Easterly Government Properties, Inc. (NYSE:DEA - Get Free Report) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $24.85 and traded as low as $22.58. Easterly Government Properties shares last traded at $22.82, with a volume of 212,292 shares trading hands.
Analyst Ratings Changes
A number of analysts have issued reports on DEA shares. Jefferies Financial Group started coverage on shares of Easterly Government Properties in a research note on Monday, March 17th. They issued a "buy" rating and a $32.50 target price for the company. Compass Point reissued a "neutral" rating and issued a $23.75 price target (down previously from $37.50) on shares of Easterly Government Properties in a research report on Thursday, April 10th. Wall Street Zen lowered shares of Easterly Government Properties from a "hold" rating to a "sell" rating in a research report on Friday, June 6th. Finally, Royal Bank Of Canada dropped their price target 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. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $27.69.
Check Out Our Latest Report on Easterly Government Properties
Easterly Government Properties Price Performance
The stock's 50-day moving average is $21.76 and its 200-day moving average is $24.78. The firm has a market cap of $1.02 billion, a P/E ratio of 54.32 and a beta of 0.94. The company has a quick ratio of 4.90, a current ratio of 4.90 and a debt-to-equity ratio of 1.14.
Easterly Government Properties (NYSE:DEA - Get Free Report) last announced its earnings results on Tuesday, April 29th. The real estate investment trust reported $0.73 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.73. Easterly Government Properties had a net margin of 5.86% and a return on equity of 1.30%. The business had revenue of $78.68 million for the quarter, compared to analyst estimates of $80.67 million. During the same quarter in the previous year, the firm posted $0.29 earnings per share. Easterly Government Properties's revenue was up 8.1% compared to the same quarter last year. As a group, equities analysts anticipate that Easterly Government Properties, Inc. will post 1.17 EPS for the current fiscal year.
Easterly Government Properties Cuts Dividend
The business also recently announced a dividend, which was paid on Saturday, May 17th. Investors of record on Tuesday, May 6th were given a dividend of $0.45 per share. This represents a yield of 8.92%. The ex-dividend date was Monday, May 5th. Easterly Government Properties's dividend payout ratio (DPR) is currently 171.43%.
Hedge Funds Weigh In On Easterly Government Properties
Institutional investors and hedge funds have recently bought and sold shares of the stock. Sterling Capital Management LLC increased its holdings in Easterly Government Properties by 814.7% in the 4th quarter. Sterling Capital Management LLC now owns 3,110 shares of the real estate investment trust's stock valued at $35,000 after buying an additional 2,770 shares during the period. Quarry LP increased its holdings in Easterly Government Properties by 604.0% in the 4th quarter. Quarry LP now owns 5,878 shares of the real estate investment trust's stock valued at $67,000 after buying an additional 5,043 shares during the period. Point72 Asia Singapore Pte. Ltd. bought a new stake in Easterly Government Properties in the 4th quarter valued at $70,000. Parvin Asset Management LLC bought a new stake in Easterly Government Properties in the 4th quarter valued at $87,000. Finally, Quantbot Technologies LP bought a new stake in Easterly Government Properties in the 4th quarter valued at $97,000. Institutional investors own 86.51% of the company's stock.
Easterly Government Properties Company Profile
(
Get Free Report)
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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