Easterly Government Properties (NYSE:DEA) Price Target Lowered to $12.00 at Jefferies Financial Group

Easterly Government Properties (NYSE:DEA) had its target price reduced by research analysts at Jefferies Financial Group from $15.00 to $12.00 in a report released on Thursday,Benzinga reports. The brokerage presently has a “buy” rating on the real estate investment trust’s stock. Jefferies Financial Group’s price objective would suggest a potential upside of 4.17% from the company’s previous close.

Other research analysts have also issued reports about the stock. StockNews.com raised shares of Easterly Government Properties from a “sell” rating to a “hold” rating in a research report on Thursday, October 10th. Truist Financial decreased their price objective on shares of Easterly Government Properties from $14.00 to $13.00 and set a “hold” rating for the company in a research note on Friday, December 6th.

Easterly Government Properties Stock Performance

Shares of Easterly Government Properties stock opened at $11.52 on Thursday. Easterly Government Properties has a 52 week low of $10.76 and a 52 week high of $14.52. The company has a quick ratio of 4.01, a current ratio of 4.01 and a debt-to-equity ratio of 1.07. The business has a 50 day moving average price of $12.22 and a 200-day moving average price of $12.94. The company has a market cap of $1.22 billion, a PE ratio of 64.00 and a beta of 0.69.

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

Insider Buying and Selling

In related news, CEO Darrell W. Crate purchased 10,000 shares of the stock in a transaction that occurred on Monday, December 23rd. The shares were bought at an average price of $10.91 per share, with a total value of $109,100.00. Following the acquisition, the chief executive officer now owns 171,479 shares of the company’s stock, valued at $1,870,835.89. This trade represents a 6.19 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. 8.10% of the stock is owned by insiders.

Institutional Trading of Easterly Government Properties

A number of large investors have recently bought and sold shares of the company. Sunbelt Securities Inc. grew its stake in shares of Easterly Government Properties by 47.5% during the 3rd quarter. Sunbelt Securities Inc. now owns 30,100 shares of the real estate investment trust’s stock worth $409,000 after acquiring an additional 9,700 shares during the period. Geode Capital Management LLC lifted its holdings in Easterly Government Properties by 0.4% during the third quarter. Geode Capital Management LLC now owns 2,552,691 shares of the real estate investment trust’s stock valued at $34,671,000 after purchasing an additional 9,248 shares during the last quarter. Barclays PLC boosted its position in Easterly Government Properties by 324.6% during the third 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. Legacy Investment Solutions LLC purchased a new position in shares of Easterly Government Properties in the third quarter worth about $856,000. Finally, National Bank of Canada FI raised its position in shares of Easterly Government Properties by 430.2% in the third quarter. National Bank of Canada FI now owns 49,905 shares of the real estate investment trust’s stock valued at $678,000 after purchasing an additional 40,492 shares during the period. 86.51% of the stock is owned by hedge funds and other 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.