Easterly Government Properties (NYSE:DEA) Upgraded at StockNews.com

StockNews.com upgraded shares of Easterly Government Properties (NYSE:DEA) from a sell rating to a hold rating in a report released on Monday.

Several other equities research analysts also recently commented on the company. Jefferies Financial Group decreased their price objective on Easterly Government Properties from $15.00 to $12.00 and set a “buy” rating for the company in a report on Thursday, January 2nd. Truist Financial decreased their target price on shares of Easterly Government Properties from $14.00 to $13.00 and set a “hold” rating for the company in a research report on Friday, December 6th.

Easterly Government Properties Trading Up 2.1 %

Shares of DEA stock opened at $11.77 on Monday. The stock has a 50 day simple moving average of $11.65 and a two-hundred day simple moving average of $12.85. The company has a market cap of $1.24 billion, a P/E ratio of 65.39 and a beta of 0.69. The company has a debt-to-equity ratio of 1.07, a quick ratio of 4.01 and a current ratio of 4.01. Easterly Government Properties has a fifty-two week low of $10.76 and a fifty-two week high of $14.52.

Easterly Government Properties (NYSE:DEA) last posted its quarterly earnings results on Tuesday, November 5th. The real estate investment trust reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.29 by ($0.24). The company had revenue of $74.78 million during the quarter, compared to the consensus estimate of $74.98 million. Easterly Government Properties had a net margin of 6.25% and a return on equity of 1.34%. The company’s revenue for the quarter was up 3.8% on a year-over-year basis. During the same period last year, the firm posted $0.29 earnings per share. Research analysts forecast that Easterly Government Properties will post 1.16 earnings per share for the current year.

Easterly Government Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Friday, November 15th were paid a dividend of $0.265 per share. This represents a $1.06 annualized dividend and a yield of 9.01%. The ex-dividend date was Friday, November 15th. Easterly Government Properties’s dividend payout ratio (DPR) is presently 588.89%.

Insider Transactions at Easterly Government Properties

In other Easterly Government Properties news, CEO Darrell W. Crate bought 10,000 shares of Easterly Government Properties stock in a transaction dated Monday, December 23rd. The stock was bought at an average cost of $10.91 per share, with a total value of $109,100.00. Following the completion of the acquisition, the chief executive officer now directly owns 171,479 shares in the company, valued at approximately $1,870,835.89. The trade was a 6.19 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 8.10% of the company’s stock.

Institutional Trading of Easterly Government Properties

Hedge funds have recently bought and sold shares of the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Easterly Government Properties by 478.8% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 672,306 shares of the real estate investment trust’s stock valued at $9,130,000 after purchasing an additional 556,148 shares during the last quarter. Quest Partners LLC purchased a new position in Easterly Government Properties in the third quarter valued at about $3,449,000. Harbor Capital Advisors Inc. grew its position in shares of Easterly Government Properties by 145.8% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 224,825 shares of the real estate investment trust’s stock valued at $3,053,000 after acquiring an additional 133,367 shares during the period. Barclays PLC raised its holdings in shares of Easterly Government Properties by 324.6% in the 3rd quarter. Barclays PLC now owns 165,212 shares of the real estate investment trust’s stock worth $2,244,000 after purchasing an additional 126,306 shares during the period. Finally, Victory Capital Management Inc. raised its holdings in shares of Easterly Government Properties by 4.3% in the 3rd quarter. Victory Capital Management Inc. now owns 1,932,660 shares of the real estate investment trust’s stock worth $26,246,000 after purchasing an additional 79,400 shares during the period. 86.51% 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.