning. The firm currently has a $24.00 price objective on the real estate investment trust’s stock.

A number of other research analysts also recently weighed in on DEA. BidaskClub downgraded Easterly Government Properties from a sell rating to a strong sell rating in a report on Wednesday, August 16th. Zacks Investment Research downgraded Easterly Government Properties from a hold rating to a sell rating in a report on Wednesday, September 13th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the company. Easterly Government Properties has an average rating of Hold and an average target price of $21.83.

Easterly Government Properties (DEA) opened at 20.76 on Tuesday. The company has a market cap of $794.84 million, a price-to-earnings ratio of 207.60 and a beta of 0.57. The firm has a 50-day moving average price of $20.40 and a 200 day moving average price of $20.40. Easterly Government Properties has a one year low of $17.94 and a one year high of $21.07.

Easterly Government Properties (NYSE:DEA) last posted its earnings results on Tuesday, August 8th. The real estate investment trust reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.29). Easterly Government Properties had a return on equity of 0.58% and a net margin of 3.40%. The firm had revenue of $30.60 million for the quarter, compared to analysts’ expectations of $30.61 million. During the same quarter last year, the company posted $0.30 EPS. The firm’s revenue was up 22.9% on a year-over-year basis. Equities analysts expect that Easterly Government Properties will post $0.13 earnings per share for the current fiscal year.

ILLEGAL ACTIVITY NOTICE: This article was first published by Markets Daily and is the sole property of of Markets Daily. If you are viewing this article on another domain, it was illegally stolen and reposted in violation of international copyright laws. The original version of this article can be accessed at https://www.themarketsdaily.com/2017/10/13/easterly-government-properties-dea-buy-rating-reiterated-at-jefferies-group-llc.html.

The company also recently announced a quarterly dividend, which was paid on Thursday, September 28th. Shareholders of record on Wednesday, September 13th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Tuesday, September 12th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.82%. Easterly Government Properties’s dividend payout ratio (DPR) is 1,000.10%.

Several institutional investors have recently bought and sold shares of the stock. Public Employees Retirement System of Ohio grew its stake in shares of Easterly Government Properties by 3.6% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 27,816 shares of the real estate investment trust’s stock worth $583,000 after buying an additional 974 shares during the last quarter. Westwood Holdings Group Inc. grew its stake in shares of Easterly Government Properties by 35.8% in the 2nd quarter. Westwood Holdings Group Inc. now owns 740,318 shares of the real estate investment trust’s stock worth $15,510,000 after buying an additional 195,240 shares during the last quarter. Susquehanna International Group LLP grew its stake in shares of Easterly Government Properties by 46.9% in the 2nd quarter. Susquehanna International Group LLP now owns 92,575 shares of the real estate investment trust’s stock worth $1,939,000 after buying an additional 29,540 shares during the last quarter. California State Teachers Retirement System grew its stake in shares of Easterly Government Properties by 2.8% in the 2nd quarter. California State Teachers Retirement System now owns 65,853 shares of the real estate investment trust’s stock worth $1,380,000 after buying an additional 1,769 shares during the last quarter. Finally, M&R Capital Management Inc. purchased a new stake in shares of Easterly Government Properties in the 2nd quarter worth approximately $579,000. Institutional investors own 96.24% of the company’s stock.

Easterly Government Properties Company Profile

Easterly Government Properties, Inc is an internally managed real estate investment trust (REIT). The Company focuses on the acquisition, development and management of Class A commercial properties that are leased to the United States Government agencies. The Company leases its properties to such agencies through the United States General Services Administration (GSA).

Receive News & Ratings for Easterly Government Properties Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Easterly Government Properties Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply