Easterly Government Properties Inc (NYSE:DEA) Chairman Darrell W. Crate sold 5,000 shares of the company’s stock in a transaction on Friday, June 26th. The shares were sold at an average price of $23.08, for a total value of $115,400.00. Following the transaction, the chairman now directly owns 16,029 shares in the company, valued at $369,949.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
NYSE DEA opened at $23.00 on Wednesday. Easterly Government Properties Inc has a fifty-two week low of $17.90 and a fifty-two week high of $29.69. The stock’s 50-day moving average is $24.30 and its two-hundred day moving average is $24.55. The firm has a market cap of $1.73 billion, a P/E ratio of 19.33 and a beta of 0.43. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.16 and a quick ratio of 1.16.
Easterly Government Properties (NYSE:DEA) last issued its quarterly earnings data on Tuesday, May 5th. The real estate investment trust reported $0.02 EPS for the quarter, missing the Zacks’ consensus estimate of $0.30 by ($0.28). Easterly Government Properties had a net margin of 4.06% and a return on equity of 0.79%. The company had revenue of $58.22 million for the quarter, compared to analyst estimates of $59.84 million. During the same period in the prior year, the company posted $0.29 EPS. The business’s revenue was up 15.0% on a year-over-year basis. On average, equities analysts expect that Easterly Government Properties Inc will post 1.23 EPS for the current year.
Several hedge funds and other institutional investors have recently bought and sold shares of DEA. Sunbelt Securities Inc. acquired a new position in shares of Easterly Government Properties during the 4th quarter worth about $4,124,000. KBC Group NV acquired a new stake in Easterly Government Properties in the 1st quarter valued at approximately $28,000. Synovus Financial Corp increased its position in Easterly Government Properties by 1,722.8% in the 1st quarter. Synovus Financial Corp now owns 1,677 shares of the real estate investment trust’s stock worth $40,000 after buying an additional 1,585 shares during the period. Meeder Asset Management Inc. acquired a new position in shares of Easterly Government Properties during the first quarter worth approximately $43,000. Finally, Chevy Chase Trust Holdings Inc. bought a new stake in shares of Easterly Government Properties in the fourth quarter valued at approximately $71,000. 95.45% of the stock is owned by institutional investors and hedge funds.
Several research firms have weighed in on DEA. SunTrust Banks lifted their target price on Easterly Government Properties from $22.00 to $24.00 and gave the company a “hold” rating in a research note on Wednesday, May 27th. Zacks Investment Research downgraded shares of Easterly Government Properties from a “hold” rating to a “sell” rating in a research report on Friday, June 26th. Royal Bank of Canada reiterated a “buy” rating and issued a $26.00 target price on shares of Easterly Government Properties in a research report on Monday, March 9th. Jefferies Financial Group lifted their target price on shares of Easterly Government Properties from $28.00 to $31.00 and gave the company a “buy” rating in a research note on Thursday, April 16th. Finally, Citigroup upped their price target on shares of Easterly Government Properties from $23.00 to $29.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 7th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $26.71.
About Easterly Government Properties
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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