Easterly Government Properties (NYSE:DEA) Shares to Reverse Split on Monday, April 28th

Shares of Easterly Government Properties, Inc. (NYSE:DEA - Free Report) are scheduled to reverse split on Monday, April 28th. The 2-5 reverse split was announced on Wednesday, April 9th. The number of shares owned by shareholders will be adjusted after the closing bell on Friday, April 25th.

Easterly Government Properties Stock Performance

Shares of NYSE DEA traded up $0.04 during mid-day trading on Friday, reaching $8.16. 1,460,977 shares of the company's stock were exchanged, compared to its average volume of 1,163,741. The firm has a 50-day moving average price of $10.24 and a two-hundred day moving average price of $11.52. The company has a debt-to-equity ratio of 1.07, a current ratio of 4.01 and a quick ratio of 4.01. The firm has a market capitalization of $880.72 million, a price-to-earnings ratio of 45.32 and a beta of 0.87. Easterly Government Properties has a 52 week low of $7.79 and a 52 week high of $14.53.

Easterly Government Properties (NYSE:DEA - Get Free Report) last announced its quarterly earnings data on Tuesday, February 25th. The real estate investment trust reported $0.29 EPS for the quarter, topping the consensus estimate of $0.07 by $0.22. Easterly Government Properties had a net margin of 6.25% and a return on equity of 1.34%. The business had revenue of $78.25 million for the quarter, compared to analyst estimates of $79.49 million. During the same quarter in the previous year, the firm posted $0.28 earnings per share. The company's revenue for the quarter was up 7.8% on a year-over-year basis. Analysts predict that Easterly Government Properties will post 1.17 EPS for the current year.

Easterly Government Properties Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Wednesday, March 5th were given a $0.265 dividend. This represents a $1.06 dividend on an annualized basis and a yield of 12.99%. The ex-dividend date of this dividend was Wednesday, March 5th. Easterly Government Properties's dividend payout ratio is currently 378.95%.

Wall Street Analyst Weigh In

DEA has been the subject of several research reports. Compass Point reiterated a "neutral" rating and set a $9.50 price target (down previously from $15.00) on shares of Easterly Government Properties in a research note on Thursday, April 10th. StockNews.com upgraded shares of Easterly Government Properties from a "sell" rating to a "hold" rating in a research report on Tuesday, March 4th. Royal Bank of Canada lowered their price target on shares of Easterly Government Properties from $12.00 to $11.00 and set an "underperform" rating on the stock in a research report on Monday, March 10th. Finally, Jefferies Financial Group started coverage on shares of Easterly Government Properties in a report on Monday, March 17th. They issued a "buy" rating and a $13.00 price objective for the company. One analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, Easterly Government Properties presently has a consensus rating of "Hold" and a consensus price target of $11.63.

Institutional Investors Weigh In On Easterly Government Properties

Hedge funds and other institutional investors have recently modified their holdings of the stock. Sterling Capital Management LLC grew its stake in Easterly Government Properties by 814.7% during the fourth quarter. Sterling Capital Management LLC now owns 3,110 shares of the real estate investment trust's stock valued at $35,000 after acquiring an additional 2,770 shares in the last quarter. Quarry LP grew its position in shares of Easterly Government Properties by 604.0% during the 4th quarter. Quarry LP now owns 5,878 shares of the real estate investment trust's stock valued at $67,000 after purchasing an additional 5,043 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Easterly Government Properties during the 4th quarter valued at $70,000. Parvin Asset Management LLC bought a new position in shares of Easterly Government Properties in the fourth quarter worth $87,000. Finally, Quantbot Technologies LP purchased a new stake in shares of Easterly Government Properties in the fourth quarter worth $97,000. 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.