Easterly Government Properties, Inc. (NYSE:DEA) Receives $27.15 Average Price Target from Brokerages

Easterly Government Properties, Inc. (NYSE:DEA - Get Free Report) has earned an average rating of "Hold" from the five research firms that are currently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and one has given a buy recommendation to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $27.15.

DEA has been the topic of several research analyst reports. BMO Capital Markets raised shares of Easterly Government Properties from a "strong sell" rating to a "hold" rating and set a $25.00 target price on the stock in a research report on Wednesday. Wall Street Zen cut shares of Easterly Government Properties from a "hold" rating to a "sell" rating in a research report on Friday, June 6th. Royal Bank Of Canada decreased their target price on shares of Easterly Government Properties from $27.50 to $22.00 and set an "underperform" rating on the stock in a research report on Monday, June 2nd. Finally, Compass Point reissued a "neutral" rating and issued a $23.75 target price (down from $37.50) on shares of Easterly Government Properties in a research report on Thursday, April 10th.

Institutional Trading of Easterly Government Properties

Institutional investors have recently added to or reduced their stakes in the business. Millennium Management LLC boosted its holdings in shares of Easterly Government Properties by 1,759.2% during the first quarter. Millennium Management LLC now owns 1,000,176 shares of the real estate investment trust's stock valued at $10,602,000 after acquiring an additional 946,381 shares during the period. Schonfeld Strategic Advisors LLC acquired a new position in shares of Easterly Government Properties during the fourth quarter valued at $10,394,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Easterly Government Properties by 74.6% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,861,478 shares of the real estate investment trust's stock valued at $21,146,000 after acquiring an additional 795,058 shares during the period. Nuveen LLC acquired a new position in shares of Easterly Government Properties during the first quarter valued at $7,487,000. Finally, Invesco Ltd. boosted its holdings in shares of Easterly Government Properties by 48.7% during the fourth quarter. Invesco Ltd. now owns 2,056,248 shares of the real estate investment trust's stock valued at $23,359,000 after acquiring an additional 673,270 shares during the period. Institutional investors own 86.51% of the company's stock.

Easterly Government Properties Stock Performance

Shares of DEA stock traded down $0.32 during mid-day trading on Wednesday, hitting $22.60. The stock had a trading volume of 511,352 shares, compared to its average volume of 532,931. Easterly Government Properties has a fifty-two week low of $19.33 and a fifty-two week high of $36.31. The firm has a market cap of $1.01 billion, a PE ratio of 53.81 and a beta of 0.94. The company has a debt-to-equity ratio of 1.14, a current ratio of 4.90 and a quick ratio of 4.90. The company's 50-day simple moving average is $22.27 and its 200-day simple moving average is $24.47.

Easterly Government Properties (NYSE:DEA - Get Free Report) last posted its earnings results on Tuesday, April 29th. The real estate investment trust reported $0.73 earnings per share for the quarter, meeting the consensus estimate of $0.73. Easterly Government Properties had a net margin of 5.86% and a return on equity of 1.30%. The firm had revenue of $78.68 million during the quarter, compared to the consensus estimate of $80.67 million. During the same period last year, the firm posted $0.29 EPS. The firm's revenue for the quarter was up 8.1% on a year-over-year basis. Sell-side analysts anticipate that Easterly Government Properties will post 1.17 earnings per share for the current year.

Easterly Government Properties Cuts Dividend

The business also recently declared a dividend, which was paid on Saturday, May 17th. Investors of record on Tuesday, May 6th were paid a $0.45 dividend. The ex-dividend date was Monday, May 5th. This represents a dividend yield of 8.92%. Easterly Government Properties's dividend payout ratio (DPR) is presently 171.43%.

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.