Shares of Easterly Government Properties, Inc. (NYSE:DEA - Get Free Report) passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $21.95 and traded as high as $22.06. Easterly Government Properties shares last traded at $21.74, with a volume of 514,010 shares trading hands.
Wall Street Analyst Weigh In
A number of brokerages have commented on DEA. Wall Street Zen downgraded Easterly Government Properties from a "hold" rating to a "sell" rating in a research note on Wednesday, May 7th. Jefferies Financial Group began coverage on 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 restated a "neutral" rating and issued a $23.75 target price (down from $37.50) on shares of Easterly Government Properties in a research note on Thursday, April 10th. Finally, Royal Bank of Canada decreased their target price on Easterly Government Properties from $27.50 to $22.00 and set an "underperform" rating for the company in a research note on Monday. Two research analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $27.69.
View Our Latest Stock Analysis on DEA
Easterly Government Properties Stock Performance
The stock has a fifty day moving average price of $21.66 and a two-hundred day moving average price of $25.94. The company has a market cap of $978.48 million, a P/E ratio of 121.06 and a beta of 0.90. The company has a debt-to-equity ratio of 1.07, a current ratio of 4.01 and a quick ratio of 4.01.
Easterly Government Properties (NYSE:DEA - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The real estate investment trust reported $0.73 earnings per share for the quarter, meeting analysts' consensus estimates of $0.73. The company had revenue of $78.68 million for the quarter, compared to analysts' expectations of $80.67 million. Easterly Government Properties had a return on equity of 1.34% and a net margin of 6.25%. The business's revenue for the quarter was up 8.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.29 earnings per share. On average, equities analysts forecast that Easterly Government Properties, Inc. will post 1.17 earnings per share for the current fiscal year.
Easterly Government Properties Cuts Dividend
The firm also recently declared a dividend, which was paid on Saturday, May 17th. Stockholders of record on Tuesday, May 6th were issued a dividend of $0.45 per share. The ex-dividend date of this dividend was Monday, May 5th. This represents a dividend yield of 8.92%. Easterly Government Properties's dividend payout ratio (DPR) is presently 171.43%.
Institutional Investors Weigh In On Easterly Government Properties
A number of hedge funds have recently made changes to their positions in DEA. Vanguard Group Inc. raised its holdings in Easterly Government Properties by 0.6% during the first quarter. Vanguard Group Inc. now owns 11,221,717 shares of the real estate investment trust's stock worth $118,950,000 after purchasing an additional 62,164 shares in the last quarter. Geode Capital Management LLC raised its holdings in Easterly Government Properties by 0.8% during the fourth quarter. Geode Capital Management LLC now owns 2,572,549 shares of the real estate investment trust's stock worth $29,230,000 after purchasing an additional 19,858 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Easterly Government Properties by 25.7% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,339,515 shares of the real estate investment trust's stock worth $24,799,000 after purchasing an additional 478,037 shares in the last quarter. Balyasny Asset Management L.P. raised its holdings in Easterly Government Properties by 4.5% during the fourth quarter. Balyasny Asset Management L.P. now owns 2,258,518 shares of the real estate investment trust's stock worth $25,657,000 after purchasing an additional 97,286 shares in the last quarter. Finally, Invesco Ltd. raised its holdings in Easterly Government Properties by 2.9% during the first quarter. Invesco Ltd. now owns 2,116,599 shares of the real estate investment trust's stock worth $22,436,000 after purchasing an additional 60,351 shares in the last quarter. Institutional investors own 86.51% of the company's stock.
About Easterly Government Properties
(
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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