Easterly Government Properties Inc (NYSE:DEA) Receives Average Rating of “Buy” from Brokerages

Shares of Easterly Government Properties Inc (NYSE:DEA) have earned a consensus recommendation of “Buy” from the six ratings firms that are presently covering the company, Marketbeat Ratings reports. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $21.00.

A number of brokerages have weighed in on DEA. Citigroup upped their price target on PVH from $120.00 to $128.00 and gave the company a “neutral” rating in a research report on Friday, March 29th. Zacks Investment Research upgraded Flagstar Bancorp from a “hold” rating to a “buy” rating and set a $38.00 price target on the stock in a research report on Monday.

NYSE:DEA traded down $0.05 during trading hours on Friday, reaching $18.45. The company had a trading volume of 7,162 shares, compared to its average volume of 732,447. The business has a 50-day simple moving average of $18.45. Easterly Government Properties has a one year low of $15.16 and a one year high of $20.56. The firm has a market cap of $1.27 billion, a price-to-earnings ratio of 15.75, a PEG ratio of 6.54 and a beta of 0.63. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.72.

Easterly Government Properties (NYSE:DEA) last announced its quarterly earnings results on Tuesday, May 7th. The real estate investment trust reported ($0.01) earnings per share for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.32). Easterly Government Properties had a net margin of 2.15% and a return on equity of 0.35%. The company had revenue of $50.60 million during the quarter, compared to the consensus estimate of $49.73 million. During the same quarter last year, the company earned $0.31 earnings per share. The business’s revenue was up 40.6% on a year-over-year basis. As a group, equities research analysts predict that Easterly Government Properties will post 1.19 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Thursday, June 27th. Shareholders of record on Monday, June 10th were given a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 5.64%. The ex-dividend date of this dividend was Friday, June 7th. Easterly Government Properties’s dividend payout ratio (DPR) is 88.89%.

In other Easterly Government Properties news, Chairman Darrell W. Crate sold 8,125 shares of the business’s stock in a transaction on Wednesday, May 22nd. The stock was sold at an average price of $18.62, for a total value of $151,287.50. Following the transaction, the chairman now owns 64,154 shares of the company’s stock, valued at $1,194,547.48. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Ronald E. Kendall sold 4,500 shares of the business’s stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $18.63, for a total value of $83,835.00. Following the completion of the transaction, the executive vice president now directly owns 11,568 shares in the company, valued at approximately $215,511.84. The disclosure for this sale can be found here. In the last three months, insiders sold 55,875 shares of company stock worth $1,014,748. Insiders own 12.10% of the company’s stock.

Institutional investors have recently bought and sold shares of the business. Advisory Services Network LLC boosted its stake in Easterly Government Properties by 183.6% in the first quarter. Advisory Services Network LLC now owns 1,421 shares of the real estate investment trust’s stock worth $25,000 after purchasing an additional 920 shares in the last quarter. Pennsylvania Trust Co acquired a new position in Easterly Government Properties in the first quarter worth $384,000. Huntington National Bank acquired a new position in Easterly Government Properties in the first quarter worth $51,000. NumerixS Investment Technologies Inc acquired a new position in Easterly Government Properties in the fourth quarter worth $47,000. Finally, Private Capital Group LLC boosted its stake in Easterly Government Properties by 67.3% in the first quarter. Private Capital Group LLC now owns 3,143 shares of the real estate investment trust’s stock worth $57,000 after purchasing an additional 1,264 shares in the last quarter. 92.97% of the stock is currently owned by institutional investors.

Easterly Government Properties Company Profile

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 U.S. Government. Easterly's experienced management team brings specialized insight into the strategy and needs of mission-critical U.S.

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