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Easterly Government Properties Inc (NYSE:DEA) Given Average Rating of "Hold" by Brokerages

Last updated on Tuesday, September 29, 2020 | 2020 MarketBeat

Shares of Easterly Government Properties Inc (NYSE:DEA) have been given a consensus rating of "Hold" by the eight analysts that are currently covering the firm, Marketbeat reports. Five research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $25.60.

A number of equities research analysts have recently issued reports on DEA shares. Zacks Investment Research lowered shares of Easterly Government Properties from a "buy" rating to a "hold" rating in a report on Friday, September 11th. Citigroup dropped their target price on shares of Easterly Government Properties from $29.00 to $26.00 and set a "neutral" rating for the company in a report on Monday, August 24th. ValuEngine raised shares of Easterly Government Properties from a "sell" rating to a "hold" rating in a report on Monday, August 3rd. Finally, Jefferies Financial Group reaffirmed a "buy" rating and set a $28.00 target price on shares of Easterly Government Properties in a report on Tuesday, August 11th.

In related news, CEO William C. Trimble sold 15,000 shares of the company's stock in a transaction dated Wednesday, July 22nd. The shares were sold at an average price of $23.52, for a total value of $352,800.00. Following the completion of the sale, the chief executive officer now owns 109,014 shares of the company's stock, valued at $2,564,009.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Darrell W. Crate sold 5,000 shares of the company's stock in a transaction dated Friday, July 10th. The shares were sold at an average price of $22.79, for a total transaction of $113,950.00. Following the completion of the sale, the chairman now directly owns 16,029 shares of the company's stock, valued at approximately $365,300.91. The disclosure for this sale can be found here. Insiders sold 68,750 shares of company stock valued at $1,630,775 in the last three months. 9.90% of the stock is currently owned by insiders.

Several institutional investors and hedge funds have recently made changes to their positions in the stock. HighTower Advisors LLC lifted its position in Easterly Government Properties by 18.0% in the first quarter. HighTower Advisors LLC now owns 22,559 shares of the real estate investment trust's stock valued at $555,000 after buying an additional 3,441 shares during the last quarter. Pictet Asset Management Ltd. lifted its position in Easterly Government Properties by 30.4% in the first quarter. Pictet Asset Management Ltd. now owns 21,000 shares of the real estate investment trust's stock valued at $517,000 after buying an additional 4,900 shares during the last quarter. State Street Corp lifted its position in Easterly Government Properties by 6.1% in the first quarter. State Street Corp now owns 4,074,156 shares of the real estate investment trust's stock valued at $100,387,000 after buying an additional 235,933 shares during the last quarter. Royal Bank of Canada lifted its position in Easterly Government Properties by 26.0% in the first quarter. Royal Bank of Canada now owns 122,868 shares of the real estate investment trust's stock valued at $3,027,000 after buying an additional 25,373 shares during the last quarter. Finally, Legal & General Group Plc lifted its position in Easterly Government Properties by 2.2% in the first quarter. Legal & General Group Plc now owns 530,694 shares of the real estate investment trust's stock valued at $13,076,000 after buying an additional 11,484 shares during the last quarter. 94.77% of the stock is owned by hedge funds and other institutional investors.

Shares of NYSE DEA opened at $23.15 on Tuesday. The firm has a market cap of $1.84 billion, a PE ratio of 231.50 and a beta of 0.43. The firm has a fifty day moving average of $23.78 and a 200 day moving average of $24.39. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.97 and a current ratio of 0.97. Easterly Government Properties has a one year low of $19.00 and a one year high of $29.69.

Easterly Government Properties (NYSE:DEA) last issued its quarterly earnings results on Tuesday, August 4th. The real estate investment trust reported $0.05 EPS for the quarter, missing the consensus estimate of $0.31 by ($0.26). The company had revenue of $60.53 million during the quarter, compared to analysts' expectations of $60.78 million. Easterly Government Properties had a return on equity of 0.60% and a net margin of 3.10%. Easterly Government Properties's revenue was up 14.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.29 EPS. On average, equities analysts predict that Easterly Government Properties will post 1.24 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 11th. Investors of record on Thursday, August 13th were issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 4.49%. The ex-dividend date of this dividend was Wednesday, August 12th. Easterly Government Properties's dividend payout ratio is currently 86.67%.

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.

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Analyst Recommendations for Easterly Government Properties (NYSE:DEA)

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